SBP’s FX reserves increased by US$ 33 million
The total liquid foreign reserves held by the country stood at US$ 22,669.6 million as of 17-Jul-2026. The break-up of the foreign reserves position is as under: Foreign reserves held…
Inaugural issue of Pakistan’s short-term Hybrid Sukuk
The Ministry of Finance (MoF), in collaboration with the State Bank of Pakistan (SBP), the Securities and Exchange Commission of Pakistan (SECP), Joint Financial Advisors (JFAs) – BIPL, DIB, BAFL…
JS Bank FIR: Police act against flour mill partners in PKR 100m loan default
In a major development in a banking crime case, Kotri Police have registered an FIR on the complaint of JS Bank Limited against four partners of M/s Southland Flour Mill…
Intl’ Insurance Conference: Sindh to launch multiple insurance schemes with private sector
Sindh Chief Minister Syed Murad Ali Shah has said the provincial government is working closely with the insurance industry to introduce multiple insurance schemes in collaboration with the private sector…
Bank Alfalah inaugurates its 1,200th Branch at Khayaban-e-Shamsheer, Karachi
Bank Alfalah, a leading Pakistani bank, inaugurated its 1,200th branch at Khayaban-e-Shamsheer, Karachi, marking a milestone in its growth. The Retail-cum-Premiere Branch offers a full range of banking products, including…
International Insurance Conference to convene global industry leaders
More than 500 insurance executives, actuaries, regulators, policymakers, and international experts will gather in Karachi on July 21 for the 1st IAP & PSOA International Insurance Conference 2026, marking one…
HBL wins ‘Pakistan’s Best Bank 2026’ award by Euromoney
Euromoney Awards for Excellence 2026 has awarded HBL the accolade of ‘Pakistan's Best Bank’. The Bank has also won ‘Pakistan’s Best Retail Bank’, ‘Pakistan’s Best Bank for Sustainable Finance’, ‘Pakistan’s…
Standard Chartered Pakistan recognised as the best mortgage bank by Euromoney
Standard Chartered Pakistan has been named Pakistan's Best Mortgage Bank by Euromoney, highlighting the bank's commitment to supporting home ownership and its strong mortgage offerings. This recognition underscores the bank's…
JS Bank shines at Asian Banking & Finance Awards 2026
JS Bank has won three prestigious awards at the Asian Banking & Finance Awards 2026, including SME Bank of the Year – Pakistan, Private Bank of the Year – Pakistan,…
ABHI Microfinance Bank has partnered with Thardeep
ABHI Microfinance Bank has partnered with Thardeep to enhance access to banking services across Pakistan, particularly for underserved communities. The agreement was signed by Ms. Mariam Pervaiz, Chief Commercial Officer…
Meezan Bank advances sustainability with LEED Gold Certification
Meezan Bank’s new Regional Headquarters, Meezan Tower in Islamabad, has achieved LEED Gold Certification from the U.S. Green Building Council, highlighting the bank's commitment to sustainability in its operations and…
easypaisa partners with EFU Life to offer Takaful savings solution
easypaisa Digital Bank has made Shariah-compliant savings simple, accessible, and fully digital by offering an Islamic Takaful Savings solution within its app. The initiative, being offered in collaboration with EFU Life,…
Muhammad Umar Ilyas is now Chief Information Officer for Mashreq Pakistan Operations
Mashreq Pakistan has announced the appointment of Muhammad Umar Ilyas as Chief Information Officer, highlighting its commitment to technology and digital banking in Pakistan. Umar Ilyas brings over 22 years of…
Mobilink Bank has won three awards from FinanceAsia
Mobilink Bank, Pakistan's leading digital microfinance bank, won three accolades at the FinanceAsia Awards 2026: Best Digital Bank, Best Bank for Financial Inclusion, and Best Bank for Use of Technology.…
DIB Pakistan partners with PMRC to expand affordable Shariah-compliant housing finance
DIB Pakistan has signed a PKR 6 billion Musharakah financing facility with Pakistan Mortgage Refinance Company Limited (PMRC) to expand access to affordable Islamic housing finance and support sustainable homeownership…
Standard Chartered announces appointment of Pakistan CEO
Standard Chartered Pakistan has appointed Adil Salahuddin as Chief Executive Officer & Head of Coverage, pending regulatory approvals. Rola Abu Manneh, CEO for UAE, Middle East, and Pakistan, stated that…
BankIslami, EFU Life and EFU General Insurance to expand access to affordable microtakaful protection
BankIslami has teamed up with EFU Life Assurance and EFU General Insurance to offer affordable microtakaful protection through its mobile banking app. Customers can enroll, pay, and claim coverage for…
ABHI Microfinance Bank partners with Saif Group to launch earned wage access for employees
ABHI Microfinance Bank has entered into a strategic partnership with Saif Group to introduce its Earned Wage Access (EWA) solution for the Group's workforce. The collaboration marks another step towards…
Faysal Bank accelerates the groundbreaking of a branch in the digitally enabled village of Papnakha
Faysal Bank (FBL) has initiated a rural financial inclusion drive in Papnakha Village, Gujranwala, as part of ongoing efforts aligned with the State Bank of Pakistan’s National Financial Inclusion Strategy…
SBP’s FX reserves increased by US$1,944 million
The total liquid foreign reserves held by the country stood at US$ 23,988.7 million as of 3-Jul-2026. The breakdown of the foreign reserves position is as follows: Foreign reserves held…
BankIslami recognized as Pakistan’s best Islamic Digital Bank by Euromoney
For the second consecutive year, BankIslami has been awarded Pakistan’s Best Islamic Digital Bank by Euromoney, reflecting its commitment to innovation and technology in Shariah-compliant banking. This recognition follows the…
Karandaaz and DigiKhata launch embedded finance facility for small retailers
Karandaaz Pakistan and DigiKhata Financial Services (DKFS) have signed a strategic partnership to launch an Embedded Finance Facility (EFF). This is a first-of-its-kind initiative that turns everyday merchant payments into…
Bank Alfalah successfully raises PKR 20 billion tier 2 term finance certificate
Bank Alfalah, a leading commercial Bank, has successfully raised PKR 20 billion through the issuance of a AAA-rated Tier 2 Term Finance Certificate (TFC), marking the largest TFC issuance in…
Pakistan Banking Summit 2026 concludes with a unified vision for Pakistan’s financial future
The Pakistan Banks Association (PBA) recently wrapped up the second Pakistan Banking Summit 2026 (PBS'26), reaffirming the banking sector's united dedication to advancing Pakistan's upcoming economic development through enhanced collaboration,…
Remittances reach $3.5 bn in June 2026, SBP reports steady annual growth
The State Bank of Pakistan (SBP) reported that workers’ remittances stood at US$ 3.5 billion in June 2026, reflecting a modest 2 percent year-on-year increase, while marking an 18.3 percent…