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…
SBP Ordered to Reveal Dual-Nationality Status of Employees Amid Transparency Push
In a landmark move to bolster transparency, the Pakistan Information Commission (PIC) has instructed the State Bank of Pakistan (SBP)…
SBP Governor Urges Financial Sector to Boost Credit for Climate-Resilient Projects
State Bank of Pakistan (SBP) Governor Jameel Ahmad has called for significantly increased financial support for projects that build climate…
Meezan Bank Foresees Victory in High-Stakes Tax Dispute with FBR
Meezan Bank has voiced optimism about a favorable outcome in its ongoing tax dispute with the Federal Board of Revenue…
Pakistan Embarks on Ambitious Journey Towards Interest-Free Banking by 2028
Pakistan is on the verge of a monumental shift in its financial landscape with the passage of the 26th Constitutional…