The Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium term, driven by strong… Read More
SBP Allows DFIs to Participate in Open Market Operations
The State Bank of Pakistan (SBP) has decided to allow Development Finance Institutions (DFIs) to participate in Open Market Operations… Read More
Roshan Digital Account Inflows Drop to $189 Million in May
The inflows under Roshan Digital Account witnessed a lukewarm response in May with inflows standing at $189 million — a… Read More
HMMCL and Habib Metro Modaraba to Merge Operations to do Business as One Entity
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
