United Bank Limited (UBL) as one of the Mandated Lead Advisors & Arrangers, has successfully led Pakistan’s largest private sector syndicated Islamic financing to date, totaling PKR 133 billion. The financing was extended to Deodar (Private) Limited and Engro Connect (Private) Limited, with UBL also acting as Facility Agent, Security Agent and Accounts Bank. The […]
The State Bank of Pakistan (SBP) has reduced the Cash Reserve Requirement (CRR) for banks by 100 basis points, lowering it to 5 percent on a weekly average basis and 3 percent on a daily basis, according to the SBP governor’s press briefing earlier yesterday. The move is expected to inject additional liquidity into the […]
United Bank Limited (UBL) has executed Pakistan’s largest-ever Interest Rate Swap (IRS) transaction with Pakistan Mobile Communications Limited (Jazz), with a notional value of Rs. 75 billion, marking a major milestone in the development of the country’s financial derivatives market. Under the transaction, Jazz has converted its floating-rate borrowing exposure into a fixed-rate obligation, allowing the telecom […]
Islamabad: Askari Bank Limited has reaffirmed its commitment to strengthening Pakistan’s economy by accelerating its transition toward a stable, ethical, and inclusive financial system through the expansion of Shariah-compliant banking services. Islamic Banking is now available across all branches of Askari Bank, marking a significant milestone in the Bank’s transformation journey. The initiative aligns with […]
Karachi, Pakistan: TouchPoint’s Cadepo – Cash & Cheque Deposit Solution has achieved a major regulatory milestone after meeting the State Bank of Pakistan’s (SBP) regulatory benchmark for Cash Deposit Machines (CDMs) authenticate and securely accept cash deposits from customers. TouchPoint currently has more than 600 devices across Pakistan banking network and has processed transactions exceeding […]
Karachi, 23 December: Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country, has provided Shariah Technical Services and Advisory Support to Stylers International Limited (SIL), a company listed at Pakistan Stock Exchange (PSX), enabling it to obtain Securities and Exchange Commission of Pakistan’s (SECP) Shariah Compliance Certificate under the Shariah […]
ISLAMABAD – Samba Bank Limited Pakistan has inaugurated the “The Kingdom Connect – Saudi Business Facilitation Center”at its Jinnah Avenue Branch in Islamabad. This landmark initiative reaffirms Samba Bank’s commitment to foster deeper economic engagement between Pakistan and the Kingdom of Saudi Arabia. The inauguration ceremony was graced by Jamil Qureshi, Secretary, Special Investment Facilitation […]
Karachi– Citi announced today the appointment of Habib Yousuf as the Citi Country Officer (CCO) & Banking Head for Pakistan. His appointment will be effective December 15, 2025. Habib Yousuf will report to Naveed Kamal, Sub-Cluster & Banking Head, Middle East & Pakistan and succeeds Ahmed Bozai, former Citi Country Officer & Banking Head for […]
London/Karachi: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been recognized by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fifth Largest Bank in the Pakistan Remittance Market. The honor was presented at the Pakistan Remittance Summit 2025, held recently in London, UK. The recognition underscores […]
Bank Makramah Limited’s stock performance continues to surge amid strategic restructuring and capital transformation. Bank Makramah Limited (BML) has rapidly become one of the most actively traded and closely watched banking stocks at the Pakistan Stock Exchange (PSX), driven by a turnaround strategy that has repositioned the institution into a growth-stage financial contender. BML’s share […]