The present government is aiming to introduce reforms in the banking sector through finance supplementary bill to enhance the economic… Read More
Dubai Islamic Bank To Raise Rs. 3 Billion Through Tier-1 Sukuk
Dubai Islamic Bank Pakistan Limited (DIBPL) is set to raise Rs. 3 billion through Additional Tier 1 Sukuk under Mudarabah… Read More
Govt to End Withholding Tax for Return Filers on Non-Cash Transactions
The federal government has assured the business community that it will abolish withholding tax (WHT) on banking transactions for income… Read More
Current Account Deficit Shrinks by 4.4% in First Half of Fiscal Year 2019
The current account deficit reduced by 4.4 percent during the period of July to December 2018 compared with the corresponding… Read More
Allied Bank Upgrades its Bahrain Operations
Allied Bank Limited has booked a provision expense of Rs. 13.3 million in its Bahrain’s operation mainly to adopt the… Read More
Muhammad Aurangzeb Elected As Chairman of Pakistan Banks’ Association
Muhammad Aurangzeb, President and CEO Habib Bank Limited, has been elected as the Chairman of Pakistan Banks’ Association (PBA). He… Read More
SBP To Launch a Web Portal & Helpline to Promote Financial Literacy
State Bank of Pakistan (SBP) will launch a dedicated website and helpline service for the public in order to promote… Read More
Rizwan Ata Moves to Bank Islami
Rizwan Ata, a big name in the Islamic banking industry, has moved to Bank Islami to head its important commercial… Read More
Bank Deposits Reach an All-Time High of Rs. 13.3 Trillion in 2018
More money is coming from the public towards banks as the deposits of the banking industry have reached all-time high… Read More
SBP Wins Global Award For Promoting Islamic Finance
State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for… Read More
Bank Alfalah Under Fire for Sexist Policies
Bank Alfalah has been grilled on social media for what people called were the ‘sexist policies’ from one of Pakistan’s… Read More
Faysal Bank Has Converted Half of Its Operations to Islamic Banking
Faysal Bank has converted 50 percent of its conventional banking operations into Islamic mode in line with its transformation plan… Read More
