Govt raises Rs2.4tr against target of Rs2.3tr as yields for all tenures decline

Participation in the auction was huge as bids totaling Rs4.6 trillion were received. 

SBP grants In-Principle Approvals (IPA) to five digital banks. Who are they?

All digital retail banks DRBs now have 12 months to get operationally ready.

In the midst of economic challenges, why is the banking sector thriving? 

The sector is expected to continue steady performance in the next half too. 

After UBL, Meezan Bank wants to establish an exchange company

It will be the fourth major commercial bank to operate a wholly owned exchange subsidiary

‘Unexpected’ decision: Why did SBP maintain the interest rate?

Does the central bank really expect inflation to decline significantly or has it accepted that rate hikes aren't effective?

Why is OPay International acquiring FINJA?

OPay claims it has received SBP approval

UBL is setting up its own exchange company. Here’s why. 

UBL’s Board of Directors greenlit the exchange company days after a major crackdown by the central bank.
Bank of Khyber

Why is the Bank of Khyber faltering?

Profitability takes a hit due to increase in policy rate, branch network expansion and power struggle within the management

How one of Pakistan’s oldest banks cleaned up its act

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

Mashreq set to commence digital banking in Pakistan

The commencement of operations is announced roughly even months following the bank's NOC approval for digital banking in Pakistan

Will Malik Riaz finally bid farewell to his banking stint?

RMS intends to acquire 87.96% of shares of Escort Investment Bank

The Islamic banking boom in Pakistan

Religious convictions and a conducive environment propel a surge of Islamic banking in the financial landscape of Pakistan

Banks to face 10% Super Tax on incomes over Rs300mn 

ISLAMABAD: Banks will now have to pay a 10 percent Super Tax if their earnings go beyond Rs. 300 million. The Federal...

Bank of China opens Islamabad branch

ISLAMABAD: "The opening of the Islamabad branch of the Bank of China is another milestone in deepening financial and economic cooperation between...

State Bank of Pakistan holds policy rate steady at 22pc 

KARACHI: The State Bank of Pakistan (SBP) has made the decision to maintain the policy rate at 22 percent. This announcement was...