33% growth in NBP assets recorded to achieve PKR 5tr milestone
KARACHI: During the last couple of years, the National Bank of Pakistan has pursued a major organizational transformation, product enhancement, digitalization and...
U Microfinance Bank receives three prestigious Asian Banking & Finance Awards, 2022
ISLAMABAD, 29 August, 2022: U Microfinance Bank (U Bank), Pakistan’s fastest growing microfinance bank, has added another victory to its long list...
A new dawn for MSMEs in Pakistan: Muawin and OLP Group announce an enterprise-leading partnership
The collaboration involves OLP Group, Pakistan’s largest SME-focused Listed Non-Banking Finance Group investing an undisclosed amount into Muawin by Cashew Financial Services...
InfraZamin, HBL facilitate Multinet for greater digital reach, transmission across Pakistan
KARACHI: InfraZamin Pakistan’s partial credit risk guarantee cover of PKR 1,575 million (US$7.6 million) on the Digital Infrastructure Facility will effectively de-risk...
HBL Islamic Banking continues to scale up its footprint in Pakistan
Lahore, Pakistan – 15 August 2022: HBL inaugurated its Islamic Banking Branch in Bahria Town, Lahore. The launch is part of HBL’s...
U Microfinance Bank planted 5,000 trees
U Microfinance Bank in collaboration with the Capital Development Authority (CDA) organized a tree plantation drive on 12th August, 2022 at G-8/1 Islamabad.
To...
Engro and Excelerate Energy Sign MoU to Develop Private RLNG Sector in Pakistan
Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (“MOU”) with Excelerate...
PAPS Autoshow 2022 – Suzuki has emerged as the winner
To all the car lovers out there - The PAPS Autoshow 2022 has concluded with yet another epic automobile exhibition.
The 3-day event...
HBL’s balance sheet crosses Rs5tr in H1CY22 – excessive taxation reduces PAT by 33pc over H1CY21 to Rs12.1bn
KARACHI: HBL on Thursday declared a consolidated profit after tax (PAT) of Rs12.1 billion for H1 2022, lower than the Rs18.0 billion...
PTCL, U Microfinance Bank announce successful conversion of U Bank’s Rs1,000mn debt into equity
Islamabad, July 26, 2022: Pakistan Telecommunication Company Limited (PTCL), country’s largest ICT services provider and U Microfinance Bank Ltd. (U Bank), a...
HBL steps up for Balochistan
Quetta, 21 July 2022: HBL inaugurated its new Prestige Lounge located in Quetta. This is the 1st HBL Prestige Lounge in the...
YAP Pakistan gears up for its pilot phase after securing IPA for an EMI license: Partners up with Faysal Bank for innovative banking solutions
Lahore – 18th July, 2022: After successfully obtaining the In-Principle Approval from the State Bank of Pakistan for an Electronic Money Institution...
HBL wins “Best Bank in Pakistan 2022” award by Euromoney
Karachi, 18 July 2022 - Euromoney awards HBL the accolade of Best Bank in Pakistan 2022. The Bank has also won the...
Fueling Pakistan’s progression towards financial inclusion
With over twenty-eight years of hands on multi-disciplinary experience in corporate/investment banking & advisory, financial management and more, Nabeel Syed, current advisor...
U Microfinance Bank Enters into Strategic Partnership with TPL Corp Limited
Karachi: Thursday, June 30 , 2022
President & CEO U Microfinance Bank Limited (U Bank) Mr. Kabeer Naqvi and Mr. Ali Jameel, CEO,...