The Pakistan Banks Association (PBA) hosted a reception in Islamabad by the banking sector hosted a reception in Islamabad. Commercial launch of Digital Retail Bank of Mushrik in Pakistan, Mushrik Bank Pakistan. It indicates an important milestone in the first complete scale of the Mushrik’s award -winning digital banking platform outside the United Arab Emirates and a major milestone in Pakistan’s digital banking journey.
Mushrik Mina is one of the major financial institutions in the region, which has a strong presence Main financial Centers Or the worldAnd the launch of its digital retail bank in the country was celebrated as a proud opportunity for Pakistan’s banking industry. Digital First Approach, Customer Focus Solution, and is known for commitment to developing, ThirdIs Launch Identify an important milestone in further strengthening investors’ confidence and international cooperation.
Was hosted at the reception Award Acceleration Abdul Aziz al -Ghorir, one of the guests of the estimated state, Chairman of Mushrik, Mr Ahmed Abdullah, Group Chief Executive Officer, and The global of the mushrik Leadership Team. On behalf of the banking sectorFor, for, for,. Mr Zafar Masood, Chairman PBA, and foreign investorsFor, for, for,. Mr Yusuf Hussain, president of the chamber overseas investors The Commerce and Industry (OICCI) welcomed the prominent honorees.
The key speakers of this program are included Mr State Bank of Pakistan (SBP) Governor Jamil Ahmed and Mr Bilal Azhar CaneMinister of State for Finance and Railways. Nominee is lying lyingPeople from the government, the financial sector and the business community were also present in the attendance.
On this occasion, the important role of the banking industry was emphasized in running Pakistan’s economy. In 2024, the banks RS. Income tax more than 856 billion and 1.5 trillion in total taxes. In the first half of just 2025, the sector recorded a financial contribution of 30 % over the same period in 2024, which confirmed its location as the foundation stone of national tax production.
Still this cooperationThe ion comes under extraordinary heavy tax, which has an effective tax rate between 55 and 59 Between, which is one of the highest tax sectors not only in Pakistan but also in the entire region. Between 2021 and 2024, the sector increased by tax yo438 % added Pakistani banks to put the most burden in the world.
Industry reforms offer continues DigitalizationWorking together with SBP and related stakeholders to accelerate shift towards cacheless economy,Y. Steps such as Cross Bank EK YC, Financial Data Exchange, and Finctic Partnerships have increased women’s financial inclusion, which has increased from 14 % to 43 % in 2021. Similarly, 2.41 Billion Retail Digital TRAnnexation has been recorded, which costs over over RS. 164 trillion in recent quarter, a clear evidence of industry commitment that Documentary Economy.
Similar EFTS is already ongoing to enhance SME financing Credit Guarantee Schemes and Supply Chain Solutions, extends its more support with the banking industry ~ 300000 SMEAdolescentA growth or 57 % compared to the previous year. SME loans increased on 41 % YOY by June 2025.
At the same time, there has been significant progress in the agricultural sector, with it AgricultureTo go beyond debt RS. 2.5 Trumpet and more than 2.89 million Farmers are taking advantage of dedicated assistance ProgramFinance for receipt of farmer facility schemes and electronic warehouseTo tell some names.
It is equally important for the social responsibility of this sector, which has become a clear pillar of its cooperation in national progress. In the last two years, Pakistani banks have ACSeveral areas, including education, health care, are engaged in initiatives to directly affect local communities. Environmental stability, rid of destruction.
Only in 2024, the policing co -ordinated RS. 5 Billion tACSR activities, which are once again the highest in Pakistan in terms of industry, which has identified its commitment to beyond financial services and to create meaningful social value across the country.
The banking industry is one of the most preferred sectors for foreign direct investment (FDI) in the country. With the increase of players like the polytheists, the PBA believes that the speed of this cross sector will be accelerated many times, as it brings the market globally, innovative and healthy competition.
Was also the launch of the mushrik’s digital retail bank Recognized As a reflection of the growing confidence of international investors in Pakistan. PolytheismRising presence They are expected to increase the banking sector competition, attract direct foreign investment, and support sustainable economic growth.
The event ended with the PBA as well as its deep appreciation by its prominent guests and confirmed that the presence of the polytheists in Pakistan. Signature Not only power or Bilateral relations but also promise the promise of a more comprehensive, modern and progressive financial future for Pakistan.