Bank Alfalah secures regulatory approvals for sale of its Afghanistan operations to Ghazanfar Bank
State Bank of Pakistan and Central Bank of Afghanistan approve due diligence for the proposed transaction
Sluggish growth at ABL, as bank continues to lose market share
In a record-breaking year for the banking sector, ABL’s revenue growth has barely beaten inflation
Dr Syed Amir Ali appointed CEO of Meezan Bank
Takes charge from December 30 as Irfan Siddiqui steps aside as founding CEO
Sindh Bank to convert 60 branches to Islamic banking in 2025, with full transition by 2027
SBP Deputy Governor urges Islamic banking to be more than just a name
Bank deposits rise 13.6% to Rs35.38tr in November as lending slows
SBP data shows advances down 9.8% YoY, investments climb to Rs36.73tr
SBP injects over Rs10.48 trillion via open market operations to ease liquidity
Rs10.27 trillion injected through conventional reverse repo, while Rs214.7 billion via Shariah-compliant Mudarabah OMOÂ Â
SBP raises Rs1.17 trillion in T-bills, PIBs auction as strong demand eases yields
Robust Rs2.45 trillion bidding signals investor confidence ahead of December 15 monetary policy review
Liquidity exodus hits non-bank financial sector as Rs340 billion in debt is retired in five months
After banks injected over Rs1 trillion into NBFIs in late 2024 to meet tax conditions, liquidity has since been pulled back, with mutual funds seeing a significant 98.9% growth in assets
Saudi firm Najd Gateway Holding makes offer to acquire SNB’s 100% stake in Samba Bank Pakistan
Saudi National Bank to evaluate potential transaction depending on internal and regulatory approvalsÂ
Bank Alfalah receives non-binding offer from Ghazanfar Bank to acquire its Afghanistan operations
Offer is contingent on due diligence and regulatory clearances; Bank Alfalah to seek SBP and Da Afghanistan Bank approval for Ghazanfar Bank’s review process
SBP injects Rs2.17 trillion liquidity through conventional and Shariah-compliant OMOs
Central bank accepts all bids for 7-day and 14-day reverse repo operations to stabilise money market
Standard Chartered Pakistan awarded $72 million working capital and payments mandate by DawlanceÂ
Bank to provide end-to-end solutions for working capital, collections and cross-border transactions
Senate panel directs SBP to act against banks accused of forcing dress codes on female staff
Senate Standing Committee on Finance seeks an explanation from commercial banks as senators call dress code mandates discriminatory
Bank Makramah gets court approval for restructuring schemeÂ
Court sanction enables bank to meet minimum capital requirement; share issuance to Global Haly Development Limited shareholders and capital reduction to follow
How Did Meezan Become So Big?
The story of Meezan Bank’s dizzying rise to become one of Pakistan’s top five banks deserved to be told. Sibtain Naqvi does a decent job of telling an incredible story
