Sindh Modaraba Board Approves Riba-Free Subordinated Financing of Up to Rs1 Billion
Sindh Modaraba Management Limited has approved the transfer of a Riba-free subordinated fund of up to Rs1 billion to Sindh Modaraba, subject to completion of required formalities.
ADB Approves $500 Million Facility for Pakistan’s Disaster Preparedness and Resilience
The Asian Development Bank has approved $500 million in contingent disaster financing for Pakistan to strengthen emergency preparedness, disaster response and financial resilience against natural calamities.
HBL Bank UK and TPS Worldwide Sign Agreement for IRIS Digital Banking Implementation
HBL Bank UK has partnered with TPS Worldwide to implement its IRIS Digital Banking platform, enhancing retail and corporate banking services across mobile and web channels.
ASA Microfinance Bank and 1LINK Partner to Strengthen Digital Banking Services in Pakistan
ASA Microfinance Bank partners with 1LINK to access payment services, interbank fund transfers, fraud risk management, ATM network and PayPak card issuance solutions in Pakistan.
SBP Gujranwala Announces Webinar on Digital Identity Protection and Financial Crimes
State Bank of Pakistan Banking Services Corporation Gujranwala will organise a webinar on November 12, 2026, focusing on digital identity protection and financial crimes, featuring experts from banking, cybersecurity and legal fields.
Pakistan to Pursue Full $1.7 Billion World Bank Loan Despite Slow Reforms in November 2026
Pakistan plans to secure the full $1.7 billion World Bank financing programme despite slow reform progress, with concerns over tariff policy, fiscal commitments and public spending reforms.
Pakistan Attracts $509.2 Million in Foreign PIB Investment During July-October 2026
Foreign investment in Pakistan Investment Bonds reached $509.2 million during the first four months of FY2027, led by the United Arab Emirates, as higher government bond yields attract international investors.
Fauji Cement Makes Rs3.367 Billion Early Loan Repayment to Cut Debt Servicing Costs
Fauji Cement Company Limited has repaid Rs3.367 billion early against its KIBOR-linked long-term bank financing facility, aiming to reduce debt servicing costs and outstanding borrowing obligations.
PSO and SSGCL Given Authority to Set LPG Prices as Pakistan Overhauls Energy Sector
Prime Minister Shehbaz Sharif has transferred LPG pricing authority from OGRA to PSO and SSGCL under a new government policy aimed at increasing competition, improving fuel supplies and reducing cylinder prices across Pakistan.
JazzWorld Signs MoU With PITB to Accelerate Digital Transformation in Punjab 2026
JazzWorld and the Punjab Information Technology Board have signed an agreement to explore artificial intelligence, digital platforms and data-driven solutions for improving public services across Punjab, including education, healthcare and social protection.