ISLAMABAD: The State Bank of Pakistan (SBP) has agreed in principle to legalise digital currencies, with a formal regulatory framework currently being developed. This was disclosed by Acting Deputy Governor Dr. Inayat Hussain during a briefing to the Senate Standing Committee on Finance and Revenue on Wednesday. The meeting, chaired by Senator Saleem Mandviwalla, discussed […]
Islamabad, September 3 — The Senate Standing Committee on Finance and Revenue has recommended placing the proposed Virtual Assets Authority under the Finance Division instead of the Cabinet Division, citing the specialized nature of its functions. The recommendation came during a committee meeting held at the Parliament House on Wednesday, chaired by Senator Saleem Mandviwalla. […]
Karachi, September 2, 2025: The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant advancement in enabling secure, instant fund transfers for investors. This strategic integration, supported by Catalyst IT Solutions, furthers CDC’s mission to drive digitalization, transparency, and operational efficiency across Pakistan’s capital market. A […]
Peshawar, August 28, 2025 — The Bank of Khyber (BoK) is delighted to announce a remarkable leap in its financial performance, reflecting the Bank’s robust business momentum, strong governance, and unwavering commitment to value creation for its stakeholders. For the half year ended June 30, 2025, BoK achieved a Profit Before Tax (PBT) of Rs. […]
Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has issued a directive requiring its licensed entities to adopt concrete measures for promoting Shariah-compliant intermediary services, in line with the constitutional mandate to gradually eliminate riba from the financial sector. Under the new framework, Shariah-compliant institutional investors regulated by SECP – including takaful operators, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified a standard format of Board resolution for corporate account opening by companies. The SECP has issued the new resolution for companies through a circular number 22 of 2025 on Friday. According to the SECP’s circular, in exercise of the powers conferred under Section 510 […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an investment finance services license to Foremost Financial Services Private Ltd to operate as a Non-Banking Finance Company (NBFC). Concurrently, Instant Finance Private Limited was granted prior permission to register as an NBFC under the applicable regulatory framework. The swift and timely processing of […]
KARACHI: The State Bank of Pakistan (SBP) has designated National Bank of Pakistan (NBP), United Bank Limited (UBL), and Habib Bank Limited (HBL) as Domestic Systemically Important Banks (D-SIBs) for 2025, following its annual assessment under the D-SIBs framework. The central bank said the classification is based on banks’ size, interconnectedness, substitutability, and complexity as […]
Karachi: Banks listed on the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index recorded their highest-ever half-year profitability in the first six months of 2025, according to a report released by Arif Habib Limited on Friday. The listed banks posted a combined profit after tax (PAT) of Rs326 billion (USD 1.16 billion) in 1HCY25, reflecting a […]
The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met yesterday to approve the interim condensed financial statements of the Bank for the half-year ended June 30, 2025. Delivering another period of strong performance, the Bank reported a total income of PKR 157.1 Bn, reflecting an increase of PKR 58 Bn or […]