Governor of the State Bank of Pakistan, Mr. Jameel Ahmad reiterated the need to significantly increase financial deepening in the country, adding that no country can achieve sustainable economic growth…
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, the country's premier and pioneer Islamic financial services group, has written history by…
SHC enforces section 99D on commercial banks Sindh High Court (SHC) has dismissed petitions filed by commercial banks challenging the legality of the windfall tax, meaning Section 99D and SRO1588(I)/2023…
The State Bank of Pakistan (SBP) successfully organized the 16th SAARCFINANCE Seminar, titled “Challenges and Opportunities in the Capacity Building of Central Banks and the Financial Industry: Lessons for SAARC Countries.” held…
The SBP has granted M/s Wemsol Private Limited a license to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer consumers and merchants…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, in partnership with Special Olympics Pakistan (SOP), hosts the ‘1st Faysal Bank SOP Unified Marathon 2025’ for the first time…
The State of the Bank of Pakistan (SBP) has issued Raast Participation Criteria outlining minimum requirements for entities desirous of becoming Raast participants. These entities must have the necessary functional…
The Governor of the State Bank of Pakistan (SBP) awarded Mashreq Bank Pakistan Limited (MBPL) the first restricted license for pilot operations in a special meeting with the Board and…
The total liquid foreign reserves held by the country stood at US$ 15,947.9 million as of 14-Feb-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Mobilink Bank, Pakistan’s leading digital microfinance institution, has partnered strategically with leading fintech innovator NymCard and technology consultancy Dellson Associates to accelerate digital financial services and cross-border enablement. The collaboration…
Faysal Bank Limited (FBL) continued its success story in 2024, demonstrating strong financial resilience and operational excellence. During its second year as a full-fledged Islamic Bank, FBL announced remarkable financial…
Today, HBL declared a record profit before tax of Rs 120.3 billion for the year ending December 31, 2024, which is 6% higher than in 2023. The profit after tax…
In a significant step towards fostering international collaboration in Islamic finance, Meezan Bank, Pakistan’s leading Islamic bank, and the Participation Banks Association of Türkiye, or Türkiye Katilim Bankalari Birliği (TKBB),…
Banking, as we know, has changed forever. Gone are the days of long queues, endless paperwork, and rigid banking hours. In a world where everything is just a tap away,…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured with multiple prestigious awards at the 17th Annual Corporate Social Responsibility (CSR) Summit-2025, organized by the National…
Being at the forefront of end-user facilitation and creating ease of doing business, the Central Depository Company of Pakistan Limited (CDCPL) has signed an important Memorandum of Understanding (MoU) with…
The Chairman of the National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of the All Karachi Industrial Alliance, the Chairman of the FPCCI…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, supports the 1st Faysal Bank SOP Unified Marathon in Lahore in collaboration with Special Olympics Pakistan (SOP). This groundbreaking event…
HBL, in collaboration with S&P Global, announced the launch of the HBL S&P Global PMI® (Purchasing Managers’ Index™) series for Pakistan. This landmark initiative aims to provide valuable data and…
Building on the success of the existing USD 200 million PKR equivalent programme Risk-Participation Facility, Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) are looking to enhance the…
The total liquid foreign reserves held by the country stood at US$ 15,862.6 million as of 07-Feb-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
Bank Alfalah, one of Pakistan’s leading financial institutions, has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, Pakistan’s rapidly growing buy-now-pay-later (BNPL) platform catering to…
HBL Microfinance Bank (HBL MfB) has signed a US$ 80 million Risk Sharing Agreement (RSA or the facility) with the International Finance Corporation (IFC), a member of the World Bank…
The Pakistan Banks Association (PBA) has officially announced the launch of the Pakistan Banking Summit 2025 (PBS’25), a landmark industry-led event set to take place on February 24 & 25, 2025, in Karachi. The announcement was made…
Under the guidance of the Securities and Exchange Commission of Pakistan (SECP), in collaboration with Insurance Association of Pakistan (IAP) and industry participants, Central Depository Company of Pakistan Limited (CDCPL)…
