Zia Ijaz appointed as President, CEO of Askari Bank Limited
Appointment subject to SBP clearance; Saleem Anwar to continue as Acting CEO
TPL Corp, Abhi completes acquisition of majority stake in FINCA Microfinance Bank
Under the agreement, TPL will acquire 33.17%, while ABHI will hold a majority stake of 61.61% in FINCA
SBP revises financial reporting guidelines for banks, DFIs and MFBs
Updates cover modification accounting, Islamic banking standards, and general provisions
PTCL Group injects $15 million into U Bank for Islamic banking and digital growth
Investment aims to transform microfinance and expand Sharia-compliant services
Bank Makramah files Rs10bn settlement case for loan recovery from Omni Group
Bank says non-performing loans are owed by various firms of Omni Group and its affiliated entities and will be recoverable under the agreed terms of settlement
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