# Pak Banker

> Ecosystem News for Finance


## Posts

- [JS Global Names Shahab Anwar Khawaja Chairman and Muhammad Khalil Ullah Usmani CEO](https://pakbanker.com/js-global-names-shahab-anwar-khawaja-chairman-and-muhammad-khalil-ullah-usmani-ceo/): JS Global Capital (JSGCL) has appointed Shahab Anwar Khawaja as Chairman and Muhammad Khalil Ullah Usmani as CEO for three-year terms, signaling a new phase in corporate governance and leadership.
- [Pakistan and Bangladesh to Restart Direct Flights After 12 Years](https://pakbanker.com/pakistan-and-bangladesh-to-restart-direct-flights-after-12-years/): Pakistan and Bangladesh are set to resume direct flights after more than a decade, with Biman Bangladesh Airlines launching twice-weekly Karachi–Dhaka services from January 29, signaling warming bilateral ties.
- [Lucky Investments Surpasses Rs130bn AUM Within One Year of Operations](https://pakbanker.com/lucky-investments-surpasses-rs130bn-aum-within-one-year-of-operations/): Lucky Investments Limited has crossed Rs130 billion in assets under management within its first year, highlighting strong demand for Shariah-compliant mutual funds and rapid growth in Pakistan’s Islamic asset management sector.
- [Fitch Reports Record Global Sukuk Issuance in 2025, Positive Outlook for 2026](https://pakbanker.com/fitch-reports-record-global-sukuk-issuance-in-2025-positive-outlook-for-2026/): Global sukuk issuance exceeded $300 billion in 2025, with Fitch Ratings forecasting continued growth in emerging markets including GCC countries, Malaysia, Indonesia, Türkiye, and Pakistan.
- [World Bank–Funded Balochistan Livelihoods Project Generates Jobs and Boosts Rural Entrepreneurship](https://pakbanker.com/world-bank-funded-balochistan-livelihoods-project-generates-jobs-and-boosts-rural-entrepreneurship/): The World Bank–funded Balochistan Livelihoods and Entrepreneurship Project has created nearly 19,000 full-time jobs, supported 45,000 beneficiaries, and empowered women, with project closure set for February 2026.
- [Askari Bank Rolls Out Islamic Banking Nationwide to Strengthen Financial Inclusion](https://pakbanker.com/askari-bank-rolls-out-islamic-banking-nationwide-to-strengthen-financial-inclusion/): Askari Bank expands Shariah-compliant banking services across all branches, aligning with SBP Vision 2028 and Federal Shariah Court directives to promote ethical, inclusive, and customer-centric financial solutions in Pakistan.
- [SBP Government Securities Auction Sees Strong Participation, Yields Drop Across T-Bills and PIBs](https://pakbanker.com/sbp-government-securities-auction-sees-strong-participation-yields-drop-across-t-bills-and-pibs/): Pakistan’s State Bank raises Rs1.09 trillion through treasury bills and 10-year PIB floaters amid strong investor participation, with cut-off yields falling across all tenors, signaling positive market sentiment.
- [PSPC Leadership Induction Program Batch-3 Launched at NIBAF Pakistan](https://pakbanker.com/pspc-leadership-induction-program-batch-3-launched-at-nibaf-pakistan/): NIBAF Pakistan inaugurates the PSPC Leadership Induction Program (PLIP) Batch-3, focusing on leadership development and professional excellence with key industry speakers.
- [Pakistan and Visa Boost Digital Payment Systems to Promote Cashless Economy](https://pakbanker.com/pakistan-and-visa-boost-digital-payment-systems-to-promote-cashless-economy/): Pakistan’s finance ministry and Visa agree to enhance technical coordination for digitizing government payments, expanding financial inclusion, and supporting small businesses and remittances.
- [Pakistan Integrates USPBA with BOI to Attract U.S. Private Sector Investment](https://pakbanker.com/pakistan-integrates-uspba-with-boi-to-attract-u-s-private-sector-investment/): Pakistan formally registers the U.S. Pakistan Business Alliance with the Board of Investment to streamline U.S. investment, promote key sectors like technology, energy, and minerals, and enhance trade ties.
