PSX Closing Bell: KSE-100 Index Crosses 149,000 with Strong Sectoral Support
The Pakistan Stock Exchange started the new month on a bullish note as the KSE-100 Index surged by over 1,300 points, driven by gains in cement, banking, and oil exploration sectors, with trading volumes crossing 1.18 billion shares.
Government Retires Rs. 1.13 Trillion SBP Debt Early, Strengthening Fiscal Discipline
Pakistan’s federal government has retired Rs. 1.13 trillion of debt owed to the State Bank of Pakistan ahead of schedule, marking a historic repayment that reflects fiscal discipline, improved revenues, and stronger debt management strategies.
SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
NIBAF Strengthens Shariah Banking Expertise with Islamic Banking Certification Program for Bank Alfalah Officers
NIBAF Pakistan conducted the Islamic Banking Certification Program (IBCC–74) for Bank Alfalah officers in Karachi, equipping participants with advanced knowledge of Shariah-compliant banking practices under the guidance of Mufti Dr. Awais Naeem.
NIBAF Advances Shariah-Compliant Finance with Islamic Banking Professional Development Program in Lahore
NIBAF Pakistan hosted a five-day Islamic Banking Professional Development Program in Lahore, training officers from multiple financial institutions on advanced concepts and practices in Shariah-compliant banking and finance.
NIBAF Hosts Specialized Training on AI and BI for Data Modeling and Smarter Decision-Making
NIBAF Pakistan conducted a two-day training in Karachi on the integration of Artificial Intelligence (AI) and Business Intelligence (BI) for data modeling and decision-making, empowering SBP-BSC officers with advanced digital skills.
The Future of Digital Banking in Pakistan: Transformative Shifts
Pakistan’s digital banking ecosystem is evolving rapidly with initiatives like Raast, Roshan Digital Accounts, and the SBP’s regulatory push. These shifts are driving financial inclusion, innovation, and a move toward a cashless economy.
SBP Names National Bank, UBL, and HBL as Domestic Systemically Important Banks for 2025
The State Bank of Pakistan has designated three major banks as Domestic Systemically Important Banks for 2025, introducing enhanced capital requirements to strengthen resilience and stability in Pakistan’s banking sector.