Central Bank of Türkiye Revises Collateral Haircuts to Enhance Market Operations
The Central Bank of the Republic of Türkiye (CBRT) has announced significant revisions to the collateral haircuts applicable to various…
PM Forms Committee to Review Proposal Allowing Dual Nationals as SBP Governors
Prime Minister Shehbaz Sharif has taken a significant step towards reviewing the proposed amendments to the State Bank of Pakistan…
SECP Plans IFSB Compliance Assessment to Bolster Islamic Capital Market
The Securities and Exchange Commission of Pakistan (SECP) has announced its intention to assess compliance with the Islamic Financial Services…
UAE Introduces Digital KYC Platform to Strengthen Banking Transparency and Fight Financial Crime
The UAE has launched a digital Know Your Customer (KYC) platform, a groundbreaking move designed to enhance transparency in the…
SBP Updates Minimum Profit Rate Guidelines for Bank Deposits
The State Bank of Pakistan (SBP) has revised its guidelines regarding the minimum profit rate on deposits, effective January 1,…
SBP Revises Guidelines for Shariah Scholars in Islamic Banking to Strengthen Compliance
The State Bank of Pakistan (SBP) has introduced revised guidelines for appointing Shariah scholars in Islamic banking institutions (IBIs). These…
SECP Launches Comprehensive Plan to Elevate Pakistan’s Islamic Finance Ecosystem
The Securities and Exchange Commission of Pakistan (SECP) has introduced a strategic initiative to strengthen the Islamic finance ecosystem within…
SBP Streamlines Agricultural Loans with Digital Verification and Simplified Processes
The State Bank of Pakistan (SBP) has unveiled innovative changes to the agricultural loan application process, introducing modern verification methods…
Banking Mohtasib Shortens Response Time for Banks to Resolve Customer Complaints to 30 Days
In a bid to enhance customer service and streamline complaint resolution, the Banking Mohtasib Pakistan has revised the timeframe within…
IHC Restrains FBR from Tax Recovery from Askari Bank on ADR Basis
The Islamabad High Court (IHC) has temporarily barred the Federal Board of Revenue (FBR) from recovering income tax from Askari…