Dubai Islamic Bank (DIB) Pakistan has partnered with Haball to launch a state-of-the-art digital supply chain financing solution designed to empower Small and Medium Enterprises (SMEs) across the Pakistan. This strategic collaboration aims to bridge the financing gap for SMEs, providing them with streamlined access to funds while driving financial inclusion in the country. The […]
Islamabad, Pakistan – Pakistan Telecommunication Company Limited (PTCL) Group, the parent company of U Microfinance Bank (U Bank), has announced a significant equity injection of PKR 4 billion (USD 15 million) into U Bank. This strategic investment aims to accelerate the bank’s growth in Islamic Banking services and drive digital innovation, reinforcing PTCL Group’s unwavering […]
His Excellency Ambassador Mr. Naveed Safdar Bokhari served as the Chief Guest at the award ceremony of a cricket tournament organized for the blue-collar community at Pakistan School Muscat. The event was co-sponsored by the National Bank of Pakistan, United Arab Emirates, and Al Jadeed Exchange, Oman. In his address, the Ambassador commended the organizers […]
The State Bank of Pakistan (SBP) has granted approval for Muhammad Nauman Chughtai to assume the role of President and Chief Executive Officer (CEO) of MCB Bank, following the successful completion of his Fit and Proper Test (FPT). In an official notification to the Pakistan Stock Exchange (PSX) on Wednesday, MCB Bank confirmed the development, […]
January 15, 2025 United Bank Limited (PSX: UBL) has announced the successful conversion of all its branches in Khyber Pakhtunkhwa (KP) and Balochistan to Islamic banking, aligning with Pakistan’s recent legislative shift toward a fully Shariah-compliant financial system. This move follows the passage of a law in December 2024 by the National Assembly mandating the […]
The State Bank of Pakistan (SBP) is set to unveil its monetary policy on January 27, with a significant majority of analysts anticipating a rate cut. According to a survey conducted by Topline Securities, 61% of participants predict a 100bps reduction in the policy rate. Survey Results on Rate Expectations Topline’s poll revealed diverse expectations […]
Hong Kong, January 13, 2025 – Pakistan plans to issue yuan-denominated bonds, known as Panda bonds, aiming to raise $200–250 million from Chinese investors within the next six to nine months. The announcement was made by Federal Minister for Finance and Revenue Muhammad Aurangzeb during the Asian Financial Forum in Hong Kong. This marks Pakistan’s […]
Karachi, January 2025 – The State Bank of Pakistan (SBP) is expected to announce a 100 basis points (bps) cut in the monetary policy rate during its upcoming meeting, following five consecutive reductions in 2024. The anticipated adjustment would bring the policy rate down to 12%, as per a report by Arif Habib Limited. The […]
Karachi: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with Nestle Professional to enhance customer experience at its Wajaha Priority Banking Lounges by offering a premium selection of hot beverages. The collaboration introduces an array of choices, including Nescafé and traditional beverages like Nestea Cardamom, Karak, and Kashmiri Chai, aiming to create a relaxing […]
In a remarkable achievement for Pakistan’s banking sector, six Pakistani banks have secured spots among the top 15 best-performing bank stocks in the Asia-Pacific (APAC) region, according to a report by S&P Global Market Intelligence. The report, released on Tuesday, highlights that four Pakistan-based lenders, led by United Bank Limited (UBL), ranked among the top […]