Microfinance banking sector’s crisis casts shadows over SBP’s financial inclusion strategy
Multiple banks miss financial reporting deadlines, raising alarm over sector's health
Muhammad Nauman Chughtai cleared by SBP as President & CEO of MCB Bank
Fitness and Propriety Test clearance paves the way for Mr Chughtai to formally assume leadership of MCB BankÂ
Google Pay to launch in Pakistan by March 2025
Service to enable Pakistani users to link their bank-issued debit and credit cards to Google Pay for seamless contactless payments
Say hello to Pakistan’s first digital bank
The process has been long and some strong contenders have failed to make it to the other side. Will Mashreq Bank live up to its expectations as a digital bank in Pakistan?
Four Pakistani banks among top 10 Asia-Pacific lenders for 2024, reports S&P
UBL leads with 159.7% returns; NBP, Bank Alfalah, and BoP also in the top 10
Private sector borrowing rises by 265% to Rs1.9 trillion between Jul-Dec
High borrowing driven by monetary easing, rate cuts and inflation drop; banks also extend Rs1.35 trillion to NBFIs
Revival of Exim Bank crucial for export growth, says finance minister
Senate committee discusses Exim Bank, inflation, and remittances
VEON injects $15 million into Mobilink Bank for digital expansionÂ
Investment to drive Mobilink Bank’s ambitions to become a technologically advanced and inclusive bank
Bank of England allocates £46.18 billion in first short-term repo of 2025, second-highest ever
The short-term repo, typically for a seven-day period, allows banks to borrow money from the BoE in exchange for high-quality collateral
President promulgates Income Tax (Amendment) Ordinance, revising tax structure for banks
A tax rate of 44% has been set for banking companies for tax year 2025
SBP introduces revised regulatory framework for exchange companies
New framework to strengthen governance, reporting, and IT requirements
Cabinet approves ordinance to raise bank tax rate to 44%, abolishing 15% additional levy
Move aims to recoup tax losses as government expects Rs65 billion before year-end
US Fed faces lawsuit from major banking organizations over annual stress tests
The groups criticize the current system for creating inconsistent and unexplained requirements on bank capital
Bank Makramah Limited, formerly Summit Bank, is restructuring again. What is different this time?
The bank is expected to receive another restructuring deal, but this is nothing new for the bank that is operating under its third name now. It might not be the cure
Banks edge closer to 50% ADR target to avoid tax penalty
Private sector lending hits record Rs1.35 trillion, exceeding the average for the last three years