- [PM Shehbaz Sharif Accelerates SME and Agricultural Loans Through Digital Financing](https://pakbanker.com/pm-shehbaz-sharif-accelerates-sme-and-agricultural-loans-through-digital-financing/): Prime Minister Shehbaz Sharif directs SBP to simplify SME and farmer loan processes, launches digital initiatives like Zarkhaiz-e-App, and prioritizes private sector lending to modernize agriculture and boost entrepreneurship.
- [FBR Defends Retrospective Super Tax Powers Before Federal Constitutional Court](https://pakbanker.com/fbr-defends-retrospective-super-tax-powers-before-federal-constitutional-court/):  FBR argues before the Federal Constitutional Court that Parliament has full authority to impose taxes retrospectively, as hearings continue on challenges to Super Tax under Section 4C.
- [Askari Bank Names Shazia Mohsin as Head – Islamic Corporate Product & Strategy](https://pakbanker.com/askari-bank-names-shazia-mohsin-as-head-islamic-corporate-product-strategy/): Shazia Mohsin has been appointed as Head of Islamic Corporate Product & Strategy at Askari Bank, tasked with driving innovation and strengthening Shariah-compliant corporate banking solutions.
- [PSX Bull Run Continues in 2026 as KSE-100 Index Hits New All-Time High](https://pakbanker.com/psx-bull-run-continues-in-2026-as-kse-100-index-hits-new-all-time-high/): Pakistan Stock Exchange extends its bullish momentum into 2026 as the KSE-100 Index closes at a new record high, driven by strong institutional buying and rate cut expectations.
- [Pakistan Stock Market Sees Highest Daily Turnover in 20 Years as Investors Shift to Equities](https://pakbanker.com/pakistan-stock-market-sees-highest-daily-turnover-in-20-years-as-investors-shift-to-equities/): Pakistan’s equity market records its highest daily traded value in nearly two decades as turnover reaches Rs85 billion, driven by strong institutional buying and asset reallocation.
- [TouchPoint’s Cadepo Meets SBP Regulatory Standards for Cash Deposit Machines](https://pakbanker.com/touchpoints-cadepo-meets-sbp-regulatory-standards-for-cash-deposit-machines/): TouchPoint’s Cadepo Cash and Cheque Deposit Solution meets the State Bank of Pakistan’s regulatory benchmark for CDMs, strengthening digital banking and cash management infrastructure.
- [SECP Clears Pak-Qatar General Takaful IPO as First Dedicated General Takaful Listing on PSX](https://pakbanker.com/secp-clears-pak-qatar-general-takaful-ipo-as-first-dedicated-general-takaful-listing-on-psx/): SECP approves the IPO prospectus of Pak-Qatar General Takaful Limited for issuance of 30 million shares, marking the first dedicated General Takaful company to be listed on PSX.
- [Bank Alfalah Gets SBP, Afghan Central Bank Approval to Advance Sale of Afghanistan Business](https://pakbanker.com/bank-alfalah-gets-sbp-afghan-central-bank-approval-to-advance-sale-of-afghanistan-business/): Bank Alfalah Limited receives in-principle approvals from SBP and the Central Bank of Afghanistan, allowing Ghazanfar Bank to begin due diligence for the acquisition of its Afghanistan operations.
- [SECP Officials Paid Rs90 Million in Final Settlements Despite Senate Committee Instructions](https://pakbanker.com/secp-officials-paid-rs90-million-in-final-settlements-despite-senate-committee-instructions/): Outgoing SECP chairman and two commissioners reportedly received Rs90 million in final settlements despite Senate Standing Committee instructions to withhold payments pending PAC review.
- [Pakistan’s Private Sector Borrowing Drops 79% in 1HFY26 Despite Lower Interest Rates](https://pakbanker.com/pakistans-private-sector-borrowing-drops-79-in-1hfy26-despite-lower-interest-rates/): Private sector borrowing from commercial banks declined by 79% during July–December FY26, SBP data shows, highlighting weak credit demand despite aggressive monetary easing.
