The Credit Rating agency, Moody’s, has stated that Islamic banking in Pakistan has a substantial growth potential as around 80… Read More
Islamic Banking Reports Profit-Before-Tax of Over 110%
Islamic Banking Industry (IBI) has made a tremendous stride this year with the growth of profit-before-tax recorded over 100 percent… Read More
Allied Bank Receives PCI – DSS 3.2.1 Certificate of Compliance
Allied Bank Limited has achieved the PCI-DSS (Payment Card Industry Data Security Standard) v3.2.1 certification. The PCI-DSS certification shows that… Read More
Pakistan Investment Conference 2019 Concludes With Decision to Enhance Bilateral Ties Between Pakistan & US
The 4th annual Pakistan Investment Conference wrapped up after wide-ranging discussions on the enhancement of bilateral trade ties between Pakistan… Read More
Banks’ Non-Performing Loans Surge to Rs 782 Billion
Increasing interest rates, a slowdown in the economy and poor utilization of loans have translated into high Non-Performing Loans (NPLs)… Read More
Plastic Money Users in Pakistan Cross the 42 Million Mark
The use of plastic money has been on the rise in Pakistan with increasing awareness among the public. Banks’ continuous… Read More
Russian ExpoBank Interested in Investing in Pakistan Electric Vehicles Market
Igor Vladimirovich Kim, Chairman of ExpoBank, a leading Russian investment bank, expressed keen interest to invest in Pakistan’s Financial Sector.… Read More
Faysal Bank Partners With Ripple for Instant Cross Border Remittances
Faysal Bank Limited (FBL) is introducing a digital solution for its customers by partnering with Ripple, a globally recognized company… Read More
SBP Slams Penalties of Over Rs. 800 Million on 10 Commercial Banks
State Bank of Pakistan (SBP) has continued taking strict actions in the financial sector by slamming penalties of over Rs.… Read More
Bank Financing for Housing Sector Surges to Over Rs. 100 Billion
The banks’ contribution to the development of housing and construction sectors has increased in the country as the size of… Read More
Farid Ahmed Khan Takes Charge as the New CEO of Finca Microfinance Bank Pakistan
Farid Ahmed Khan, a prominent corporate leader, fund manager, and investment banker, has been appointed as the new Chief Executive… Read More
Mobile & Internet Banking on the Rise in Pakistan: SBP
Mobile phone banking users are on the rise in Pakistan as more than 5 million users have been registered until… Read More
Soneri Bank Announces Half Year Results for 2019
Soneri bank posted a Profit after tax (PAT) of Rs. 975 million for the half-year ended 30 June 2019 as… Read More
National Bank Posts Highest Revenues in Industry for H1 2019
The meeting of the Board of Directors (BoD) of National Bank of Pakistan was held yesterday at the bank’s Head… Read More
Standard Chartered Shows a Remarkable 39% Profit Growth in H1 2019
Standard Chartered Bank showed outstanding financial performance in the first half of 2019, recording profit growth of 39 percent year-on-year.… Read More
