Despite challenges to the national economy and business climate, commercial banks in Pakistan continued to expand their assets. The balance… Read More
SBP Adds Two Banks in POS Acquiring System
The State Bank of Pakistan (SBP) has added two banks into the Point-of-Sale (POS) acquiring business, namely The Bank of… Read More
These Are the Top 10 Most Profitable Banks in Pakistan
The banking sector demonstrated an outstanding performance in 2023, achieving remarkable milestones that surpassed previous records. One of the key… Read More
Islamic Banking Industry Likely to Record 100% Profit Growth in 2023
As the results of the leading Islamic banks are made ready for full-year announcement, the profitability of the Islamic banking… Read More
Asset Management Companies’ Funds Cross Rs. 2 Trillion for First Time
Asset Management Companies (AMCs) in Pakistan continued to attract inflows of funds from individual investors and corporations, which surged to… Read More
Major Developments in Pakistan’s Fintech Landscape During 2023
Fintech operators with innovative services continue to thrive, including sustainability in the expansion of business on the ground and on… Read More
Here’s What Happened in Pakistan’s Microfinance Sector in 2023
The microfinance sector in Pakistan maintained a recovery mode from losses to profitability as major banks suffered huge losses after… Read More
SBP Issues Draft Guidelines for Regulatory Sandboxes
As part of its 5-year strategic plans, the State Bank of Pakistan (SBP) initiated its efforts to set up regulatory… Read More
SBP Plans to Build Regulatory Sandboxes and Innovation Offices
In order to promote digital banking and technological solutions in the banking and financial sector, the State Bank of Pakistan… Read More
Egyptian Digital Payment Provider to Acquire Advans Pakistan Microfinance Bank
MNT Halan, Egypt’s leading fintech player, is all set to acquire the operations of Advans Microfinance Bank as the State… Read More
SBP Forecasts GDP Growth Rate to Settle Between 2 to 3% in FY24
The State Bank of Pakistan (SBP) has projected that the GDP growth rate will settle between 2 and 3 percent… Read More
Bank Deposits Surge to Rs. 26.3 Trillion in September 2023
The deposits of the banking sector showed persistent growth of 15 percent year-on-year (YoY), clocking in at Rs. 26.3 trillion,… Read More