Over 98% of depositors eligible for protection in case of bank failure: SBP
Deposit Protection Corporation fund reaches Rs148 billion, ensuring financial stability
SBP restructures banking supervision, launches cyber risk management department
New measures aim to enhance banking sector oversight and cybersecurity
Banking sector’s ADR increases to 47.8%, nearing year-end goal
Banks intensify efforts to meet 50% ADR threshold by offering short-term loans to affiliated companies and reliable corporate clients
MCB Bank appoints Muhammad Nauman Chughtai as new CEO and President
Chughtai to take charge as acting president upon Shoaib Mumtaz's term completion
Bank of England to cut rates to 3.5% by 2026, economists predict
Recent insights indicate potential interest rate reduction from the Bank of England as inflation worries loom large
SBP directs banks to replace OTP with TPIN for digital transactions
The measures aim to strengthen digital payment security
UBL CEO secures 6.39 million shares, strengthens personal stake in the bank
Total shareholding reaches 38.09 million, representing 3.11% of UBL
Banks lend Rs2.2tr to avoid incremental tax under ADR target
Private sector receives Rs997bn; NBFIs secure Rs1.1tr in 5 months
PM forms high-level committee to review tax on ADR and bank profits
Dar-led panel to assess fiscal framework, propose alternatives for ADR-related tax; report to be presented to PM by end of December
SBP injects Rs9.6 trillion via conventional, Shariah-based OMOs
Central bank accepts bids for 7-day tenor at returns of up to 15.10%
Pakistani banks lag behind in financial literacy, engagement mechanisms: report
Fair Finance Asia highlights gaps in inclusion, transparency, and ESG mechanisms
Banking sector’s gross ADR rises to 47%
Nineteen percent increase in gross advances marked over the corresponding period
UBL announces amalgamation with Silk Bank under share swap arrangement
Under the plan, each share of UBL, will be exchanged for 325 shares of Silk Bank
Banks inject record Rs1 trillion into NBFIs to meet ADR targets
Infusion is 130% higher than the total stock of NBFI credits
Meezan Bank wins ‘Best Bank of Pakistan’, BOP claims two of seven awards
HBL clinched "Best Bank for SMEs" and Mobilink Microfinance Bank declared "Best Microfinance Bank"