The State Bank of Pakistan (SBP) has directed all banks/MFBs to replace the requirement of one-time passwords (OTP) via SMS… Read More
Silkbank Board Approves Merger With UBL
The Board of Directors of Silkbank (PSX: SILK) has approved the amalgamation of the bank with and into United Bank… Read More
MCB Bank Partners with BPC to Strengthen Digital Security with AI-Powered SmartVista Fraud Risk Management Solution
MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to strengthen… Read More
Banking and ATMs Suffer Amid Internet Disruption, Creating Long Queues
Customers depositing money in banks are facing difficulties due to the recent internet disruptions following the anti-government protests in Islamabad.… Read More
UBL Gets Board Approval to Merge With Silkbank
The Board of Directors of United Bank Limited (PSX: UBL) in their 252nd meeting held on Monday approved the amalgamation… Read More
Banking Sector Advances Surge By Rs. 1.47 Trillion in October 2024
In order to avoid penalties from the banking regulator for failing the target Advance-to-Deposit ratio, banks have been aggressively lending… Read More
Bank Alfalah Won the Third Consecutive ‘Digital Excellence’ and the ‘Best Bank for Customer Engagement’ at the PBA 2024
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
