Sindh High Court has stopped JS Group from acquiring majority shares of BankIslami till the next hearing. The AKD Investment… Read More
Banks’ Deposit Rate Surges to All-Time High
The minimum deposit rate (MDR) or profit rate offered to customers by different commercial banks surged to an all-time high… Read More
JS Bank to Acquire Stake in BankIslami Through Share Swap Agreeemnt
JS Bank has decided to acquire shares in BankIslami through a shares swap agreement with JS Global Limited and JS… Read More
Moody’s Downgrades Ratings of 5 Major Pakistani Banks
Moody’s Investors Service (Moody’s) has downgraded to Caa3 from Caa1 the long-term deposit ratings of five Pakistani banks: Allied Bank… Read More
BankIslami Posts Massive 108% Profit Growth in 2022
BankIslami Pakistan Limited (PSX: BIPL) announced its financial results for the year ended December 31, 2022, declaring a profit after… Read More
Bank of AJK Profit Increased by 110% During Last Year: CEO
The Bank of Azad Jammu and Kashmir has launched the ‘Excellence Customer Service Campaign’ to improve banking services to cater… Read More
State Bank Likely to Raise Interest Rate in Monetary Policy Committee’s Emergency Meeting
The State Bank of Pakistan (SBP) will push up its Monetary Policy Committee meeting to March 2nd, 2023, and raise… Read More
SBP Injects Rs. 1.8 Trillion into Market to Manage Liquidity
After a gap of just 4 days, the State Bank of Pakistan (SBP) again conducted an Open Market Operation (OMO)… Read More
SBP’s “Avant-Garde Digit” AI Division Will Improve Data Collection
The State Bank of Pakistan (SBP) has established a new division called Avant-Garde Digit to use artificial intelligence to innovate… Read More
Investment-to-Deposit Ratio Surges to 85% in January As Banks Seek Inflationary Cover
Banks’ investment-to-deposit ratio (IDR) surged by 12.5 percentage points to a new high of 85 percent in January 2023 as… 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