- [UBL Becomes Pakistan’s Largest Listed Company After Strong Rally at PSX](https://pakbanker.com/ubl-becomes-pakistans-largest-listed-company-after-strong-rally-at-psx/): United Bank Limited becomes Pakistan’s largest listed company as its market capitalization reaches Rs. 1.29 trillion, driven by a sharp rise in share price and strong earnings performance.
- [NIBAF Pakistan Conducts Governance and Regulatory Session for Exchange Business Board Members](https://pakbanker.com/nibaf-pakistan-conducts-governance-and-regulatory-session-for-exchange-business-board-members/): NIBAF Pakistan organized a specialized learning session on board responsibilities and the regulatory environment of exchange businesses, led by former SBP Executive Director Syed Irfan Ali.
- [PBA and SBP Conduct Pakistan’s First Industry-Wide Cyber Drill to Boost Cyber Resilience](https://pakbanker.com/pba-and-sbp-conduct-pakistans-first-industry-wide-cyber-drill-to-boost-cyber-resilience/): Pakistan Banks’ Association, in collaboration with the State Bank of Pakistan, launches the country’s first industry-wide cyber security drill to enhance cyber resilience across financial institutions.
- [DAZTECH Completes Oracle Exadata Project for Askari Bank, Boosting Banking IT Infrastructure](https://pakbanker.com/daztech-completes-oracle-exadata-project-for-askari-bank-boosting-banking-it-infrastructure/): DAZTECH announces the successful implementation of Oracle Exadata Engineered Systems for Askari Bank, enhancing performance, scalability, and security in banking IT infrastructure.
- [UBL Ameen Appoints Chaudhry Qaiser Iqbal as Group Head Branch Banking – Northern Punjab](https://pakbanker.com/ubl-ameen-appoints-chaudhry-qaiser-iqbal-as-group-head-branch-banking-northern-punjab/): UBL Ameen has elevated Chaudhry Qaiser Iqbal to Group Head Branch Banking for the Northern Punjab Cluster, highlighting confidence in his leadership and expertise in Islamic banking operations.
- [Pakistan’s Domestic Debt Hits Rs54.82 Trillion in November 2025, SBP Data Shows](https://pakbanker.com/pakistans-domestic-debt-hits-rs54-82-trillion-in-november-2025-sbp-data-shows/): Pakistan’s total domestic debt and liabilities rose 12.12% YoY to Rs54.82 trillion in November 2025, driven by growth in permanent debt, federal bonds, and savings schemes, according to SBP data.
- [Bank of Punjab Denies Cyberattack Claims, Confirms Technical Glitch in Credit Card System](https://pakbanker.com/bank-of-punjab-denies-cyberattack-claims-confirms-technical-glitch-in-credit-card-system/): The Bank of Punjab (BOP) clarified that recent reports of a cyberattack were inaccurate. A temporary technical glitch caused limited unauthorized credit card transactions, which have been rectified.
- [Pakistan Stock Exchange Launches Integrated Mock Session to Test T+1 Settlement System](https://pakbanker.com/pakistan-stock-exchange-launches-integrated-mock-session-to-test-t1-settlement-system/): The Pakistan Stock Exchange, in coordination with NCCPL and CDCPL, will hold a Grand Mock Session from January 9–13, 2026 to prepare market participants for the upcoming T+1 settlement cycle.
- [SBP and PBA Launch Awareness Campaign Against Fraudulent Double-Return Schemes](https://pakbanker.com/sbp-and-pba-launch-awareness-campaign-against-fraudulent-double-return-schemes/): The State Bank of Pakistan and Pakistan Banks’ Association issue a public advisory warning citizens about investment scams promising unrealistic double returns, urging verification with authorized financial institutions. 
- [UBL Tops PSX in Market Capitalization, Becomes Largest Listed Company in Pakistan](https://pakbanker.com/ubl-tops-psx-in-market-capitalization-becomes-largest-listed-company-in-pakistan/): United Bank Limited (UBL) surpasses Oil & Gas Development Company (OGDC) to become Pakistan’s largest listed company on the PSX, with market capitalization crossing Rs 1,275 billion, reflecting investor confidence in the banking sector.
