KARACHI: VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Faysal Bank Limited (‘FABL’ or the ‘Bank’) to ‘AA+/A1+’ (Double APlus/A One Plus) from ‘AA/A1+’ (Double A/A One Plus). Medium to long-term rating of ‘AA+’ indicates high credit quality; protection factors are strong. Risk is modest but may vary slightly from time to […]
The Bank of Punjab (BOP), one of Pakistan’s fastest-growing and digitally forward commercial banks, has entered into a strategic alliance with Surfin Meta Digital Technologies Pte Ltd, a Singapore-based global leader in embedded finance, AI-driven credit scoring, and merchant payment systems. The MoU outlines a framework to evaluate and potentially implement advanced digital banking solutions […]
Karachi – July 1, 2025: Bank customers across Pakistan are now facing higher fees when withdrawing cash from ATMs that do not belong to their own bank. Starting this month, the per-transaction fee for cash withdrawals at non-host ATMs has increased from Rs. 23.44 to Rs. 35.00—a jump of nearly 50 percent. Several commercial banks, […]
Bolormaa Amgaabazar is the new World Bank Country Director for Pakistan effective July 1. She is succeeding Najy Benhassine in this role, the lender said in a press release on Monday. “I am delighted to be appointed the World Bank’s new Country Director for Pakistan,” said Amgaabazar. “The World Bank and Pakistan have a long-standing […]
Meezan Bank Limited (PSX: MEBL) has hit a market capitalization of $2 billion at the Pakistan Stock Exchange (PSX). The milestone achieved by the bank was highlighted by Topline Securities CEO Mohammed Sohail in a post on LinkedIn. A proud moment for Pakistan’s Islamic banking sector as Meezan Bank hits a market capitalization of $2 […]
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 […]