Zong 4G and FINCA Microfinance Bank to digitally empower Corporate Organizations across Pakistan
Zong 4G, Pakistan’s No.1 Data Network, and FINCA Microfinance Bank Pakistan have entered into a strategic alliance aimed to uplift the digital and financial ecosystem of Pakistan. Leveraging on Pakistan’s best 4G Services, the strategic collaboration between the two organizations will enable FINCA customers to perform all sorts of banking activities over their digital mobile application […]
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Karandaaz Pakistan Launches a Portal on Financial Services Indicators for Pakistan
Karandaaz Pakistan has launched an online data portal with aggregated data on financial services and selected socioeconomic indicators for the country. The data is classified by segment—SME, Agriculture, Branchless Banking, Demographics—and also allows for detailed visualization by province, gender, age, etc., where available. Drawing on publicly available information from reputable sources, the breadth of information […]
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BankIslami announces 2018 Annual Financial Results
The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February 28, 2019. BankIslami posted profit before tax (PBT) of Rs. 403 million for the year 2018, depicting a growth by 156% compared to PBT of last […]
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Karandaaz and Allied Bank join hands for developing an Innovative Credit Scoring Model for SMEs
Karandaaz Pakistan under its third round of Innovation Challenge Fund (ICF) has signed an agreement with Allied Bank Limited (ABL) to support the bank for developing an innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this annual challenge, Karandaaz had invited ideas from entities interested in developing and testing innovative […]
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BankIslami introduces ‘OneTouch Banking’ a Complete Biometric Banking Solution for the First time in Pakistan
With the growing prevalence of technologically advanced solutions in banking industry, BankIslami breaks through the industry with OneTouch Banking, a complete Biometric solution which enables you to carry out all your transactions by just an impression of your thumb. BankIslami, for the first time in Pakistan, introduces One Touch Banking where your Thumb is your […]
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PKR 1 Billion announced for SMEs by UK-funded Karandaaz and JS Bank
The UK-funded Karandaaz has signed an agreement with JS Bank to jointly make PKR 1 billion available for small and medium enterprise (SME) financing. Increased access to SME financing will create jobs, improve household incomes and increase economic growth at a macro-economic level in Pakistan. Karandaaz Pakistan, a company funded by the UK’s Department for […]
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The Bank of Khyber signs PTCL for Managed Services Contract
The Bank of Khyber signs Pakistan Telecommunication Company Limited (PTCL) for managed services contract for a period of five years. Under this agreement, PTCL will manage and maintain active & passive network operations on behalf of the bank at more than 170 branches countrywide, as well as support the bank in meeting the current and […]
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BankIslami Extends Strategic Alliance with Premier Systems (Pvt) Ltd. (Audi Pakistan)
BankIslami Pakistan Limited, one of the leading Islamic banks of Pakistan, has extended its agreement for the year 2018, with Premier System (Pvt) Ltd. (Audi Pakistan) Pakistan’s No. 1 luxury premium automobile brand. With the successful completion of two years of Alliance, both BankIslami and Audi Pakistan have reaffirmed to mutually serve the Automobile Industry […]
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BankIslami partners with Jubilee Life (Window Takaful Operations) to introduce Referral Model for Takaful Sale
BankIslami, one of the leading Islamic banks of Pakistan, recently signed the Referral Model agreement with Jubilee Life – Window Takaful Operations, the country’s leading life insurance and Takaful operator. The agreement was signed at a ceremony held at BankIslami head office to commemorate the partnership aimed at expanding Islamic banking in the market. Senior […]
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BankIslami Partners with Indus Motor Company to offer Customized Financing Solutions
BankIslami Pakistan Limited has signed a Memorandum of Understanding (MoU) with Indus Motor Company Limited (IMC) to offer customized financing packages to IMC customers of Toyota Fortuner, Revo, Camry, and Rush across the country. The Bank will offer these financing options through its flagship product ‘Islami Auto Finance’. Mr. Bilal Fiaz – Head of Consumer […]
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BankIslami Restores Electronic Banking Services
BankIslami is pleased to announce that its payment system has been successfully restored and running absolutely secured. All of the Bank’s services can now be accessed and operated as usual including other banks’ ATMs, Internet banking and Mobile App. Thus, our customers can now access all other banks’ ATMs for Cash Withdrawal and BankIslami’s nationwide […]
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Meezan Bank and NayaPay Join Hands to Accelerate Digital Payments in Pakistan
A Memorandum of Understanding (MoU) was signed between Meezan Bank Limited and NayaPay Pvt Ltd. on the 14th of November 2018. The agreement forms the basis of a strategic partnership between the two organizations to provide innovative, technology-based payments in Pakistan. NayaPay aims to introduce a robust payment services platform to enable merchants and consumers […]
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Karandaaz Pakistan to Support BISP for Economic Empowerment of its Beneficiaries
In light of a meeting last week between the Benazir Income Support Program (BISP) and the delegation from the Bill & Melinda Gates Foundation (BMGF), BISP and Karandaaz Pakistan signed a memorandum of understanding (MOU) in Islamabad under which Karandaaz will support BISP’s efforts to catalyze economic empowerment of its beneficiaries. This will be achieved […]
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