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...

Banking spreads surged to their highest levels since 2004

High-interest rate environment coupled with low-cost deposits and loan book repricing led to an increase in banking spreads

Cabinet approves appointment of Rehmat Ali Hasnie as President NBP for three years

ISLAMABAD: The Federal Cabinet has approved the appointment of Rehmat Ali Hasnie as permanent President of National Bank of Pakistan for three...

How much ‘more than a bank’ can a bank be?

HBL’s latest report shows that large organisations have the ability to do good and must start treating it as part of their duty

A Year of Surging Trends for the Banking sector

Despite its challenges and shortcomings, the banking sector remained financially stable

Finance Ministry proposes Rehmat Ali Hasnie as principal candidate for President NBP

ISLAMABAD: Finance ministry has proposed the name of Rehmat Ali Hasnie as the principal candidate for the post of the President of...

SBP designates UBL, HBL and NBP as D-SIBs for 2023

The designation bodes well for the banks themselves and helps create resiliency in the banking industry

Summit Bank  has a new name as it tries to leave the past behind

The name change comes after the bank’s acquisition by UAE-based investor Nasser Abdulla Hussain Lootah.

SBP’s Financial Stability Review 2022 paints dismal picture

Banking sector remains steady despite aggravating macroeconomic conditions, while microfinance banks struggle