The govt is becoming increasingly sophisticated about debt management. Is it too little too late?
The 2024 fiscal numbers reveal a transient debt management strategy driven by enhanced liquidity. But eventual success rests on long term reforms and global economic conditions
UBL proposes merger with Silkbank, offers share swap deal
UBL offers to issue new ordinary shares to the shareholders of SilkbankÂ
Bank Makramah secures Rs5 billion investment to meet regulatory capital requirements
Abdulla Nasser Abdulla Hussain Lootah will provide capital to ensure compliance with State Bank's capital mandate
With new regulation and licences, what are the implications for branchless banking?
JazzCash and Easypaisa dominate branchless banking, but then why are they keen on gaining licences to be ‘digital banks’?
SBP injects Rs4.26trn through conventional, Shariah-Compliant OMOs
Major liquidity injection includes Rs23 billion under Shariah-compliant Mudarabah OMO
Paper based transactions decline in volume for the second consecutive year
Retail payments hit 6.4 billion transactions in FY24, fueled by mobile banking, Raast, and a shift toward digital convenience
The State Bank’s Treasury Bill buyback: smart move, or money printing by another name?
The house is divided on the repurchase transactions as some call it a confidence boosting measure while it is business as usual for others
Has PKIC’s interest rate arbitrage finally ended?
Pakistan’s largest DFI has had an underwhelming 2024 so far as its investment strategy backfires
Are Islamic Banks taking their customers for a ride?
Senate Committee grills SBP on Islamic banking practices amid soaring profits and record interest rates
Banking sector grows by 11.5% in H1CY24
Deposits increased by 11.7 percent in H1CY24 with a major impetus from savings and current deposits
Ikramullah Khan appointed as Chairman of Bank of Khyber
New Chairman will take over the role from Syed Imtiaz Hussain Shah
Visa aims for 10-fold rise in Pakistani use of digital payments
Strategy involves transforming phones into payment instruments and accepting various forms of payment, including QR and card tap
JS Bank approves establishment of currency exchange company and REIT investment
Board also confirms new director appointments, subject to regulatory approvals
Askari Currency Exchange receives license from SBP to commence operationsÂ
Development follows the issuance of a certificate of incorporation by SECP on April 19, 2024
Bank Alfalah receives offer from Sri Lanka’s HNB for Bangladesh operations
Board approves initial offer, awaits regulatory approvals from Pakistan and Bangladesh central banks