HBL Microfinance Bank

HBL approves equity investment of Rs6bn in its microfinance subsidiary 

Investment is fully aligned with all regulatory requirements and has received the nod from HBL’s shareholders

SECP issues certificate of incorporation to Bank of Punjab’s exchange company 

An application will be submitted to SBP for issuance of a license to commence operations of BOP Exchange (Private) Limited

SBP slaps over Rs775mn in fines on eight banks, one exchange company

Bank Alfalah faces highest fine of Rs187.652 million for violations in foreign exchange and general banking rules

Banking apps might get worse because of security concerns. How do you strike a balance?

Recent measures to enhance security have rendered mobile banking apps no longer convenient and accessible

Bank Alfalah intends to acquire 84.51% shares of Samba Bank

Saudi National Bank is the principal shareholder of Samba Bank Limited with 84.51%

After its own employees opposed an attempt to sell Samba Bank two years ago, the Saudi-owned bank is up for sale again. Will Bank...

UBL, Meezan Bank, Askari Bank, and Fatima Fertiliser among others had sought to buy the Samba. Will Bank Alfalah succeed where all of the others failed to close the deal?

SBP injects Rs1.58trn into market through Open Market Operations

Rs1.335 trillion was injected through reverse repo while Rs 250 billion through Shariah-based OMO 

In a management reshuffle Standard Chartered picks new investment banking heads for Pakistan, other regions

Rola Abu Manneh will oversee operations in Middle East and Pakistan

Could the textile sector take their bankers down with them?

High financing costs are impeding the ability of multiple sectors to maintain debt servicing.

SBP clears Muhammad Nassir Salim as President, CEO of HBL

Salim replaces Muhammad Aurangzeb after his exit from HBL

Bank Alfalah intends to acquire majority stake in Samba Bank

Eyes 84.51% of Samba Bank in nonbinding offer to its parent Saudi National Bank

SBP extends bank hours for tax collection on March 30-31

NIFT also advised to arrange special clearings on both days to ensure clearing and settlement of payment instruments

State Bank grants licences to two new exchange companies

MCB Exchange Company and HABIBMETRO Exchange Services allowed to commence operations

PSX to delist Bank Alfalah’s Term Finance Certificates 

Decision follows the final redemption of entire principal outstanding and payment of accrued profit 

Is the banking sector worse off after the recent macroeconomic developments?

The expectation of monetary easing not materialising is likely to put pressure on commercial banks' interest margins