Bank Alfalah, a leading commercial bank in Pakistan, has been honoured by Pakistan Banking Awards (PBA) with two prestigious accolades:… Read More
SBP Governor Urges Banks to Embrace Tech And Close Gap to Agriculture, SMEs
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, advised financial institutions to continue striving for excellence and collaborate… Read More
SBP Orders to Enable RAAST Payments in Online Shopping Stores
The State Bank of Pakistan (SBP) has directed banks and financial institutions to enable RAAST payment system in e-commerce and… Read More
MCB Islamic Bank Wins Global Award for Best Emerging Islamic Retail Bank in Pakistan 2024
MCB Islamic Bank Ltd. is proud to announce its recognition as the “Best Emerging Islamic Retail Bank in Pakistan 2024”… Read More
Islamic Banks’ Profits to Come Under Pressure Due to New SBP Requirements
In a recent directive issued by the State Bank of Pakistan (SBP), IFPD Circular No. 09 of 2024, the profit-sharing… Read More
Faysal Bank Wins Top Awards at IRBA 2024
Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, received two prestigious awards at the 10th Islamic Retail Banking Awards, securing… Read More
Cybercrime Poses Biggest Threat to Pakistani Banks: Survey
A PwC Pakistan survey has determined that 90 percent of bankers think cybercrime is the biggest challenge facing the banking… Read More
SBP Removes Minimum Profit Rate Requirement From These Deposits
The State Bank of Pakistan (SBP) has exempted certain types of deposits from the Minimum Profit Rate requirement specified in… Read More
Islamic Banks to Pay 75% of Gross Yield as Profit on Savings: SBP
The State Bank of Pakistan (SBP) has decided that Islamic Banking Institutions (IBIs) shall pay profit on their PKR saving… Read More
New SBP Guidelines Restrict Shariah Board Members to Single Islamic Bank
State Bank of Pakistan (SBP) has revised the terms and conditions for the appointment of Shariah scholars for Islamic banks… Read More
Ex-Bank Manager Who Stole From a Beggar Gets Bailed
The Sindh High Court (SHC) has granted bail to a former commercial bank manager accused of stealing Rs. 1 million… Read More
Banks Achieve 44% Gross ADR in Race to Avoid Paying Additional Govt Taxes
The Banking Sector’s Gross Advance to Deposit Ratio (ADR) has now increased to 44 percent as of October 25, 2024,… Read More