- [ADB Recommends Tax Reforms and Regulatory Clarity for Pakistan’s Fintech Sector](https://pakbanker.com/adb-recommends-tax-reforms-and-regulatory-clarity-for-pakistans-fintech-sector/): The Asian Development Bank highlights tax complexity and regulatory gaps as major hurdles for Pakistan’s fintech growth, urging clearer laws, lower rates, adaptive licensing, and regional cooperation to enhance financial inclusion.
- [Foreign Investors Pull $393 Million From PSX Despite 51% Annual Market Returns](https://pakbanker.com/foreign-investors-pull-393-million-from-psx-despite-51-annual-market-returns/): Despite a strong rally in Pakistan’s stock market during 2025, foreign investors withdrew $393 million from PSX in July–December FY26 as concerns over external accounts and trade deficits weighed on sentiment.
- [U Microfinance Bank Achieves Record PKR 10 Billion Disbursements, Strengthening Financial Inclusion in Pakistan](https://pakbanker.com/u-microfinance-bank-achieves-record-pkr-10-billion-disbursements-strengthening-financial-inclusion-in-pakistan/): U Microfinance Bank Limited closed December 2025 with a historic PKR 10 billion in disbursements, the highest in its history, highlighting strong growth in Pakistan’s microfinance sector.
- [NIBAF Pakistan Conducts IBCC-76 Module-2 to Strengthen Islamic Banking Expertise](https://pakbanker.com/nibaf-pakistan-conducts-ibcc-76-module-2-to-strengthen-islamic-banking-expertise/): NIBAF Pakistan successfully held Module-2 of Islamic Banking Certificate Course IBCC-76 in Karachi, focusing on Islamic banking operations, regulatory frameworks, and professional capacity building.
- [PSX Reaches Record Level as KSE-100 Index Closes Above 182,000 on Strong Momentum](https://pakbanker.com/psx-reaches-record-level-as-kse-100-index-closes-above-182000-on-strong-momentum/): Pakistan Stock Exchange surged to a historic high as the KSE-100 index closed at 182,408 points, driven by strong investor confidence, broad-based buying, and expectations of monetary easing.
- [Pakistan Manufacturing PMI Rises to 52.8 in December, Export Orders Grow After Six Months](https://pakbanker.com/pakistan-manufacturing-pmi-rises-to-52-8-in-december-export-orders-grow-after-six-months/): Pakistan’s manufacturing PMI rose to 52.8 in December 2025, the highest since February, reflecting stronger production, rising export orders, improved business confidence, and support from monetary easing.
- [Pakistan and China Agree on CPEC 2.0 During High-Level Strategic Dialogue in Beijing](https://pakbanker.com/pakistan-and-china-agree-on-cpec-2-0-during-high-level-strategic-dialogue-in-beijing/):  Pakistan and China have agreed to align development strategies and launch CPEC 2.0 during the seventh round of their foreign ministers’ strategic dialogue, focusing on industry, technology, trade, and regional connectivity.
- [HBL Pakistan Manufacturing PMI Hits 52.8 in December, Export Orders Grow After Six Months](https://pakbanker.com/hbl-pakistan-manufacturing-pmi-hits-52-8-in-december-export-orders-grow-after-six-months/): Pakistan’s manufacturing sector shows renewed strength in December 2025 with the HBL PMI rising to 52.8, reflecting higher production, improved exports, and rising business confidence supported by SBP’s rate cut.
- [UBL Appoints Muhammad Ramzan as Group Head Retail – Southern Punjab](https://pakbanker.com/ubl-appoints-muhammad-ramzan-as-group-head-retail-southern-punjab/): United Bank Limited has elevated Muhammad Ramzan to Group Head Retail – Southern Punjab, reflecting confidence in his leadership and role in strengthening retail banking operations in the region.
