In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making good on its promise to expedite refunds after the COVID-19 pandemic disrupted travel plans for millions of customers around the world. In April, Emirates had announced that it would ramp up its refunds […]
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The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetric increase in financing and instruments. Higher increase in asset […]
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BankIslami announced the opening of its new branch in Sanjavi Balochistan. To commemorate the new location, higher officials from Balochistan and BurhanHafeez, General Manager – South, BankIslami joined, at the grand opening celebration and ribbon-cutting ceremony to officially open the branch. “We’re excited to expand our presence in Balochistan and open our branch in Sanjavi […]
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As the Government of Pakistan continues to assist beneficiaries across the country under the Ehsaas Emergency Cash Disbursement Programme2020, Bank Alfalah has introduced an innovative solution to cater to benficiaries whose biometric verification is not possible for multiple reasons, thus ensuring support for such beneficiaries for cash withdrawal from their account. Many beneficiaries of Gilgit-Baltistan, […]
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Transfast, a leading cross-border payments service provider with presence in over 140countries, has partnered with Habib Bank Limited (HBL), the largest commercial bankwith over 1700 branches in Pakistan,to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfastand HBL is now available to the Pakistaniexpatriates globally.This partnership further strengthens Transfast’s […]
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In the current times when coronavirus has adversely impacted economies around the world, the need to pragmatically assess the situation, strategize and ensure sustainability beats all. In a live session organized by Iqbal Institute of Policy Studies, the participants focused on the challenges and opportunities available during the current situation and expressed their views. The […]
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On April 10, 2020 State Bank of Pakistan, under the leadership of Governor State Bank, Reza Baqir, introduced a scheme to protect workers and employees during the COVID-19 pandemic. The scheme was dubbed Rozgar Refinance Scheme. The refinance scheme aimed to provide concessional credit at 3% interest rate and generous repayment terms to any business […]
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Visa, the world’s leader in digital payments, has launched their ‘Where You Shop Matters’ (WYSM) initiative in Pakistan with Daraz, the country’s leading online marketplace. The campaign aims to empower and support small businesses adversely affected by COVID-19 pandemic and is part of a larger Visa effort spanning the Central and Eastern Europe, Middle East […]
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In line with its commitment to enhancing the end-user experience, Jazz Business has announced a Universal Access Number (UAN) as a new Value-Added Service (VAS) for its corporate customers. By offering new, innovative services, Jazz Business intends to become the go-to end-to-end partner for all enterprise communication needs whether it is voice, data, internet, or […]
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U Microfinance Bank Ltd. (U Bank)was awarded the Best Emerging Microfinance Bank 2020 during the Global Good Governance – 3G Awards held on June 8, 2020. The Global Good Governance Awards are held annually to celebrate and acknowledge institutions and organizations around the world for their impact driven work carried out with social responsibility and […]
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