ADB Commits Additional $48 Million to Advance Balochistan Water Development Project
The Asian Development Bank has approved an additional $48 million to complete key components of Balochistan’s water development project, aiming to strengthen irrigation, improve water management, and support climate-resilient growth in the province.
NIBAF Pakistan Delivers Two-Day AML/CFT/CPF & Sanctions Compliance Training to ECO Trade and Development Bank Leadership
NIBAF Pakistan conducted a two-day online AML/CFT/CPF and Sanctions Compliance training for senior management of ECO Trade and Development Bank, focusing on risk-based controls, due diligence, proliferation financing, correspondent banking, and regional legal frameworks.
NIBAF Hosts Mastering Time Strategies Program to Enhance Productivity for SBP and SBP-BSC Officers
NIBAF Pakistan organized a face-to-face session on Mastering Time Strategies for Modern Productivity for SBP and SBP-BSC officers, focusing on practical tools, planning methods, and workplace efficiency techniques.
OGDCL Receives Rs. 38.65 Billion in Interest Payments Under Circular Debt Settlement Plan
OGDCL has received Rs. 38.65 billion in interest payments from PHL as part of the government’s circular debt settlement plan, marking the fifth installment in a twelve-month repayment schedule.
NIBAF Develops Draft Data Archiving and Retention Policy for SECP, Marking a Major Step in National Data Governance
NIBAF Pakistan has completed the draft Data Archiving and Retention Policy for SECP, concluding a multi-month collaboration focused on strengthening data governance and modernizing institutional data management practices.
Bank Alfalah Launches Alfa Business Merchant Payment Solutions To Drive Cashless Economy
Bank Alfalah introduces Alfa Business – Merchants Payment Solutions to digitise transactions for merchants across Pakistan, offering QR payments, digital khatas, instant financing, and on-the-spot account services.
Finance Minister Pushes for Accelerated Data Integration in FBR’s Tax Automation Drive
Finance Minister Muhammad Aurangzeb emphasizes faster data integration and system automation in the Federal Board of Revenue’s digital transformation, aiming to strengthen tax compliance and expand Pakistan’s revenue base.
ICBC Pakistan Marks a Decade of Driving Renminbi Adoption and Strengthening Financial Ties with China
ICBC Pakistan celebrates ten years of facilitating Renminbi transactions, enhancing cross-border trade with China, and shaping Pakistan’s financial infrastructure to support RMB adoption and market development.
PSX Expands Shariah-Compliant Universe with 35 Additions in KMI All Share Islamic Index
Pakistan Stock Exchange updates its PSX-KMI All Share Islamic Index, adding 35 Shariah-compliant companies and removing 12, reflecting semiannual rebalancing and impacting Islamic equity portfolios across the market.
Dutch Bank ABN Amro Announces 5,200 Job Cuts and Strategic Restructuring by 2028
ABN Amro revealed plans to cut 5,200 jobs by 2028, divest its personal loan business Alfam, and refocus on core banking operations as part of a strategic roadmap aimed at improving efficiency, capital strength, and shareholder returns.