Pakistan’s benchmark interest rate is currently trading blows at 11.89 percent as of January 10, 2025, according to latest data… Read More
Our Debt and Balance of Payments Are Under Control: SBP Governor
The State Bank of Pakistan (SBP) Governor Jameel Ahmed assured on Thursday that Pakistan’s debt level and balance of payments… Read More
Faysal Bank Wins Global Diversity, Equity & Inclusion Benchmark Awards 2025
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by Global Diversity, Equity & Inclusion Benchmark… Read More
NBP Approves Demerger Scheme for SME Bank
Shareholders of the National Bank of Pakistan (PSX: NBP) have approved a Scheme of Arrangement for the demerger of a… Read More
Bank Loans to Private Sector Skyrocket By Over 265%
Total bank loans to the private sector clocked in at Rs. 10.77 trillion in the current financial year 2024-25 from… Read More
Banking Sector’s ADR Improves to 51.8% in December 2024
Bank advances increased by Rs. 700 billion as of December 27, 2024, according to the latest data by the State… Read More
These Were the Major Developments in Pakistan’s Banking Sector in 2024
Pakistan’s banking sector maintained robust growth during 2024, experiencing a profitable trajectory, expansion in operations, and attractive returns on assets… Read More
UBL Arranges $300 Million Loan for Pakistan
United Bank Limited (UBL) has arranged and financed a USD 300 million short-term loan for the Government of Pakistan through… Read More
Govt Reverses Lending Tax on Banks But Hikes Corporate Tax to Collect Rs. 70 Billion
In a recent development, the Federal Cabinet has approved the promulgation of an Income Tax Ordinance to implement changes in… Read More
FBR to Block Both Current and Savings Accounts of Non-Filers
The Federal Board of Revenue (FBR) will now block the current and savings accounts of non-filers. Sources informed ProPakistani that… Read More
JS Bank Chair for Sustainable Finance and Fintech Launches Policy Briefs at BNU, Advancing Climate Finance Initiatives
The JS Chair for Sustainable Finance and Fintech at Beaconhouse National University (BNU) hosted the Policy Briefs Launch Event on… Read More
Cabinet Approves Tax Collection on Bank Profits of Additional Rs. 70 Billion
The federal cabinet has approved new revenue enhancement measure whereby authorities will now collect more tax on banks earning additional… Read More
