Latest news with #HBL
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
QIB expands mobile app features to enhance customer experience
Tribune News Network Doha Qatar Islamic Bank (QIB), Qatar's leading digital bank, has introduced a series of new features to its award-winning Mobile App and the QIB Lite App, further strengthening its digital offering and enhancing access to essential financial services for customers. QIB has enhanced its Instant Credit Card feature by extending it to all eligible customers without requiring a salary transfer to QIB. The feature enables non-salaried customers to instantly apply for and receive a Credit Card via the QIB Mobile App, backed by a lien—a temporary hold—on a deposit or account balance. This update simplifies access to credit and offers customers greater flexibility and control over their finances. Additionally, QIB has expanded its Instant Cash Pickup service to include Pakistan through direct API integration with Habib Bank Limited (HBL) via both QIB Mobile App and QIB Lite App. The Cash Pickup service enables QIB customers to send money securely to beneficiaries in Pakistan, who can collect the cash instantly from any participating HBL branch. The new corridor builds on the existing Cash Pickup network covering Jordan, Egypt, and the Philippines, offering valuable remittance options to Qatar's expatriate communities. Among the newly introduced services, the Salary Advance feature is now available for eligible low-income earners (WPS) through the QIB Mobile App as well. Customers can instantly access up to 80 percent of their net salary in just a few steps. The service offers a one-time settlement in the following month and a fixed monthly profit rate of only 1percent, making it a simple, fast, and affordable solution for customers needing short-term liquidity. The service is now available on both QIB Mobile App and QIB Lite App. Commenting on the launch, QIB General Manager – Personal Banking Group D Anand said, 'These new features reflect our ongoing efforts to build a more inclusive and responsive digital banking ecosystem. By listening to our customers and understanding their needs, we are continuously delivering solutions that improve financial access, convenience, and control. Whether it is helping customers bridge short-term expenses, access credit instantly, or support families abroad, QIB remains committed to customer-centric innovation. The continuous releases of new features is a testament to our promise to always expect more from QIB.' With over 320 features and an enhanced user interface, the QIB Mobile App has become the preferred banking channel for QIB customers. The app offers customers full control over their accounts, cards, financing, and transactions, and enables them to fulfil all their banking requirements remotely. Customers can also open new accounts, apply for financing or credit cards, and book deposits instantly and securely. Available on the App Store, Google Play, and Huawei AppGallery, customers can download the QIB Mobile App and self-register using their QID and PIN.
Business Recorder
6 days ago
- Business
- Business Recorder
GIK Institute & HBL explore strategic collaboration
TOPI (KPK): The Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI) hosted a high-level delegation from HBL led by Muhammad Nassir Salim, President & CEO – HBL. The visit marked a pivotal step towards academia-industry collaboration to shape Pakistan's digital future. During the strategic dialogue, HBL's leadership expressed keen interest in innovation-led growth, talent development, and collaborative R&D initiatives. Key focus areas for the discussion were emerging technologies such as Blockchain, Cybersecurity, IP Sharing frameworks, Electric Vehicles (EVs), Spectral Analytics, and AgriTech. Muhammad Nassir Salim, President & CEO – HBL, emphasized the need for job-ready graduates and proposed co-creating curricula with GIKI to bridge the skill gap. Internship programs, real-world problem statements, and potential faculty attachments with HBL were also discussed. Rector GIKI Prof Dr Fazl A Khalid (SI) highlighted GIKI's achievements in sustainable energy, robotics, AR/VR, and EV research through industry collaborations. He invited HBL to participate in Full Stack Development Bootcamps and proposed that the Bank support in the form of scholarships, interest-free loans, and endowment funds for expanding student facilities. Copyright Business Recorder, 2025
Business Recorder
21-07-2025
- Business
- Business Recorder
HBL wins ‘Best Bank in Pakistan 2025' award
KARACHI: Euromoney Awards for Excellence 2025 has awarded HBL the accolade of 'Pakistan's Best Bank'. The Bank has also won 'Pakistan's Best Bank for Large Corporates' and 'Pakistan's Best Investment Bank'. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The Euromoney citation acknowledges that 'HBL remains an undisputed leader as Pakistan's best bank, demonstrating once again standout financial growth and continuous improvement in the digital space.' The citation went on to note, 'HBL remains one of the key players in Pakistan's agriculture sector, a vital part of the country's economy, highlighting the Bank's commitment to the economic development of Pakistan.' Commenting on the recognition, Muhammad Nassir Salim, President & CEO – HBL said, 'HBL is proud to serve its valued clients who have made these wins possible. These wins are a tribute to our millions of clients' continued trust and confidence in HBL.' Copyright Business Recorder, 2025
