Paper based transactions decline in volume for the second consecutive year
Retail payments hit 6.4 billion transactions in FY24, fueled by mobile banking, Raast, and a shift toward digital convenience
The State Bank’s Treasury Bill buyback: smart move, or money printing by another name?
The house is divided on the repurchase transactions as some call it a confidence boosting measure while it is business as usual for others
Has PKIC’s interest rate arbitrage finally ended?
Pakistan’s largest DFI has had an underwhelming 2024 so far as its investment strategy backfires
Are Islamic Banks taking their customers for a ride?
Senate Committee grills SBP on Islamic banking practices amid soaring profits and record interest rates
Banking sector grows by 11.5% in H1CY24
Deposits increased by 11.7 percent in H1CY24 with a major impetus from savings and current deposits
Ikramullah Khan appointed as Chairman of Bank of Khyber
New Chairman will take over the role from Syed Imtiaz Hussain Shah
Visa aims for 10-fold rise in Pakistani use of digital payments
Strategy involves transforming phones into payment instruments and accepting various forms of payment, including QR and card tap
JS Bank approves establishment of currency exchange company and REIT investment
Board also confirms new director appointments, subject to regulatory approvals
Askari Currency Exchange receives license from SBP to commence operationsÂ
Development follows the issuance of a certificate of incorporation by SECP on April 19, 2024
Bank Alfalah receives offer from Sri Lanka’s HNB for Bangladesh operations
Board approves initial offer, awaits regulatory approvals from Pakistan and Bangladesh central banks
SBP injects Rs966.5 billion into financial system through OMOs
Rs816.5 billion was injected through reverse repo OMO, Rs150 billion via Shariah-compliant Mudarabah-based OMO
Global banks revive tech spending, offering hope to Indian IT sector
Renewed investment in technology by major banks boosts outlook for India's $254 billion IT industry, particularly in BFSI sector.
Apna Bank proposes Rs. 7.5 billion capital increase and new share issuance
Board seeks shareholder and SECP approval for major financial expansion
Can the government finally seal the deal on the privatisation of FWBL?
Founded in 1989, the bank has been up for sale before. This time with the IMF watching, how will things be different?
Govt to issue debit cards for public sector enterprises to streamline cash management
Move aims to address petty cash issues, promote formal banking channels and shut down informal channels like Hawala and Hundi