UBL Receives Board Approval for Silkbank Merger to Strengthen Market Position
United Bank Limited (UBL) has received approval from its Board of Directors for the merger with Silkbank Limited (SBL), marking…
Saudi Arabia Extends $3 Billion Deposit to Bolster Pakistan’s Economy
Saudi Arabia has once again reinforced its support for Pakistan’s economy by extending the term of a $3 billion deposit…
ADB Introduces Enhanced Framework to Strengthen Social and Environmental Safeguards
The Asian Development Bank (ADB) has approved a new Environmental and Social Framework (ESF) aimed at bolstering protections for people…
KSA Extends $3 Billion Deposit with Pakistan to Bolster Economic Stability
The Kingdom of Saudi Arabia (KSA), through the Saudi Fund for Development (SFD), has extended the term of its $3…
Government Urges Banks and Microfinance Institutions to Lead Housing Finance Solutions
The Federal Minister for Finance and Revenue, Muhammad Aurangzeb, emphasized the importance of private sector involvement in providing housing finance…
Bank Makramah Approves Restructuring Plan to Strengthen Capital Base and Ensure Long-Term Growth
Bank Makramah Limited (BML) has taken a pivotal step in strengthening its financial foundation with the approval of a comprehensive…
China Revises Narrow Money (M1) Definition for January 2025
The People’s Bank of China (PBOC) has announced a major adjustment to its calculation of narrow money (M1), set to…
Pakistan Set to Lead in Shariah-Compliant Financing, Says SECP Chairman
Pakistan is positioning itself to take the lead in the global Islamic finance sector, with the Securities and Exchange Commission…
PM Forms Committee to Review Proposal Allowing Dual Nationals as SBP Governors
Prime Minister Shehbaz Sharif has taken a significant step towards reviewing the proposed amendments to the State Bank of Pakistan…
China Becomes Pakistan’s Largest Creditor with $29bn Debt, World Bank Reports
China has emerged as Pakistan’s largest creditor, holding a significant 22% of the country’s external debt, which equates to approximately…