- [Al Meezan Surpasses Rs700 Billion AUM, Retains Position as Pakistan’s Largest AMC](https://pakbanker.com/al-meezan-surpasses-rs700-billion-aum-retains-position-as-pakistans-largest-amc/): Al Meezan Investment Management Limited has crossed Rs700 billion in assets under management, reinforcing its leadership in Pakistan’s Shariah-compliant investment industry.
- [ PTCL Approves Rs15bn Capital Injection for U Microfinance Bank’s Digital Growth](https://pakbanker.com/ptcl-approves-rs15bn-capital-injection-for-u-microfinance-banks-digital-growth/): PTCL Group has approved a Rs15 billion capital injection into U Microfinance Bank to support digital banking expansion, financial inclusion, and new product development across Pakistan.
- [Pakistan Net Borrowing Hits Rs90.94 Billion in FY26 with Weekly Debt Addition of Rs396 Billion](https://pakbanker.com/pakistan-net-borrowing-hits-rs90-94-billion-in-fy26-with-weekly-debt-addition-of-rs396-billion/):  Pakistan’s government added Rs396.07 billion in debt during the week ending December 26, 2025, bringing total net borrowing for FY26 to Rs90.94 billion, with budgetary support accounting for the largest share.
- [CJP Yahya Afridi Calls for Fast-Track Tax Litigation to Boost Investor Confidence](https://pakbanker.com/cjp-yahya-afridi-calls-for-fast-track-tax-litigation-to-boost-investor-confidence/): Chief Justice of Pakistan Yahya Afridi has warned that prolonged tax litigation is straining fiscal space and hurting investor confidence, calling for urgent judicial reforms and stronger coordination with tax authorities.
- [Pakistan PPP Contingent Liabilities Exceed Rs472bn as Sindh Leads Exposure](https://pakbanker.com/pakistan-ppp-contingent-liabilities-exceed-rs472bn-as-sindh-leads-exposure/): Pakistan’s contingent liabilities from public-private partnership projects have crossed Rs472 billion by December 2025, with Sindh accounting for over 70 percent, according to the Ministry of Finance under an IMF-mandated fiscal risk framework.
- [EPBD Challenges Pakistan’s 3.7% Q1 Economic Growth, Flags Methodological Issues](https://pakbanker.com/epbd-challenges-pakistans-3-7-q1-economic-growth-flags-methodological-issues/): An independent think tank has questioned Pakistan’s 3.7% economic growth in Q1 FY2026, arguing that the reported expansion reflects statistical adjustments and import-led activity rather than real production growth. An independent think tank has questioned Pakistan’s 3.7% economic growth in Q1 FY2026, arguing that the reported expansion reflects statistical adjustments and import-led activity rather than real production growth.
- [Pakistan to Raise Rs4.9 Trillion via MTBs and PIBs from January to March 2026](https://pakbanker.com/pakistan-to-raise-rs4-9-trillion-via-mtbs-and-pibs-from-january-to-march-2026/): The government plans to raise Rs4.9 trillion between January and March 2026 through MTBs and PIB auctions, according to the State Bank of Pakistan’s auction calendar.
- [Federal Minister Ahsan Iqbal Pushes Blue Economy to Boost Exports and Maritime Development](https://pakbanker.com/federal-minister-ahsan-iqbal-pushes-blue-economy-to-boost-exports-and-maritime-development/): Pakistan’s Federal Minister for Planning Ahsan Iqbal vows to transform the blue economy into a driver of export-led growth, job creation, and sustainable maritime development.
- [SECP Clears Signature Residency REIT IPO, Fifth Listing on PSX in FY26](https://pakbanker.com/secp-clears-signature-residency-reit-ipo-fifth-listing-on-psx-in-fy26/): SECP approves Signature Residency REIT IPO, offering 8.25 million units to the public. The move strengthens capital formation, financial inclusion, and investor options on Pakistan Stock Exchange.