Express Tribune
15-07-2025
- Business
- Express Tribune
Record-breaking bull run continues as index crosses 137,000
Listen to article The Pakistan Stock Exchange (PSX) continued its upward momentum for a second consecutive session on Tuesday, with the benchmark index rising by 641.87 points, or 0.47%, the current index at 137,144.40 during intra-day trading. The market touched an intraday high of 137,727.63 and a low of 136,498.16, reflecting stable investor sentiment. Tuesday's gains follow a positive close on Monday, signalling sustained buying interest. Total traded volume reached 118,048,153 shares, while the overall value of traded securities stood at Rs. 8.92 billion. The previous session closed at 136,502.53. Analysts attributed the continued gains to improving corporate outlooks and positive cues from regional markets. Read: In fresh peak, PSX rises past 136,000 mark Earlier on Monday, PSX surged past the 136,000 mark amid encouraging economic developments and strong interest from mutual funds and institutional investors. The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading. Since the commencement of the session, the market began its gradual ascent and didn't look back, reaching the intra-day high at 136,841 just before the end of the day's proceedings. Banking sector heavyweights led the momentum, with UBL, HBL, Fauji Fertiliser Company, Bank AL Habib and MCB Bank collectively contributing 1,443 points to the benchmark index. Arif Habib Limited (AHL), in its report, called Monday's trading a very strong start to the week with the KSE-100 gaining 1.64% day-on-day to clear the 136k level. Some 62 shares rose while 36 fell on the index, where UBL (+5.45%), HBL (+9.43%) and Fauji Fertiliser Company (+1.67%) contributed the most to index gains. In contrast, Pakistan Petroleum (-0.69%), PSO (-0.91%) and National Foods (-2.47%) were the biggest drags, it said.
Express Tribune
14-07-2025
- Business
- Express Tribune
In fresh peak, PSX rises past 136,000 mark
Continuing its remarkable rally, the Pakistan Stock Exchange (PSX) touched another all-time high on Monday as it surged past 136,000 points over encouraging economic developments and robust interest from mutual funds and institutional investors. The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading. Since the commencement of the session, the market began its gradual ascent and didn't look back, reaching the intra-day high at 136,841 just before the end of the day's proceedings. According to Topline Securities, the KSE-100 index surged to intra-day high of 2,542 points before closing at a new all-time peak of 136,503, registering a remarkable gain of 2,203 points, or 1.64%. "The rally was fuelled by strong participation from local mutual funds and institutional investors," it said in a report. Banking sector heavyweights led the momentum, with UBL, HBL, Fauji Fertiliser Company, Bank AL Habib and MCB Bank collectively contributing 1,443 points to the benchmark index. Overall market activity remained vibrant where trading volumes surpassed 841 million shares, while the total traded value climbed to Rs37 billion. Crescent Star Insurance emerged as the volume leader, which saw trading in 47 million shares, Topline added. Arif Habib Limited (AHL), in its report, called Monday's trading a very strong start to the week with the KSE-100 gaining 1.64% day-on-day to clear the 136k level. Some 62 shares rose while 36 fell on the index, where UBL (+5.45%), HBL (+9.43%) and Fauji Fertiliser Company (+1.67%) contributed the most to index gains. In contrast, Pakistan Petroleum (-0.69%), PSO (-0.91%) and National Foods (-2.47%) were the biggest drags, it said. Among major economic news, it cited that the International Monetary Fund (IMF) had expressed satisfaction with Pakistan's economic progress as its Resident Representative Mahir Binici described the country's performance under the Extended Fund Facility (EFF) as "strong so far". Earlier, Pakistan and Vietnam agreed to launch negotiations for a preferential trade agreement in 2025, following the revival of high-level economic dialogue between the two countries. Among corporate developments, Honda Atlas Cars (+2.45%) is set to introduce its first-ever hybrid SUV in Pakistan – the HR-V e:HEV. This launch marks Honda's official entry into the hybrid C-segment SUV, where the HR-V e:HEV will compete directly with established players. Concluding its report, AHL expected further gains in the stock market with near-term support rising to 135k. During the day, shares of 475 companies were traded. Of these, 264 stocks closed higher, 195 decreased and 16 stood unchanged. Among the volume leaders, Crescent Star Insurance registered trading in 47.2 million shares, rising 97 paisa to close at Rs4.34. It was followed by K-Electric, which recorded trading in 42.8 million shares and gained 26 paisa to Rs5.33. First Dawood Properties was the third in the list, which saw trading in 35.6 million shares, up 64 paisa to close at Rs5.55. Foreign investors were sellers of shares worth a net Rs16.7 million.
