BankIslami Enhances ‘aik’ Digital Platform to Expand Shariah-Compliant Banking and Lifestyle Services
BankIslami has enhanced its digital Islamic banking platform ‘aik’ with Raast QR payments, instant account opening, and Islamic lifestyle features, advancing Shariah-compliant banking and financial inclusion across Pakistan.
Government to Raise Rs5.8 Trillion Through SBP Auctions to Support Budget Financing
The Government of Pakistan, in coordination with the State Bank of Pakistan, plans to raise Rs5.8 trillion through MTBs, PIBs, and Government Ijara Sukuk from November 2025 to January 2026 to support budget financing, liquidity management, and monetary stability.
Bank Alfalah and Euro Oil Launch Raast P2M QR Payments at 150+ Fuel Stations Across Pakistan
Bank Alfalah Limited and Euro Oil Pakistan have launched Raast P2M QR payments at over 150 fuel stations nationwide, advancing the State Bank of Pakistan’s digital payment initiative and supporting the vision of a cashless economy.
Walee Financial Services Becomes Pakistan’s First Shariah-Compliant Digital Nano-Financing NBFC
Walee Financial Services has been officially certified by the SECP as a fully Shariah-compliant NBFC, becoming the first digital nano-financing institution in Pakistan to achieve this milestone and advancing ethical, transparent, and responsible fintech solutions.
10th Pakistan Banking Awards 2025: Celebrating a Decade of Excellence in the Financial Sector
The 10th Pakistan Banking Awards will be held on November 14, 2025, celebrating a decade of excellence in Pakistan’s banking sector. The awards honor innovation, financial inclusion, governance, sustainability, and customer-centric banking practices across the country.
Hamid Minhas Appointed Head of Conventional Products at U Microfinance Bank to Drive Financial Inclusion
Hamid Minhas has been appointed Head of Conventional Products at U Microfinance Bank, aiming to strengthen the bank’s offerings, drive financial inclusion, and enhance innovative banking solutions for individuals, SMEs, and underserved communities across Pakistan.
Pakistan’s Trade Deficit with Middle East Narrows in Q1 FY26 as Energy Imports Shift
Pakistan’s trade gap with Middle Eastern economies narrowed in the first quarter of FY26 due to reduced regional imports, especially oil, alongside a decline in exports, according to State Bank data.
FBR’s FY25 Report Confirms Sharp Rise in Tax Burden on High-Income Salary Earners
The Federal Board of Revenue’s FY25 annual report acknowledges significant increases in income tax rates for high-income salaried individuals, driven by revenue-generation measures introduced under the Finance Act 2024.
SBP Updates Governance Rules to Allow Bank Leadership on Boards of Wholly-Owned Exchange Companies
The State Bank of Pakistan has revised its Corporate Governance Regulatory Framework, permitting bank presidents, CEOs, and directors to serve on the boards of exchange companies wholly owned by their respective banks, while maintaining existing restrictions for other financial entities.
ZTBL and JazzCash Sign Strategic MoU to Digitize Agri-Loan Repayments and Boost Financial Inclusion
Zarai Taraqiati Bank Limited (ZTBL) and JazzCash partner to digitize agricultural loan repayments, reducing the burden on farmers while improving efficiency and transparency across rural financial services.