- [Pakistan Q1 2026 Borrowing Plan Rs4.9 Trillion via T-Bills and PIBs, SBP Interest Rate Cuts](https://pakbanker.com/pakistan-q1-2026-borrowing-plan-rs4-9-trillion-via-t-bills-and-pibs-sbp-interest-rate-cuts/): Pakistan plans to borrow Rs4.9 trillion from commercial banks in Q1 2026 through T-bills and PIBs. SBP’s interest rate cuts and fiscal surplus support prudent debt management and stable money-market conditions.
- [NIBAF Pakistan Promotes Financial Literacy and Social Entrepreneurship Among University Students](https://pakbanker.com/nibaf-pakistan-promotes-financial-literacy-and-social-entrepreneurship-among-university-students/): NIBAF Pakistan conducted a financial literacy and social entrepreneurship session for students at the University of Rawalpindi, focusing on smart financial decision-making, startup frameworks and sustainable social impact.
- [SMEDA Sets Focus on SME Financing, Exports and Women Entrepreneurship in 2026](https://pakbanker.com/smeda-sets-focus-on-sme-financing-exports-and-women-entrepreneurship-in-2026/):  As Pakistan enters the New Year with renewed economic focus, SMEDA has reiterated its commitment to strengthening the SME ecosystem through access to finance, export readiness, digital training, women entrepreneurship and international collaboration.
- [Pakistan to Showcase Mineral Potential at Future Minerals Forum 2026 in Riyadh](https://pakbanker.com/pakistan-to-showcase-mineral-potential-at-future-minerals-forum-2026-in-riyadh/): Pakistan to Showcase Mineral Potential at Future Minerals Forum 2026 in Riyadh Meta Description: Pakistan will present its mineral potential at the Future Minerals Forum in Riyadh through a dedicated pavilion and country showcase session, aiming to attract foreign investment and strengthen mineral and energy cooperation with Saudi Arabia.
- [FBR Records Highest-Ever December Tax Collection as Finance Minister Calls for Wider Tax Net](https://pakbanker.com/fbr-records-highest-ever-december-tax-collection-as-finance-minister-calls-for-wider-tax-net/): Finance Minister Muhammad Aurangzeb has urged the FBR to intensify tax enforcement and broaden the tax base after Pakistan recorded its highest-ever December tax collection, reflecting progress in fiscal reforms and compliance measures.
- [SECP Approves Signature Residency REIT IPO as Fifth PSX Listing in FY2025–26](https://pakbanker.com/secp-approves-signature-residency-reit-ipo-as-fifth-psx-listing-in-fy2025-26/): The SECP has approved the IPO prospectus of Signature Residency REIT, a Shariah-compliant developmental REIT, marking the fifth PSX Main Board listing in FY2025–26 and signaling renewed confidence in Pakistan’s capital markets.
- [Pakistan Consumer Confidence Index Declines in Q1 FY2025–26 but Stays Higher Than Last Year](https://pakbanker.com/pakistan-consumer-confidence-index-declines-in-q1-fy2025-26-but-stays-higher-than-last-year/): Pakistan’s Consumer Confidence Index fell quarter-on-quarter in Q1 FY2025–26 amid inflation and job concerns, but remained significantly higher year on year, reflecting cautious optimism among consumers.
- [VEON Invests $20 Million in Mobilink Bank to Expand Digital Islamic Banking in Pakistan](https://pakbanker.com/veon-invests-20-million-in-mobilink-bank-to-expand-digital-islamic-banking-in-pakistan/): VEON Group has announced a fresh $20 million investment in Mobilink Bank to scale digital Islamic banking, MSME financing, and financial inclusion across Pakistan, reinforcing its long-term commitment to the country’s fintech ecosystem.
- [State Bank of Pakistan Injects Rs13.55 Trillion via Reverse Repo and Shariah-Compliant OMO](https://pakbanker.com/state-bank-of-pakistan-injects-rs13-55-trillion-via-reverse-repo-and-shariah-compliant-omo/): SBP conducts reverse repo and Modarabah-based Open Market Operations, injecting Rs13.55 trillion into Pakistan’s banking system, including Rs12.99 trillion through conventional reverse repo and Rs558 billion via Shariah-compliant instruments.
