The State Bank of Pakistan has granted its consent to Summit Bank Limited (PSX: SMBL) to change the bank’s name… Read More
HBL to Establish Special Subsidiary for Agriculture
Habib Bank Limited (HBL) has received authorization from the State Bank of Pakistan (SBP) to establish a special subsidiary for… Read More
FBL Appoints New Chairman of the Board of Directors
Mian Mohammad Younis has been appointed as the Chairman of the Board of Directors Faysal Bank Limited, in its board… Read More
Govt Halts Financing Scheme for Renewable Energy
The federal government has halted financing under the Renewable Energy Refinancing Scheme which was introduced to address the challenges of… Read More
Syed Amir Ali to Take Over As CEO and President of Meezan Bank in 2025
The board of directors appointed Syed Amir Ali as the Deputy President and Deputy CEO of Meezan Bank. He will… Read More
Banks Ordered to Arrange Dollars Before LCs Opening
Banks have been asked to arrange US dollars before opening letters of credit (LCs) to allow for a 25 percent… Read More
SBP Plans To Launch RAAST-Like System For Overseas Pakistanis
The State Bank of Pakistan (SBP) is actively working towards launching a cross-border payment system, akin to RAAST, aimed at… Read More
National Bank of Pakistan Selects PTCL for Managed Data Centre Hosting
Pakistan Telecommunication Company Limited (PTCL) and National Bank of Pakistan Limited (NBP) have signed an agreement to provide primary Data… Read More
Bank of Punjab Acquires FPJM Subsidiary for Rs. 85.48 Million
First Punjab Modaraba (PSX: FPJM) has sold its 100 percent shareholding in wholly-owned Punjab Capital Securities (Private) Limited to The… Read More
BankIslami Pakistan Achieves AA- Rating, Solidifying Its Position as a Leading Financial Institution
BankIslami, Pakistan’s leading Islamic bank, is delighted to announce that it has been upgraded to an AA- rating. This prestigious… Read More
FIA Unearths Huge National Bank Pension Fraud
A huge fraud has surfaced in the monthly pension of National Bank of Pakistan (NBP) pensioners, well-informed sources told ProPakistani.… Read More
Mr. Kabeer Naqvi Appointed as Chairman Pakistan Microfinance Network (PMN)
The Pakistan Microfinance Network (PMN) is pleased to announce the appointment of its newly elected Chairman, Mr. Kabeer Naqvi. Mr.… Read More
