Karachi, Pakistan – July 25, 2025: BankIslami Pakistan Limited has announced that it has received a No Objection Certificate (NOC) from the State Bank of Pakistan (SBP) to establish a new exchange company under the name BIPL Exchange Company (Private) Limited. The development was disclosed in an official notice submitted by the bank to the […]
Karachi – July 23, 2025: The State Bank of Pakistan (SBP) on Tuesday issued the advance calendar for the Monetary Policy Committee (MPC) meetings for the fiscal year 2025-26 (FY26), in a move aimed at enhancing transparency and predictability in monetary policy decisions. In an official statement, the central bank announced that, in line with […]
KARACHI: Euromoney Awards for Excellence 2025 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won ‘Pakistan’s Best Bank for Large Corporates’ and ‘Pakistan’s Best Investment Bank’. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The […]
KARACHI – July 17, 2025 — United Bank Limited (UBL) has announced a significant move to enhance customer convenience by keeping selected branches open on Sundays as well. In a post shared across its official social media channels, UBL stated that these branches will now operate from 10:00 a.m. to 4:00 p.m. every Sunday, offering […]
The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its downward trajectory, clocking in at 38% as of June 2025. The banking sector’s ADR stood at 38.1% as of June 2025, down from 39.8% recorded in May 2025, reflecting a decrease of 172 basis points (bps), stated brokerage house Arif Habib Limited (AHL) on Tuesday. On […]
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has partnered with Smart1-Tech (Pvt.) Ltd., a fast-growing Fintech company focused on digital payments and acceptance solutions. This partnership aims to expand secure, cashless payment options for Micro, Small, and Medium Enterprises (MSMEs). This collaboration underscores FBL’s commitment to financial inclusion through Fintech partnerships, especially […]
Banking sector deposits increased by 14.1 percent year-on-year (YoY) in June 2025, according to the latest data from the State Bank of Pakistan. Banking deposits increased to Rs. 35.5 trillion as of June 2025 (June 2024: Rs. 31.1 trillion), while advances also increased by 8.7 percent YoY to Rs. 13.5 trillion during the same period […]
KARACHI: United Bank Limited (PSX: UBL) has declared an interim cash dividend of Rs8 per share, after posting a 106% year-on-year increase in its after-tax profit for the half-year ended June 30, 2025. The bank’s profit soared to Rs64.7 billion, up from Rs31.4 billion in the same period last year, driven by a significant rise […]
KARACHI: The State Bank of Pakistan (SBP) has announced the appointment of Primary Dealers (PDs) and Special Purpose Primary Dealers (SPDs) for the fiscal year 2025-26. Applications for the selection of PDs and SPDs were invited on May 7, 2025, from all eligible institutions under the relevant rules. After evaluating the applications in line with […]
Codebase Technologies enabling next-gen digital banking transformation in Pakistan with its Digibanc™ platform and expert advisory. Islamabad, Pakistan – July, 2025 – Pakistan’s financial services sector is undergoing a quiet revolution. With over 60% of the population under the age of 30 and smartphone penetration exceeding 50%, the country is on the brink of a […]