Khushhali Bank Joins SBP and ADB Drive to Advance Women-Focused Banking in Pakistan
Khushhali Microfinance Bank becomes part of the State Bank of Pakistan and Asian Development Bank’s Women Entrepreneurs Finance Code, reinforcing its commitment to delivering secure and accessible financial services to women across Pakistan.
Zafar Masud Calls for Public Backing of Privatization to Safeguard Pakistan’s Economic Future
In a conversation with VCast Online, PBA Chairman Zafar Masud emphasizes the urgency of societal support for privatization and reforms, warning that resisting change only prolongs Pakistan’s economic struggles.
Pakistan Seals Record Rs 1.29 Trillion Banking Deal to Tackle Circular Debt, Sets Stage for Deeper Reforms
Pakistan finalizes its largest-ever banking transaction of Rs 1.29 trillion to address power sector circular debt, marking a critical step in economic stabilization. PBA Chairman warns sustainable solutions depend on continuing governance and sector reforms.
SBP Injects Rs1.72 Trillion Into Market via Conventional and Shariah-Based OMO to Ease Liquidity
The State Bank of Pakistan injected Rs1.72 trillion into the banking system through a combination of conventional reverse repos and Shariah-based Modarabah OMOs to ease liquidity, reinforcing its role in stabilizing money markets and supporting financial flows.
World Bank Rates $207 Million Punjab Housing Project as Moderately Satisfactory Amid Digital System Milestones
The World Bank has rated the $207 million Punjab Affordable Housing Program as moderately satisfactory, highlighting digital platform launches and regulatory milestones as the project advances toward providing more affordable homes in Pakistan’s largest province.
Dubai Islamic Bank Pakistan Appoints Shiraz Sheikh to Lead Digital Platforms
Dubai Islamic Bank Pakistan appoints fintech leader Shiraz Sheikh as Digital Platform Owner, underscoring its drive to expand digital banking with innovative, Shariah-compliant solutions across the region.
Foreign Investors Pull Over $1.5 Billion from Pakistan’s T-Bills in FY25 Amid Regional Tensions and Lower Yields
Foreign investors pulled over $1.5 billion from Pakistan’s T-bills in FY25 as geopolitical tensions and lower interest rates eroded the appeal of local debt, with June seeing the sharpest withdrawals amid India-Pakistan strains.
State Bank’s Foreign Reserves Surge to $14.5 Billion, Boosting Pakistan’s External Position
Pakistan’s foreign exchange reserves under the State Bank surged by $1.77 billion in a week to $14.5 billion, pushing total reserves past $20 billion, driven by official inflows that strengthen the country’s external financial position.
NIBAF Advances Islamic Banking Expertise with IFPOP-2 Program in Lahore
NIBAF conducted Day 3 of the Islamic Banking Program IFPOP-2 in Lahore, led by Mufti Uzair Usmani, to strengthen the expertise of regional and general managers in Shariah-compliant banking practices.
Pakistan Moves to Tackle PKR 2.3 Trillion Circular Debt with Coordinated Financial and Digital Strategy
Pakistan’s government, central bank, and power sector stakeholders are rolling out a coordinated strategy to resolve the country’s massive PKR 2.3 trillion circular debt, combining financial restructuring, digital monitoring, and redirected cash flows to revive economic stability.