Bank of England set to raise rates to 4.75% as inflation slow to fall
The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June...
Why did FINCA and Apna MFB decide to kill a merger plan between the two?
Due diligence revealed that the merger might not be beneficial for the organisation nor its customers
China’s biggest state banks cut deposit rates
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pressure on profit...
India’s c. bank holds rates but signals tight monetary policy ahead
India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled...
What is the reason behind the PKR’s sudden surge in the open market?
The open market rate of the PKR dropped by Rs 27 next to the US dollar
SBP says banks did “nothing illegal” but still showed “irresponsibility” in exchange rate manipulation inquiry
The SBP had launched the inquiry back in September 2022 to investigate whether banks had illegally profiteered off the exchange rate being left to float freely.
SilkBank’s list of wooers grows as MCB throws its hat in the ring
This is the fourth party that has shown an interest in acquiring SilkBank in the past few months
National Savings to launch Shariah-compliant products for investors: Ishaq Dar
“Islamic financing grew by 29% in Pakistan, in 2022,” Dar says
Mudassar Aqil is leaving Telenor Microfinance Bank (EasyPaisa), but what is he leaving behind?
After putting the business on a profitable path, Aqil bids farewell to one of the largest microfinance institutions in the country
Pakistan ranks 145 out of 150 in terms of implementation of Islamic financial system
Dedicated Islamic finance law in the works at SECP, Head of SECP Islamic Finance says
Senate finance committee directs SBP to prohibit cryptocurrency in Pakistan
Committee calls the exchange medium a “total fraud” and says it should never be legalised in Pakistan
Taxing cash withdrawals will be last nail in coffin of sinking economy: Atif Ikram
ISLAMABAD: Former Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh on Wednesday said the failed...
UBS flags $17 billion hit from Credit Suisse takeover
UBS Group AG (UBSG.S) expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG (CSGN.S), the bank said...
Tax on cash withdrawal to make a comeback in new fiscal year
Reform and Revenue Mobilisation Commission (RRMC) has proposed the revival of withholding tax on cash withdrawal and banking transactions and the elimination of physical dollars from the economy
Pretty outside, ugly inside: How Pakistani banks window dressed their books to avoid new taxes
Government orders banks to either start lending to the private sector or pay higher taxes. Banks do neither, in the process set many new records, and yet get away with it