SBP is set to make a profit of more than a trillion. But How?
SBP’ profits ride high with prevailing high interest rates coupled with outstanding Repurchase borrowing levels
Two International banks surrender their primary dealer license in FY24
The number of primary dealers drops from 12 to 10 in the recent appointment
Has UBank cracked the code to making a microfinance bank profitable?
Unlike its fledgling competitors, Ubank has adopted a strategy of trying to operate like a conventional bank with a microfinance banking licence in tandem with clever risk management. WIll it stand the test of time?
JPMorgan cuts nearly 40 investment bankers in US
JPMorgan Chase & Co (JPM.N) is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.
The reductions...
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