Bank Alfalah Introduces 5% Monthly Fee on Large Value Accounts Amid ADR Tax Pressures
Bank Alfalah Limited, one of Pakistan’s leading financial institutions, has announced a significant change to its account maintenance policies, introducing…
Silkbank’s Board Grants In-Principle Approval for Potential Merger with United Bank Limited
Silkbank Limited (PSX: SILK) announced a significant development on November 6, 2024, with its Board of Directors granting in-principle approval…
UBL Proposes Amalgamation with Silkbank to Expand Market Presence
United Bank Limited (UBL) confirmed today that it has formally extended an offer for the amalgamation of Silkbank Limited, a…
Bank Deposits in Pakistan Reach Record High of Rs. 31.34 Trillion, Driven by Strong Growth
By the end of September 2024, bank deposits in Pakistan reached an unprecedented Rs. 31.34 trillion, marking a significant milestone…
HBL’s 9M 2024 Profit Rises to Rs. 43.3 Billion, Reflecting Robust Performance
Habib Bank Limited (HBL) has announced a notable financial performance for the first nine months of 2024, declaring a consolidated…
HBL Honored with ‘Best Conventional Bank of the Year Excellence Award’ by FPCCI
HBL has been recognized as the ‘Best Conventional Bank of the Year’ by the Federation of Pakistan Chambers of Commerce…
Deposit Protection Corporation Raises Deposit Guarantee to PKR 1 Million, Ensuring Greater Financial Security
The Deposit Protection Corporation (DPC) has raised the guarantee coverage for eligible depositors of its member banks, doubling the protected…
Bank Alfalah Wins Two Global Islamic Finance Awards at GIFA 2024
Bank Alfalah, one of Pakistan’s leading commercial banks, has earned international recognition by securing two prestigious awards at the 2024…
Faysal Bank and IFC Partner to Enhance Trade Finance with Guarantee Facility
Faysal Bank Limited (FBL) has entered a new strategic partnership with the International Finance Corporation (IFC), a member of the…
Investment-to-Deposit Ratio Surpasses 100% While Advance-to-Deposit Ratio Hits Record Low
In a significant shift within Pakistan’s banking sector, the Investment-to-Deposit Ratio (IDR) has exceeded 100% for the first time, while…