Alhamdulillah, the Initial Public Offering of BankIslami Ehad Sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against the IPO size of PKR 300 million through 127 applications, ensued into an oversubscription of ~1.07 times. It is pertinent […]
Responding to the unprecedented challenges faced by the nation by the Coronavirus (COVID-19), JS Bank has established a 110 Million Rs fund in association with key partners to help address the impact of the pandemic during the month of April. Based on a pledge matching initiative wherein JS Bank equally matched all support pledges made […]
JS Bank Fights Corona: Offers Urgent Financing to Hospitals to Curb Corona Pandemic. Playing its role in facilitating the nation and its institutions to fight the Coronavirus pandemic, JS Bank, has introduced financing of upto Rs. 200 million to hospitals and medical centers, for the purchase of equipment to detect, contain and treat patients infected […]
U Microfinance Bank Ltd. signed a grant agreement with Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation. The grant will help U Bank further its mission of financially including more women. U Bank won the grant through a competitive application process via Karandaaz’s Digital Experiments program. While uptake for digital financial services (DFS) […]
BankIslami Pakistan Limited and Indus Motor Company (IMC) sign an MoU for enabling smooth auto financing for their Residual Value Customers. BankIslami Pakistan Limited, one of the leading Islamic banks of Pakistan with a network of more than 330 branches in over 114 cities, signed an agreement with Indus Motor Company Limited (IMC), the exclusive […]
How To Keep Your ATM Credentials Safe? ATM Credentials hacking is now increasing day by day in Pakistan. Do you know ATM skimming lets the hackers to hack your credentials without even knowing and hundreds of ATM cardholders lost their money without their awareness and permission, causing an accumulated loss of around Rs.100 million due […]
Everything about the Pakistan Banao Certificate Scheme, details, how to apply, profit rate, and who is eligible? Prime Minister Imran Khan inaugurated the Pakistan-Banao Certificate Scheme which will attract the overseas Pakistanis to invest in the economy of the country and also to earn profit under the scheme in dollars. Prime Minister Imran Khan inaugurates […]
Fake rumors regarding the ban of Rs.5000 notes in Pakistan Rumors about the Discontinuation of Rs.5000 Notes Are Absolutely False: SBP. There are rumors circulating on social media that the government of Pakistan is all set to ban the Rs.5000 Notes in the country and soon discontinue them. The State Bank of Pakistan (SBP) has […]
SimSim Aims A Holistic Approach to Digitize Payment Modes . SimSim, Pakistan’s first leading free mobile wallet, is revolutionizing digital commerce growth in Pakistan. SimSimis adding two new services for its valuable users, the ‘Door-Step’cash-in service and a collaboration with TCS (courier service), introducing SimSim as a payment method for cash on delivery (COD). As […]
Complete Details about JazzCash ‘Pay to CNIC’ Service How to Receive Money Using CNIC Anywhere in Pakistan Through JazzCash ‘Pay to CNIC’ Service? Now you can receive money anywhere in Pakistan by using your valid. JazzCash has joined hands with the National Bank of Pakistan (NBP) in order to launch the ‘Pay to CNIC’ service […]