Pakistan’s Banking Sector ADR Rises to 51.8% in December 2024
The banking sector in Pakistan has reported a notable improvement in its Advance-to-Deposit Ratio (ADR), which reached 51.8% by December…
SBP Injects Rs2.43 Trillion into Market via Reverse Repo and Shariah-Compliant OMO to Stabilize Liquidity
In a significant move to stabilize market liquidity, the State Bank of Pakistan (SBP) injected Rs2,429.65 billion into the financial…
KIBOR Rates for January 3, 2025: Key Insights for Borrowing Costs in Pakistan’s Interbank Market
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) on January 3, 2025, providing a…
Meezan Bank Partners with Ekkel AI to Revolutionize Banking with Generative AI
Meezan Bank, Pakistan’s leading Islamic bank, has announced a transformative partnership with Ekkel AI to harness the power of Generative…
VEON Group Invests $15 Million in Mobilink Bank for Growth and Digital Transformation
VEON Group, a global digital operator, has announced a $15 million capital investment in Mobilink Bank to drive the bank’s…
KIBOR Rates for January 2, 2025, Released by SBP
The State Bank of Pakistan (SBP) has announced the Karachi Interbank Offered Rates (KIBOR) for January 2, 2025, offering a…
HBL Microfinance Bank Partners with HBL Zarai Services to Empower Farmers
HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance institution, has joined forces with HBL Zarai Services Limited (HZSL), the country’s…
Banks Transfer Unclaimed Deposits to SBP: How to Claim Your Funds
The State Bank of Pakistan (SBP) recently announced a major development regarding the handling of unclaimed deposits. As of December…
UBL Secures $300 Million Loan for Pakistan Amid Debt Challenges
In a significant move to address Pakistan’s external debt repayment obligations, United Bank Limited (UBL) has arranged a $300 million…
State Bank Declares January 1, 2025, as National Bank Holiday for Public Dealing
The State Bank of Pakistan (SBP) has officially declared January 1, 2025, as a bank holiday for public dealing. In…