Ahmed Azeem Alvi, President of the SITE Association of Industry(SAI) has voiced strong disappointment over the State Bank’s decision to maintain the policy rate at 10.5 percent, terming it detrimental…
The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 10.5 percent in its meeting today. The Committee observed that headline inflation of 5.6 percent y/y in…
As a joint initiative of the Pakistan Banks Association (PBA) and the State Bank of Pakistan (SBP), Pakistan’s banking sector concluded its first-ever Industry-wide Cyber Drill, a week-long exercise held…
Chairman of the Businessmen Panel Progressive (BMPP) and Senior Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has urged the government to reduce the policy…
Pakistan’s first digital Islamic banking platform, aik by BankIslami, has launched aikPay — Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has reaffirmed its commitment to diversity and inclusion by once again partnering with Special Olympics Pakistan (SOP) as the Title…
ABHI Microfinance Bank and Finleap Financial Services (Private) Limited have entered into a strategic partnership aimed at expanding access to digital loans and Buy Now, Pay Later (BNPL) solutions, a…
Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of 21x times, marking the first-ever IPO of a dedicated General Takaful company at PSX. Investors responded…
The State Bank of Pakistan (SBP) reported that the country’s total liquid foreign exchange reserves stood at US$ 21,258.2 million as of January 16, 2026. According to SBP data: •…
President and CEO of Meezan Bank, Dr. Syed Amir Ali, has announced that the bank will initially allocate a seed fund of PKR 10 million to provide venture-capital-style financing for…
The Government of Balochistan and the National Bank of Pakistan have signed a formal agreement to provide electric scooters on subsidised instalments to students, working women, and the general public,…
Titled “Islamic Economy in the Digital Age: Innovation within the Framework of Compliance,” the 6th AlBaraka Forum Regional Conference was held at the Pearl Continental Hotel in Karachi, bringing together senior policymakers, financial leaders,…
The Current Account has deteriorated notably in the 1HFY26, with the Current Account Balance swinging into a deficit of USD1,174mn. This represents a stark reversal from a USD957mn surplus in…
Lucky Investments Limited today announced the launch of Lucky Funds, its mobile investment application designed to provide investors with secure, convenient, and transparent access to Shariah-compliant investing. Available on both…
HBL Zarai Services Limited, a wholly owned subsidiary of HBL, has launched a landmark rural engagement initiative titled “Khushiyan Da Mela” (Festival of Happiness), a first of its kind agriculture…
PSO emerged as the leading stock among the top 30 mutual fund holdings in December 2025, with mutual funds collectively holding 44.2% of its free float. Other significant stocks with…
‘We are building pathways that ensure women entrepreneurs could fully participate in and contribute to Pakistan’s economic growth’, said Mr. Saleem Ullah Deputy Governor, State Bank of Pakistan (SBP), while…
As Pakistan advances steadily toward a comprehensive transition to a fully Shariah-compliant finance guided by national reforms, regulatory initiatives, and a growing public demand, the conversation around Islamic economics has…
Meezan Bank, Pakistan’s premier Islamic bank and the country’s first and largest Islamic financial bank, has entered into a partnership with Pakistan International Airlines (PIA) to provide added convenience and…
Visa, a global leader in digital payments, and easypaisa Digital Bank have signed a strategic agreement to strengthen their collaboration with a focused objective of expanding card-based digital transactions across…
JS Bank, one of the fastest-growing banks in Pakistan, in partnership with KuickPay, has enabled Raast QR–based insurance premium payments for customers of the State Life Insurance Corporation of Pakistan (SLIC),…
Smaller Pakistani banks delivered some of the highest total returns to investors across the Asia-Pacific region in 2025, buoyed by a strong rally in local equity markets and improving macroeconomic…
In December 2025, workers' remittances totaled $3.6 billion. This amount represents year-on-year growth of 16.5% and month-on-month growth of 12.6%. During the first half of FY26, total remittances amounted to…
As of January 2, 2026, Pakistan's total liquid foreign reserves totaled USD 21,192.4 million. The breakdown of the foreign reserves is as follows: i) Foreign reserves held by the State…
Lucky Investments Limited has crossed PKR 130 billion in Assets Under Management (AUM) within its first year of operations, marking a major milestone and positioning the Company as Pakistan’s fastest-growing…
