Participation in the auction was huge as bids totaling Rs4.6 trillion were received.
All digital retail banks DRBs now have 12 months to get operationally ready.
The sector is expected to continue steady performance in the next half too.
It will be the fourth major commercial bank to operate a wholly owned exchange subsidiary
Does the central bank really expect inflation to decline significantly or has it accepted that rate hikes aren't effective?
OPay claims it has received SBP approval
UBL’s Board of Directors greenlit the exchange company days after a major crackdown by the central bank.
Profitability takes a hit due to increase in policy rate, branch network expansion and power struggle within the management
Despite a dearth of problems ranging from bureaucratic issues to getting banned from engaging in business altogether, the bank managed to stand tall and steered itself from a state of losses to profits
The commencement of operations is announced roughly even months following the bank's NOC approval for digital banking in Pakistan
RMS intends to acquire 87.96% of shares of Escort Investment Bank
Religious convictions and a conducive environment propel a surge of Islamic banking in the financial landscape of Pakistan
ISLAMABAD: Banks will now have to pay a 10 percent Super Tax if their earnings go beyond Rs. 300 million. The Federal...
ISLAMABAD: "The opening of the Islamabad branch of the Bank of China is another milestone in deepening financial and economic cooperation between...
KARACHI: The State Bank of Pakistan (SBP) has made the decision to maintain the policy rate at 22 percent. This announcement was...