April 26, 2024

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Pakistan Revenue

Tag: Meezan Bank

Engro Enfrashare signs Rs4.5 billion Islamic financing
Sep 14
Corporate, IT & Telecom, Money & Banking

Engro Enfrashare signs Rs4.5 billion Islamic financing

KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank, according to a statement issued on Tuesday. The proceeds raised through this Islamic syndication would be utilized to finance the development of tower sites for various mobile network […]

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Meezan Bank, Retailo sign agreement to finance youth
Sep 2
Money & Banking

Meezan Bank, Retailo sign agreement to finance youth

KARACHI: Meezan Bank has signed a partnership with Retailo, the fastest-growing B2B startup in the MENAP region. The partnership is aimed at providing deserving retailers Kamyab Jawan financing in a Shariah-compliant manner to expand and support their small businesses. The MoU was signed by Group Head Consumer Finance Meezan Bank, Arshad Majeed, and Wahaj Ahmed, […]

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Meezan Bank, NCCPL sign MoU to develop Shariah compliant products for capital market
Jul 8
Money & Banking, Stock & Commodity

Meezan Bank, NCCPL sign MoU to develop Shariah compliant products for capital market

KARACHI:  Meezan Bank and National Clearing Company of Pakistan Limited (NCCPL) have agreed to develop new Shariah-compliant products for the country’s capital market. Through this collaboration, Meezan Bank will extend its support in introducing Murabaha Share Financing System (‘MSF’), a new Shariah-compliant product, implemented by NCCPL, will help in extending Shariah-compliant stock financing facilities to stock […]

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Agha Steel to install 2.25MW solar power project
Feb 4
Energy

Agha Steel to install 2.25MW solar power project

KARACHI: Agha Steel Industries has signed a contract with Renewable Power Pvt. Ltd. for installing a 2.25 Megawatt solar power project at its production facility located at Port Qasim Karachi, a statement said on Wednesday. Meezan Bank Ltd is the banking partner for this transaction. This would be among one of the largest solar power […]

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Meezan Bank announces direct payment integration with VISA Card
Jan 19
Money & Banking

Meezan Bank announces direct payment integration with VISA Card

KARACHI: Meezan Bank Limited has announced direct integration for routing settlement of Visa card transactions. A statement on Tuesday said the shift comes in continuation with its direct integration with Mastercard last year, bringing the bank a step closer to its goal of transforming its customers’ payment experience, enabling faster and more seamless transactions. Meezan […]

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Meezan Bank launches electronic e-subscription to IPO
Aug 5
Money & Banking

Meezan Bank launches electronic e-subscription to IPO

KARACHI: Meezan Bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). A statement issued on Wednesday said that using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage Houses) to […]

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Meezan Bank to launch digital payments using Haball platform
Jul 9
Money & Banking

Meezan Bank to launch digital payments using Haball platform

KARACHI: Haball, Pakistan’s leading B2B payments automation platform, in partnership with Meezan Bank – Pakistan’s first and largest Islamic bank, has recently announced the launch of Blink Direct, a service that will enable digital payments for Pakistani businesses and their supply chain partners. The new service will accelerate digital payments to payees while completely removing […]

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