National Bank of Pakistan (NBP) and Bank of Punjab (BoP), the two public sector banks, could not sustain growth in… Read More
Selected Bank Branches to Remain Operational on May 27
Commercial and microfinance banks will operate their selected branches on May 27 in order to ensure the availability of limited… Read More
Standard Chartered Records Unprecedented Profit Growth During COVID-19 Pandemic
Standard Chartered Bank has recorded stellar financial performance in the first quarter of 2020 registering a growth of 53 percent… Read More
U Microfinance Bank’s Profit Dives 53% in 2019
U Microfinance Bank has recorded a steep decline in its profitability by 53% year-on-year in 2019. According to the financial… Read More
Moody’s Places Five Major Pakistani Banks’ Ratings Under Review
Moody’s Investors Service (Moody’s) has placed five Pakistani banks’ ratings under review for a downgrade. The company has placed the… Read More
Faysal Bank Reports 29% Profit Growth in Q1 2020
Faysal Bank Limited has reported handsome profit growth of 29 percent in the first quarter of 2020 compared with Q1… Read More
Mobilink Microfinance Bank Records Its Highest Profit Ever
Mobilink Microfinance Bank has recorded double-digit growth of 12% year-on-year in 2019 with a handsome increase in its values of… Read More
SBP Further Enhances Financing Limits of Rozgar Scheme
State Bank of Pakistan (SBP) has further enhanced the financing limits and scope of its largely appreciated relief scheme which… Read More
Banks Will Prevent 850,000 Workers From Layoffs During The Coronavirus Lockdown
The number of companies seeking a bailout from financial banks is on the rise in Pakistan which will save jobs… Read More
Shahzad Dada To Replace Sima Kamil As CEO UBL
Shahzad Dada has been appointed as the CEO and President of United Bank Limited (UBL). He will take his charge… Read More
Meezan Bank Records Unmatched Profit Growth During the COVID-19 Pandemic
Meezan Bank recorded a handsome growth of 62 percent year-on-year in the first quarter of 2020. According to the financial… Read More
Banks To Get Rs. 30 Billion Credit Risk-Sharing Facility For SME Financing
Ministry of Finance and State Bank of Pakistan have introduced a risk-sharing mechanism to support bank loans for SMEs, allowing… Read More
CEO Shahzad Dada Resigns From Standard Chartered Bank
Shahzad Dada President and CEO Standard Chartered Bank surprised the banking industry with the news of stepping down from his… Read More
SBP Allows Banks to Use Quarantined Cash Collected From Hospitals
The State Bank of Pakistan has asked all banks to use quarantined cash that has completed the 14 days quarantine… Read More
No Fresh Currency Notes on Eid This Year: State Bank
State Bank of Pakistan (SBP) will not issue any fresh currency notes, worth billions of rupees for the general public… Read More
