BRR Guardian Secures Shariah Compliance Certificate from SECP to Strengthen Islamic Financial Alignment
BRR Guardian Limited has been awarded a Shariah Compliance Certificate by the SECP, paving the way for enhanced Islamic financial practices and adherence to Shariah governance.
State Bank of Pakistan to Remain Closed from June 6 to 9 for Eid-ul-Adha Holidays
The State Bank of Pakistan has officially announced closure from June 6 to June 9, 2025, in observance of Eid-ul-Adha public holidays. Financial institutions and stakeholders are advised to plan accordingly during this extended break.
P@SHA and ADB Join Forces to Drive Pakistan’s Digital Future Through Strategic Tech Alliance
P@SHA and the Asian Development Bank have signed a landmark MoU to accelerate Pakistan’s digital transformation through research, policy collaboration, and capacity building. The partnership aims to drive innovation, inclusivity, and economic resilience in the country’s technology sector.
Pakistan Reaffirms Commitment to Regional Economic Integration at SCO Finance Ministers’ Meeting
At the SCO Finance Ministers’ Meeting in Beijing, Pakistan reiterated its dedication to regional economic cooperation, highlighting digital financial initiatives, macroeconomic reforms, and its support for the proposed SCO Development Bank. The address was delivered virtually by Finance Minister Muhammad Aurangzeb.
PSX Soars to Historic High with 1,600-Point Surge as ADB Approves $800 Million for Pakistan
The Pakistan Stock Exchange (PSX) closed at a record-breaking 120,450 points after gaining nearly 1,600 points in a single day. The rally comes as the Asian Development Bank approves an $800 million financing package for Pakistan, boosting investor confidence and market momentum.
Jazz and Engro Seal Strategic Tower Infrastructure Deal to Accelerate Pakistan’s Digital Transformation
Jazz and Engro Corporation finalize one of Pakistan’s largest digital infrastructure deals, with Jazz transferring Deodar’s telecom tower assets to Engro Connect. This strategic partnership is set to power the country’s digital future with enhanced infrastructure, enabling Jazz to focus on service innovation.
First National Equities Resumes Operations as Trading-Only Broker under EClear from June 2
First National Equities Limited (FNEL) has resumed operations as a trading-only broker under the Centralised Gateway Platform managed by EClear Services Limited, effective June 2, 2025. This strategic move aligns with regulatory measures to enhance risk management and operational efficiency in Pakistan’s capital markets.
NIBAF Islamabad Hosts Islamic Banking Professional Development Program Featuring Dr. Rashid Mansoor and Mufti Fawad Ali
NIBAF Islamabad successfully conducted the Islamic Banking Professional Development Program from May 26 to 30, 2025. The program focused on enhancing the expertise of commercial bank officers in Islamic banking principles and operations, led by experts Dr. Rashid Mansoor and Mufti Fawad Ali.
Syed Amer Leads Day 2 of T-24 Currency and Banking Training at NIBAF Islamabad
Syed Amer conducted the second day of the T-24 Currency and Banking training program at NIBAF’s Islamabad Campus from May 29 to 30, 2025. The two-day session focused on core banking system operations and digital banking technologies, equipping State Bank officers with essential skills for modern banking environments.
NIBAF Conducts Islamic Banking Professional Development Program 15 at Karachi Campus
NIBAF successfully hosted the 15th Islamic Banking Professional Development Program (IBPD) from May 26 to 30, 2025, at its Karachi Campus. The training featured expert trainers and brought together officers from commercial banks and the State Bank of Pakistan to enhance Islamic banking knowledge and skills.