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
Asset Value of Mutual Funds Soars 41% in 2022
Mutual Funds of various Asset Management Companies (AMCs) attracted over half a billion in investments during 2022 mainly due to… Read More
MCB Bank to Acquire 30% Additional Stake in Asset Management Company
MCB Bank is all set to acquire an additional 30 percent stake in its subsidiary, MCB-Arif Habib Savings and Investments… Read More
SBP Allows Systems Ltd Subsidiary to Start EasyPaisa-Like Wallet Services
The State Bank of Pakistan (SBP) has granted permission to EP Systems to commence its pilot operations within its domain… Read More
Summit Bank’s Shareholders Authorize Rs. 10 Billion Capital Injection
Summit Bank is set to bring stability to its financial management step by step, as the bank’s shareholders authorized the… Read More