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
Govt Launches 1-Year Sukuk for the First Time
The government through the Ministry of Finance has launched the auction of the first-ever 1-year tenure sovereign domestic Ijarah Sukuk… Read More
Monthly Remittances Drop Bellow $2 Billion, Lowest Since April 2020
Pakistan’s economy remains in a challenging and sensitive stage on various fronts. Another piece of bad news has emerged as… Read More
MCB Bank Posts Highest-Ever Profit
MCB Bank has posted its highest-ever profit of Rs. 32.7 billion in 2022 with a growth of 6.3 percent from… Read More
