FBR gives Nov 30 deadline to banks for paying 40% extra tax on windfall income
The tax authority cites the Income Tax Ordinance to justify an additional tax on windfall profits or gains due to abnormal market conditions
SBP gives go-ahead to ASA Microfinance Bank to commence operations
The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance lending business nationwide.
The SBP said that...
Here’s why Pakistani bank account holders cannot donate to the Palestine embassy’s accounts
Bank Alfalah finds itself at the centre of a boycott campaign, that too for doing the right thing.
Meezan bank reports highest ever quarterly earnings
KARACHI: On October 19, Meezan Bank disclosed its financial report for the third quarter ending in September 2023. The numbers were nothing...
U Bank appoints new CEO as financial report delay lingers
Mohamed Essa Al Taheri replaces Kabeer Naqvi as the acting President and CEO of U Bank
Will Bank of Punjab’s lucrative offer be enough to attract dollars back into the banking system?
BoP is offering returns of up to 9% per annum on dollar term deposits, which are the same offered to those investing in Naya Pakistan Certificates.
Yes, deposits higher than Rs 0.5mn aren’t ‘protected’ and here’s why that’s not alarming
Despite the frenzy created by certain media reports, bank deposits above five lakh rupees are not, in fact, “unprotected.”
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.
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