Habib Metropolitan Modaraba Management Company (Private) Limited (HMMCL) and Habib Metro Modaraba (HMM) will merge operations to do business as… Read More
Pakistan Banks Association Opposes New Tax on Banks
Pakistan Banks Association (PBA) has urged the Federal Board of Revenue to avoid introducing additional or new taxes on the… Read More
SBP Launches Easy Data Portal Allowing Access to Economic Data Sets
The State Bank of Pakistan (SBP) has launched the Easy Data Portal which is accessible to all without any restrictions… Read More
Govt and SBP Support Islamic Banking in Pakistan
The policymaker and regulator threw their weight behind the Islamic banking sector, expressing their different viewpoints about the industry and… Read More
Interest-based Banking Should be Replaced by Shariah-compliant System: Mufti Taqi Usmani
Renowned Muslim Scholar Mufti Taqi Usmani has urged the Islamic banking professionals and other stakeholders of financial institutions to replace… Read More
Aleem Khan’s Park View Enclave Interested in Acquiring Silk Bank’s Majority Stake
Silk Bank has attracted the interest of Aleem Khan’s Park View Enclave for the acquisition of 51 percent of its… Read More
HEC to Launch Online Mechanism to Facilitate Cashless Payments
The Higher Education Commission (HEC) has signed a Memorandum of Understanding (MoU) with M/s 1LINK to launch an online/automated mechanism… Read More
All Roads Lead to IMF After Pakistan Gets ‘Cold Shoulder’ from Bond Markets
An agreement with the International Monetary Fund (IMF) is Pakistan’s only resort to obtaining funds as the global bond market and… Read More
SBP Extends Banking Hours for Tax Collection
In order to facilitate the collection of Government receipts/duties/taxes, it has been decided that the field offices of SBP Banking… Read More
SBP Injects Rs. 1.8 Trillion for 63 Days Through Open Market Operations
After a gap of three months, the State Bank of Pakistan (SBP) again conducts a 63-day Open Market Operation (OMO)… Read More
You Can’t Eat Imported Dairy Milk and Use Paris Fashion Products Now – Economic Postmortem
The government just introduced a ban on luxury imported items, a few of which are now becoming ‘necessities’, like Cadbury… Read More
HBL to Inject Rs. 1.4 Billion in Its Subsidiary
The management of Habib Bank Limited (HBL) has received a green signal from the State Bank of Pakistan for undertaking… Read More
Islamic Banking More Profitable Than Conventional Banking in Pakistan: Report
Conventional banks in the country lag behind Islamic banks on various fronts mainly on the major indicator of profitability. According… Read More
Sohail Malik Joins NBP as Group Head Digital Banking Unit
Sohail Malik, an experienced professional in digital transformation and banking, has been appointed as the Group Head of Digital Banking… Read More
SECP to Launch Takaful Tech for Revolutionizing Islamic Insurance Sector
The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders for increasing the volume of Takaful… Read More