- [Daewoo Pakistan Express Bus Service Launches First PKR 2 Billion Short-Term Sukuk with Successful Closure](https://pakbanker.com/daewoo-pakistan-express-bus-service-launches-first-pkr-2-billion-short-term-sukuk-with-successful-closure/): Daewoo Pakistan Express Bus Service LTD closes its first PKR 2 billion short-term Sukuk, supported by Pak Oman Investment Company, PACRA, and Shariah advisors, marking a milestone in Pakistan’s capital markets.
- [ADB Approves Technical Assistance to Support Pakistan’s Climate-Resilient and Sustainable Transport Systems](https://pakbanker.com/adb-approves-technical-assistance-to-support-pakistans-climate-resilient-and-sustainable-transport-systems/): Pakistan will receive technical support from the Asian Development Bank to strengthen sustainable transport planning, climate-smart infrastructure, low-carbon solutions, and digital transformation in the sector.
- [Pakistan Foreign Investment Rebounds in December with $20 Million Net Inflow in Treasury Bills](https://pakbanker.com/pakistan-foreign-investment-rebounds-in-december-with-20-million-net-inflow-in-treasury-bills/): Foreign investors returned to Pakistan’s T-bills in December 2025, recording $20 million net inflows amid interest rate cuts, improved policy credibility, and stabilizing sovereign risk sentiment.
- [Pakistan to Redevelop Roosevelt Hotel NYC into High-Rise Through Joint Venture, Targeting $3-4 Billion Investment](https://pakbanker.com/pakistan-to-redevelop-roosevelt-hotel-nyc-into-high-rise-through-joint-venture-targeting-3-4-billion-investment/): Pakistan announces plans to redevelop its Roosevelt Hotel in New York into a 50-60 storey high-rise via joint venture, aiming to boost the value of its stake by up to 250% with $3-4 billion investment.
- [FBR Targets Revenue Recovery to Achieve Revised Tax Collection Goal by March 2026](https://pakbanker.com/fbr-targets-revenue-recovery-to-achieve-revised-tax-collection-goal-by-march-2026/): FBR outlines strategy to bridge Rs336 billion shortfall in FY25-26, focusing on administrative actions, stuck-up revenue recovery, and selective tax measures, achieving 95% of first-half targets.
- [Islamic Finance Industry to Exceed $6 Trillion in 2026 with Growth in Banking, Sukuk, and Fintech](https://pakbanker.com/islamic-finance-industry-to-exceed-6-trillion-in-2026-with-growth-in-banking-sukuk-and-fintech/): Global Islamic finance is projected to surpass $6 trillion in 2026, led by strong growth in banking, sukuk issuance, and fintech, with Africa emerging as the fastest-growing frontier.
- [PTCL Invests Rs15 Billion in U Microfinance Bank to Expand Digital Financial Services](https://pakbanker.com/ptcl-invests-rs15-billion-in-u-microfinance-bank-to-expand-digital-financial-services/): PTCL Group approves Rs15 billion capital injection into U Microfinance Bank to support growth, digital transformation, and financial inclusion across Pakistan’s microfinance sector.
- [Pakistan Energy Sector Review 2025: Circular Debt, Wheeling Charges, LNG Deals, and Reforms](https://pakbanker.com/pakistan-energy-sector-review-2025-circular-debt-wheeling-charges-lng-deals-and-reforms/): In 2025, Pakistan’s energy sector saw major policy moves including circular debt restructuring, introduction of wheeling charges, LNG market reforms, and offshore exploration initiatives to boost efficiency and investment.
- [Pakistan Power Division 2025 Annual Report Highlights Major Reforms, Consumer Relief, and Green Energy Progress](https://pakbanker.com/pakistan-power-division-2025-annual-report-highlights-major-reforms-consumer-relief-and-green-energy-progress/): Pakistan’s Power Division reports record reforms in 2025, including reduced electricity tariffs, circular debt reduction, smart meter rollout, and 55% renewable energy generation, boosting consumer relief and sustainable development.
