Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance… Read More
SBP Announces Bank Holiday on December 25
The State Bank of Pakistan (SBP) announced that it will remain closed on Wednesday, 25 December 2024, on account of… Read More
Meezan Bank Shares Customer Cybersecurity Advisory After Denying Blames of Data Breach
Meezan Bank has issued a customer advisory addressing rumors circulating on social media about unauthorized charges on debit and credit… Read More
Faysal Bank Limited Launches Faysal Islami Remittance Agahi Programme to Enhance Legal Remittance Awareness
Faysal Bank Limited (FBL), one of the country’s leading Islamic banks, launched the “Faysal Islami Remittance Agahi Programme”, a nationwide… Read More
SBP Cuts Key Interest Rate for 5th Time in 5 Months
The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 200 basis points… Read More
Bank Depositors Surge Over 79 Million in Pakistan
Depositors of scheduled banks surged to over 79.2 million out of which more than 78 million are eligible depositors and… Read More
Islamic Banking Deposits Climb to Rs. 7.4 Trillion
The Deposit Protection Corporation (DPC) has announced the release of its fourth Annual Report for the fiscal year ended June… Read More
National Adoption of Digital Payments Will Create 4 Million Jobs, Add $263 Billion in Deposits: Report
The national adoption of digital payments could not only reduce the size of the informal and cash economy but it… Read More
Leading Islamic Banks Host AAOIFI Chairperson to Discuss Islamic Finance Standards
Islamic banks of Pakistan, hosted a gathering in honour of H.E. Shaikh Ebrahim Bin Khalifa Al-Khalifa, Chairman Board of Trustees… Read More
Banking Sector’s ADR Improves to 47.8% in November 2024
Bank advances increased by Rs. 1.1 trillion as of November 29, 2024, according to the latest data by the State… Read More
SBP Set to Launch New Platform for Investing Directly in Govt Securities
The State Bank of Pakistan (SBP) is set to launch a new platform, InvestPak, that will allow individuals and corporations… Read More
Nauman Chughtai Appointed President and CEO MCB Bank
MCB Bank Limited (PSX: MCB) has appointed Muhammad Nauman Chughtai as President & CEO of the Bank. “The existing term… Read More
