SBP levies fines on 10 banks for regulatory violations
SBP has directed all implicated banks to promptly address the identified issues and conduct internal inquiries regarding regulatory violations
Banks continue process of establishing exchange companies
After Meezan Bank, Faysal Bank receives a certificate of incorporation from the SECP for its exchange subsidiary
Monetary Mayhem: Consequences of flushing the economy with money supply
SBP’s latest OMOs indicate towards the govt’s never-ending appetite for deficit financing through fresh money
Blowing hot and cold: banks and the government at loggerheads over windfall tax
Banks retaliate to 40% additional income tax on foreign exchange which could have generated a revenue of more than Rs 40 billion for the cash-strapped government
‘Shared e-KYC’ introduced for banks, as PBA and SBP move towards more open banking
The SBP has advised banks to join a shared e-KYC platform, which will use blockchain technology to store and share customers’ identity information across the banking industry
UBank’s strategy makes a sharp U-turn
Latest financials reveal UBank’s balance sheet shrinking at the same pace with which it grew
UBank puts speculations to rest with healthy Rs5bn equity
U Microfinance Bank releases long-awaited half-yearly report with 2022 figures restated
What in the world is happening at the Bank of Khyber?
After a long drawn out management reshuffle, some of the bank’s old management is facing anti-corruption references.
FBR gives Nov 30 deadline to banks for paying 40% extra tax on windfall income
The tax authority cites the Income Tax Ordinance to justify an additional tax on windfall profits or gains due to abnormal market conditions
SBP gives go-ahead to ASA Microfinance Bank to commence operations
The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance lending business nationwide.
The SBP said that...
Here’s why Pakistani bank account holders cannot donate to the Palestine embassy’s accounts
Bank Alfalah finds itself at the centre of a boycott campaign, that too for doing the right thing.
Meezan bank reports highest ever quarterly earnings
KARACHI: On October 19, Meezan Bank disclosed its financial report for the third quarter ending in September 2023. The numbers were nothing...
U Bank appoints new CEO as financial report delay lingers
Mohamed Essa Al Taheri replaces Kabeer Naqvi as the acting President and CEO of U Bank
Will Bank of Punjab’s lucrative offer be enough to attract dollars back into the banking system?
BoP is offering returns of up to 9% per annum on dollar term deposits, which are the same offered to those investing in Naya Pakistan Certificates.
Yes, deposits higher than Rs 0.5mn aren’t ‘protected’ and here’s why that’s not alarming
Despite the frenzy created by certain media reports, bank deposits above five lakh rupees are not, in fact, “unprotected.”