SBP introduces revised regulatory framework for exchange companies
New framework to strengthen governance, reporting, and IT requirements
Cabinet approves ordinance to raise bank tax rate to 44%, abolishing 15% additional levy
Move aims to recoup tax losses as government expects Rs65 billion before year-end
US Fed faces lawsuit from major banking organizations over annual stress tests
The groups criticize the current system for creating inconsistent and unexplained requirements on bank capital
Bank Makramah Limited, formerly Summit Bank, is restructuring again. What is different this time?
The bank is expected to receive another restructuring deal, but this is nothing new for the bank that is operating under its third name now. It might not be the cure
Banks edge closer to 50% ADR target to avoid tax penalty
Private sector lending hits record Rs1.35 trillion, exceeding the average for the last three years
Over 98% of depositors eligible for protection in case of bank failure: SBP
Deposit Protection Corporation fund reaches Rs148 billion, ensuring financial stability
SBP restructures banking supervision, launches cyber risk management department
New measures aim to enhance banking sector oversight and cybersecurity
Banking sector’s ADR increases to 47.8%, nearing year-end goal
Banks intensify efforts to meet 50% ADR threshold by offering short-term loans to affiliated companies and reliable corporate clients
MCB Bank appoints Muhammad Nauman Chughtai as new CEO and President
Chughtai to take charge as acting president upon Shoaib Mumtaz's term completion
Bank of England to cut rates to 3.5% by 2026, economists predict
Recent insights indicate potential interest rate reduction from the Bank of England as inflation worries loom large
SBP directs banks to replace OTP with TPIN for digital transactions
The measures aim to strengthen digital payment security
UBL CEO secures 6.39 million shares, strengthens personal stake in the bank
Total shareholding reaches 38.09 million, representing 3.11% of UBL
Banks lend Rs2.2tr to avoid incremental tax under ADR target
Private sector receives Rs997bn; NBFIs secure Rs1.1tr in 5 months
PM forms high-level committee to review tax on ADR and bank profits
Dar-led panel to assess fiscal framework, propose alternatives for ADR-related tax; report to be presented to PM by end of December
SBP injects Rs9.6 trillion via conventional, Shariah-based OMOs
Central bank accepts bids for 7-day tenor at returns of up to 15.10%