SBP issues guidelines on resolution planning and core data requirements for banks
The State Bank of Pakistan has released guidelines on core information requirements for resolution planning, directing banks to prepare detailed data sets for orderly management of distressed institutions and strengthening financial stability.
Pakistan raises Rs209bn through Ijarah Sukuk auction amid strong investor demand
The Government of Pakistan has successfully raised nearly Rs209 billion through its latest Ijarah Sukuk auction, exceeding its target amid robust investor appetite, highlighting confidence in the country’s Islamic finance market.
OGDC receives Rs7.73bn third interest payment under circular debt settlement plan
OGDC has received its third instalment of Rs7.73 billion from Power Holding (Private) Limited under the government’s circular debt settlement plan, marking progress in clearing energy sector liabilities.
Pakistan and IMF begin talks on $7bn Extended Fund Facility and RSF reviews
Pakistan and the IMF have opened talks on the $7 billion Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) reviews, focusing on fiscal performance, governance reforms, and anti-money laundering measures.
ICMA Centre of Excellence and BankIslami sign MoU to advance professional development and industry-academia collaboration
ICMA Centre of Excellence signs MoU with BankIslami Pakistan to promote professional development, enhance outreach, and strengthen linkages between academia and the Islamic finance industry.
Kashf Foundation renews $15M loan partnership with FMO to empower women entrepreneurs in Pakistan
Kashf Foundation secures its second $15M loan facility with FMO Dutch development bank to expand financial access for women entrepreneurs and underserved households in Pakistan.