CAT Upholds CCP Penalties on Banks and PBA in Enhanced Savings Account Cartel Case
Competition Appellate Tribunal dismisses appeals by major banks and PBA, upholding Rs205 million penalties imposed by CCP over cartel-like conduct in the launch of Enhanced Savings Accounts.
Pakistan FX Reserves Edge Up as SBP Holdings Reach $16.09 Billion
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan increased by $16 million to $16.09 billion in the week ending January 16, 2026, marking the second consecutive weekly rise.
SBP Simplifies Overseas Remittance Rules to Cut Delays and Improve Banking Efficiency
State Bank of Pakistan relaxes foreign remittance rules, allowing banks to send salaries and professional fees abroad without prior SBP approval, aiming to improve efficiency and ease compliance.
PSPC Leadership Induction Program Batch-3 Hosts Digital Transformation & Change Management Session
NIBAF Pakistan held a session on Digital Transformation & Change Management for PSPC Leadership Induction Program Batch-3, providing participants with strategies and frameworks to lead digital initiatives and manage organizational change.
NIBAF Pakistan Conducts HMC Taxila Visit for PSPC Leadership Induction Program Batch-3
As part of PSPC Leadership Induction Program Batch-3, NIBAF organized an exposure visit to the Heavy Mechanical Complex, Taxila, providing participants with practical insights into large-scale industrial operations and manufacturing best practices.
Pakistan Faces Competitiveness Crisis as Business Costs Remain 34% Higher Than Regional Economies
Pakistan Business Forum warns that high taxes, expensive energy and currency instability have pushed the cost of doing business 34% above regional peers, threatening exports and industrial survival.
BankIslami Introduces aikPay, Enabling Shariah-Compliant Raast QR Payments in Pakistan
BankIslami launches aikPay, Pakistan’s first Shariah-compliant Raast-enabled QR payment gateway, offering instant, secure, and Riba-free digital transactions for customers and merchants.
6th AlBaraka Forum Explores Digital Islamic Finance and Pakistan’s Role in Asia
The 6th AlBaraka Forum Regional Conference in Karachi convened policymakers, financial leaders, and scholars to discuss digital transformation, Shari’ah-compliant finance, and Pakistan’s emerging role as a hub for the Islamic digital economy.
Raqami Islamic Digital Bank to Invest $100M for SME-Focused Digital Banking in Pakistan
Raqami Islamic Digital Bank, backed by Kuwait Investment Authority, plans to invest $100 million over five years as it prepares to launch SME- and freelancer-focused digital banking services in February.
Pakistan Achieves Macroeconomic Stabilization as Investor Sentiment Improves
Official data and recent investment decisions show Pakistan’s economy is stabilizing, with recovery underway and foreign investor confidence improving, challenging claims of collapse or un-investability.