In order to pay off the circular debt, the federal government has issued the first Pakistan Energy Sukuk of Rs.… Read More
Pakistan’s Islamic Banks To Adopt New Global Standards of Shariah Financing
Pakistani Islamic banks will adopt new standards of Shariah financing in their operations and businesses designed by an international body… Read More
Govt Might Withdraw 4% Super Tax Levied on Banks for 2018
The federal government is considering withdrawing the 4% supertax imposed on banking companies for the tax year 2018. The banks… Read More
BankIslami Profits Drop by 86% in 2018
BankIsalmi and its new management witnessed a tough year as the bank’s profit nosedived by 8% in 2018 compared to… Read More
SBP Allows Banks to Open Account for Afghan Refugees
State Bank of Pakistan (SBP) has allowed commercial banks to open account of Afghan refugees having valid Proof of Registration… Read More
UBL to Sell Its Tanzanian Business to Exim Bank
United Bank Limited has announced plans to sell off its operations and business in Tanzania to Exim Bank. The two… Read More
Standard Chartered Bank Records Highest Ever Profit in 2018
Standard Chartered Bank has made its highest ever profit of Rs. 11.2 billion in 2018, showing an outstanding financial performance… Read More
Telenor Microfinance Bank Appoints Aslam Hayat as Acting CEO
The Board of Directors of Telenor Microfinance Bank has appointed Aslam Hayat as acting CEO, following the resignation of Shahid… Read More
SECP to Focus on Structural Reforms and Market Development of Insurance Sector
The insurance industry is changing in response to a wide range of social, technological and global economic forces. The last… Read More
NBP Launches Contactless Debit Cards Powered by UnionPay
National Bank of Pakistan (NBP) has launched the next generation payment system, including Mobile Banking App and EMV/Contactless Debit Cards powered… Read More
SBP Announces Ideathon for Tech-Based Fintech Startups
State Bank of Pakistan (SBP) has come up with its own Ideathon for fintech startups, aimed at promoting innovative ideas… Read More
SBP Launches Shariah Complaint Financing Facilities for SMEs & Agriculture Sector
State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide a level playing field… Read More
