SBP clears Muhammad Nassir Salim as President, CEO of HBL
Salim replaces Muhammad Aurangzeb after his exit from HBL
Bank Alfalah intends to acquire majority stake in Samba Bank
Eyes 84.51% of Samba Bank in nonbinding offer to its parent Saudi National Bank
SBP extends bank hours for tax collection on March 30-31
NIFT also advised to arrange special clearings on both days to ensure clearing and settlement of payment instruments
State Bank grants licences to two new exchange companies
MCB Exchange Company and HABIBMETRO Exchange Services allowed to commence operations
PSX to delist Bank Alfalah’s Term Finance CertificatesÂ
Decision follows the final redemption of entire principal outstanding and payment of accrued profitÂ
Is the banking sector worse off after the recent macroeconomic developments?
The expectation of monetary easing not materialising is likely to put pressure on commercial banks' interest margins
Bank Alfalah has pumped Rs 1.2 billion into its brokerage subsidiary. Why now?Â
The capital injection comes after Alfalah CLSA's equity turned negative due to a disastrous 2023
Standard Chartered is by far the most cost-efficient bank in Pakistan. But should this be celebrated?
While the bank has become cost-effective, it has come at the cost of stagnant growth in deposit mobilisation
Is MDR creating a two-tiered banking system?
Recent results show how the banking sector differs for different participants
No plan to change banknotes from paper to plastic: SBPÂ
Central bank categorically refutes the news about the issuance of polymer banknotes
SBP launches probe into circulation of misprinted currency notes
Karachi bank branch discovers defective currency; SBP assures public of rigorous security features
What lies ahead for Muhammad Aurangzeb?Â
The new finance minister faces the toughest negotiation of his career as he takes the driving seat.Â
In a remarkable act of national service, Muhammad Aurangzeb steps down as President & CEO – HBL
Muhammad Nassir Salim, currently the Chief Operating Officer of HBL will assume the responsibilities of President & CEO of the bankÂ
Moody’s changes outlook to stable for the banking sector
The view comes on the back of macro challenges which are expected to ease in the coming year
SBP injects Rs7.63trn into market through OMOs
Rs 7.51 trillion was injected through reverse repo, Rs 120.5 billion through modaraba-based OMO