The State Bank of Pakistan (SBP) has allowed REIT Management Companies (RMCs) to issue their units through private placements and… Read More
HBL Tops Consumer Complaint Chart 2nd Year in a Row
Customers of the banking sector received the highest-ever monetary relief of Rs. 974 million from the Bank Mohtasib Pakistan (BMP)… Read More
Banking Industry Deposits Reach Rs. 23 Trillion
The deposits in the banking industry have surged to a new height, reaching a level of Rs. 23 trillion by… Read More
These Were Pakistan’s Top Most Profitable Banks in 2022
Banks in Pakistan maintained handsome profitability growth mainly because of periodic increases in the policy rate by the State Bank… Read More
UBL Winds Up its Subsidiary in Switzerland
Pakistani banks continue to wind up their foreign operations with United Bank Limited (UBL) being the latest to close down… Read More
Banks’ Deposit Rate Surges to All-Time High
The minimum deposit rate (MDR) or profit rate offered to customers by different commercial banks surged to an all-time high… Read More
JS Bank to Acquire Stake in BankIslami Through Share Swap Agreeemnt
JS Bank has decided to acquire shares in BankIslami through a shares swap agreement with JS Global Limited and JS… Read More
HBL Set to Exit from Oman
Habib Bank Limited (HBL) is set to shut down its business of banking and financial services in the Sultanate of… Read More
Size of Pakistan’s Islamic Finance Services Industry Over $42 Billion: Report
The size of the Islamic finance services industry in Pakistan is estimated to have crossed $42 billion by the end… Read More
MCB Islamic Bank Appoints Zargham Khan Durrani As President & CEO
Zargham Khan Durrani has taken over charge as the President & CEO of MCB Islamic Bank effective from 21st February… Read More
UBL to Hire Retired Bankers as Senior Consultants
United Bank Limited (UBL) has planned to hire experienced and retired bankers as Senior Financial Consultants, who have vast experience… Read More
Standard Chartered Records All-Time High Profit
Standard Chartered Bank Pakistan maintained its profitable trajectory this year with an all-time high profit of Rs. 19.84 billion in… Read More
