Dubai Islamic Bank Pakistan (DIBP) has issued a Sukuk worth Rs. 4 billion to strengthen its capitalization indicators under the… Read More
UBL Deposits Cross Rs. 1 Trillion Mark
United Bank Limited (UBL) has become the third bank in Pakistan with a deposits base of more than Rs. 1… Read More
Islamic Funds Are More Popular Than Conventional Ones in Pakistan
Islamic Pension Funds are more popular in Pakistan for the purpose of investments and savings when compared to conventional or… Read More
Govt to Borrow Rs. 3.75 Trillion from Banks in Next 3 Months
An amount of Rs 3.75 trillion will be borrowed by the government from the banking system in August-October, the State… Read More
NIB Bank Delisted from PSX
NIB Bank has been officially delisted from Pakistan Stock Exchange (PSX) along with its shares owned by shareholders. The delisting… Read More
Majority of Pakistanis Can Avail Digital Financial Services: Survey
A majority of Pakistanis could gain access to digital financial services as they meet the necessary criteria for it. They… Read More
Khushhali Microfinance Bank Boosts Core Banking Operations with Oracle
Khushhali Microfinance Bank Limited , one of the leading microfinance institutions in Pakistan, has selected Oracle Engineered Systems as part… Read More
Pakistan’s First Local Card Payment Scheme Gets Approval for Commercial Launch
Pakistanis will soon be able to use their own local card payment scheme, namely the PayPak. The State Bank of… Read More
Rupee Under Pressure as SBP Reserves Fall by $3.9 Billion
Despite having borrowed $4.4 billion from commercial banks in 2016-17, the reserves of State Bank of Pakistan (SBP) have declined… Read More
HBL Merges Its Kenyan Operations with Diamond Trust Bank
Habib Bank Limited (HBL) has merged its operations in Kenya into Diamond Trust Bank, Kenya. The move followed after receiving… Read More
All the Loan Govt Has Borrowed from Banks Revealed
The government has borrowed $1.5 billion from commercial banks in June, bringing the total to $4.367 billion under this head… Read More
Yousaf Hussain Appointed as CEO & President of Faysal Bank
Yousaf Hussain, has been appointed as CEO and President Faysal Bank for a period of three years by the Board… Read More
