The State Bank of Pakistan (SBP) has decided to extend the interbank settlement of card-based cross-border transactions by another five… Read More
SBP Changes Deadline for Reporting Foreign Currency Deposits
The State Bank of Pakistan (SBP) has extended the deadline for reporting monthly statistics on foreign currency deposits and their… Read More
State Bank Slaps Rs. 350 Million Fine on 6 Banks
The State Bank of Pakistan (SBP) has imposed penalties of Rs. 350.7 million on six major commercial banks mainly for… Read More
HBL Posts Its Highest-Ever Half-Yearly Profit of Rs. 26.3 Billion
HBL has declared a consolidated profit after tax (PAT) of Rs. 26.33 billion for the half year ended June 30,… Read More
BankIslami Appoints Rizwan Ata As President and CEO
The board of directors has given a promotion to a senior member of the bank’s team by appointing Rizwan Ata… Read More
Banks to Remain Closed for 3 Days on Ashura
Banks will remain closed for three days as the Ashura holidays announced by the government have coincided with Sunday. “The… Read More
Revolutionizing the Digital Banking Landscape: UBL Spearheading Innovation in Pakistan
UBL’s unwavering commitment to utilizing cutting-edge technology is reshaping the face of banking, ushering in an era of seamless convenience… Read More
Bank Alfalah Launches #GreenWayForward by Planting 15,000 Mangrove Trees in Collaboration with WWF- Pakistan
Bank Alfalah has initiated a #GreenWayForward, a plantation drive with World Wide Fund for Nature Pakistan (WWF-Pakistan), a leading organisation… Read More
Avanza Group and AshreiTech Inc. Join Forces to Launch Avanza USA Inc. for the North American Market
Ashreitech Inc., a global technology enabler, and Avanza Group, a digital transformation and automation specialist, announced their strategic partnership and… Read More
SBP Designates Domestic Systemically Important Banks for 2023
The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2023 under the Framework for… Read More
UBL Posts Highest-Ever Half Yearly Profit of Rs. 27.5 Billion
United Bank Limited (UBL) cashed in on high-interest rates reporting a record-breaking profit growth of 126 percent in the first… Read More
Mobilink Bank Sets New Benchmarks in Women Empowerment and MSME Lending
Mobilink Bank achieved notable growth in Loan Disbursement and Gross Loan Portfolio (GLP) across two key segments, Women as well… Read More
