In a bid to strengthen security measures, the State Bank of Pakistan (SBP) has issued new directives to all commercial and microfinance banks, urging them to upgrade their security and surveillance operations within and around branch premises and ATMs. The central bank’s move is part of efforts to enhance public safety and assist law enforcement…
Mehvish Muneera Ismail has joined as Head of Legal and Designated Company Secretary – Executive Vice President- at Habib Metropolitan Bank Ltd.! We’re excited to share that Mehvish Muneera has taken the helm as Head of Legal & Designated Company Secretary – Executive Vice President- at HabibMetro. Recipient of Pakistan’s 1st Women in Law Awards…
In a significant move aimed at enhancing credit access, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit from Rs. 180 million to Rs. 300 million. This change, effective immediately, comes as part of the SBP’s broader efforts to support financial sector stability and growth. The enhancement is part of the…
The State Bank of Pakistan (SBP) has significantly enhanced the financing limits for Small and Medium Enterprises (SMEs), enabling them to avail loans of up to Rs. 500 million. This initiative is part of the central bank’s ongoing efforts to bolster the SME sector, which plays a vital role in Pakistan’s economic growth. According to…
Governor SBP Jameel Ahmad Highlights Importance of Innovation in Banking at the 13th Bank of the Future Forum KARACHI – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), emphasized the critical role of innovation in driving Pakistan’s economic growth, during his keynote address at the 13th Bank of the Future Forum (BoFF), organized…
In a significant move aimed at accelerating the transition of conventional banking to Islamic banking, the State Bank of Pakistan (SBP) has revised the criteria for converting conventional banking branches into Islamic banking branches. This step aligns with the Federal Sharia Court’s directive to eliminate interest-based banking in the country and is part of the…
KARACHI, September 25, 2024 – Faysal Bank Limited (FBL) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under IFC’s Global Trade Finance Program (GTFP). This collaboration marks a significant step forward in enhancing FBL’s trade finance capabilities, as both institutions explore the establishment of a…
Karachi: The National Bank of Pakistan (NBP) has introduced a new service, “NBP Cash N Gold,” designed to offer customers fast and convenient access to loans by leveraging the value of their gold assets. This innovative service enables individuals to borrow up to 70% of the assessed value of their gold, providing an efficient solution…
In a significant move aimed at stabilizing the open market, the State Bank of Pakistan (SBP) has extended the permission granted to exchange companies to import US dollars until June 30, 2025. This extension follows the earlier directive that was set to expire in June 2024. The central bank referred to its prior instructions outlined…
Karachi, Pakistan – TPL Maps, Pakistan’s leading location-based services provider, has announced a strategic partnership with United Bank Limited (UBL), one of the country’s largest financial institutions, to drive innovation and optimize digital banking operations. This collaboration marks a significant step in both organizations’ efforts to empower businesses with cutting-edge technology and accelerate Pakistan’s digital…
