Why is OPay International acquiring FINJA?
OPay claims it has received SBP approval
UBL is setting up its own exchange company. Here’s why.Â
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
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 Rs300mnÂ
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 22pcÂ
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...