KARACHI: June 2025 — The State Bank of Pakistan (SBP) has announced a major technological shift in how government securities are traded and auctioned. In a recent circular, the central bank confirmed that all auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), including buyback auctions, will now be conducted through the upgraded […]
Karachi, Pakistan – June 24, 2025 — The National Bank of Pakistan (NBP) has rolled out a new financing initiative aimed at supporting the growth and sustainability of Small and Medium Enterprises (SMEs), with a special focus on flour mills operating across the country. As part of its broader mission to promote financial inclusion and […]
LAHORE: MCB Islamic Bank has been recognised as one of the best-performing banks in conducting activities related to the promotion of Islamic Banking and Finance for the year 2024–2025. The recognition was announced during the 5th ROC (Regional Oversight Committee) meeting held in Lahore. The performance award was presented to the Bank by Tariq Riaz, […]
KARACHI: Standard Chartered Bank Pakistan has launched an exciting new campaign titled, “Score Your Goals,” offering clients a once in a lifetime opportunity to watch Liverpool FC live at Anfield through a unique investment led reward programme. Running until 31st August 2025, the campaign invites clients to invest in selected wealth and insurance solutions including […]
Karachi, Pakistan – June 17, 2025: The State Bank of Pakistan (SBP) expects to post a profit of Rs. 2.4 trillion for the fiscal year 2024-25 (FY25), aligning with the federal government’s target. This substantial figure is attributed to elevated interest rates and significant exchange rate gains, according to SBP Governor Jameel Ahmed. Speaking at […]
Karachi, June 12, 2025 — The State Bank of Pakistan (SBP) has announced the introduction of new formats for the issuance of electronic Proceed Realization Certificates (ePRCs) and Statements of PRCs (S-PRCs), replacing the existing V-148 and V-149 formats. This change is part of the central bank’s ongoing efforts to modernize and streamline foreign exchange […]
KARACHI, June 12, 2025 — The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy decision on June 16, 2025, with a majority of market participants and analysts expecting the central bank to keep the policy rate unchanged, according to a poll conducted by Topline Securities. The brokerage house noted that 56 […]
Finance Minister Muhammad Aurangzeb presented the Federal Budget in the Parliament House today for the fiscal year 2025-26. The total federal budget outlay is Rs 17.6 trillion. Key Features: Tax on Dividend remained unchanged at 15 percent FED on the allotment or transfer of commercial and residential plots is proposed to be abolished (previously 3 […]
In a major leap toward financial inclusion and digital transformation, Codebase Technologies has successfully enabled the Pilot launch of Raqami Islamic Digital Bank, taking an important step toward becoming Pakistan’s first fully Shariah-compliant digital retail bank. This milestone marks a defining moment in the country’s financial sector evolution and aligns seamlessly with the State Bank […]
In a groundbreaking step toward intelligent banking, Bank AL Habib has partnered with C Square and wAI Industries to implement a next-generation customer experience (CX) transformation. The initiative is powered by Genesys Engage and Alara Conversational AI Agents, marking the first AI-driven contact center ecosystem in Pakistan. At the core of this transformation is a […]