- [KPRA Records 30% Growth in Sales Tax on Services in FY2025–26 First Half](https://pakbanker.com/kpra-records-30-growth-in-sales-tax-on-services-in-fy2025-26-first-half/): Khyber-Pakhtunkhwa Revenue Authority collects Rs23.26 billion in sales tax on services during July–December FY26, posting a 30% increase due to improved enforcement and tax net expansion.
- [PBS Launches Fully Digital HIES 2024–25 to Guide Pakistan’s Economic and Social Policies](https://pakbanker.com/pbs-launches-fully-digital-hies-2024-25-to-guide-pakistans-economic-and-social-policies/): Pakistan Bureau of Statistics launches the fully digital Household Integrated Economic Survey 2024–25, providing nationwide data to guide policymaking on education, health, income, and cost of living.
- [Pakistan Launches Economic Governance Reforms as PM Cites Record Low Inflation and Reserve Growth](https://pakbanker.com/pakistan-launches-economic-governance-reforms-as-pm-cites-record-low-inflation-and-reserve-growth/): Prime Minister Shehbaz Sharif launches Pakistan’s Economic Governance Reforms, highlighting record-low inflation, rising reserves, fiscal discipline, and a shift from crisis management to sustainable growth.
- [FBR Scrutiny of Top Exporters Sparks Concern Over Pakistan’s Export-Led Growth Strategy](https://pakbanker.com/fbr-scrutiny-of-top-exporters-sparks-concern-over-pakistans-export-led-growth-strategy/): Pakistan’s FBR has ordered scrutiny of tax records of 480 leading exporters following changes in export taxation, triggering concern among business groups over harassment and risks to export-led growth.
- [PakBanker: 2025 Economic Year in Review — Stabilisation, Compression, and the Narrow Bridge to 2026](https://pakbanker.com/pakbanker-2025-economic-year-in-review-stabilisation-compression-and-the-narrow-bridge-to-2026/): An in-depth look at Pakistan’s economy in 2025, examining how IMF-backed stabilisation, tight monetary policy and digital governance reforms restored control without reigniting growth, and what this fragile recovery means as the country heads into 2026.
- [BankIslami aik Promotes Shariah-Compliant Digital Banking for Financial Inclusion in Pakistan](https://pakbanker.com/bankislami-aik-promotes-shariah-compliant-digital-banking-for-financial-inclusion-in-pakistan/): BankIslami’s digital banking platform ‘aik’ meets Khyber Pakhtunkhwa Governor to discuss Shariah-compliant, technology-driven solutions supporting financial inclusion and Pakistan’s transition to a cashless economy.
- [Pakistan Economic Outlook 2026: Industrial Growth, Stable Inflation, and Rising Remittances](https://pakbanker.com/pakistan-economic-outlook-2026-industrial-growth-stable-inflation-and-rising-remittances/): Pakistan’s economy shows positive momentum in early FY2026 with strong industrial output, easing inflation, rising remittances, and fiscal discipline, signaling gradual economic stabilization.
- [SBP reduces Special Cash Reserve Account (US$) rate to 2.69% for January 2026](https://pakbanker.com/sbp-reduces-special-cash-reserve-account-us-rate-to-2-69-for-january-2026/): The State Bank of Pakistan has lowered the remuneration rate on the Special Cash Reserve Account (US$) to 2.69% for January 2026, reflecting alignment with international benchmark rates under the SOFR-linked framework.
- [JazzCash reaches 57 million customers, drives cashless payments growth in Pakistan](https://pakbanker.com/jazzcash-reaches-57-million-customers-drives-cashless-payments-growth-in-pakistan/): JazzCash has surpassed 57 million customers, processing over PKR 15 trillion in transactions as QR-based payments, Raast integration and digital financial services accelerate Pakistan’s shift toward a cashless economy.
- [Bank of Punjab launches Pakistan Skills Impact Bond, Rs 1bn impact finance initiative](https://pakbanker.com/bank-of-punjab-launches-pakistan-skills-impact-bond-rs-1bn-impact-finance-initiative/): The Bank of Punjab, in collaboration with British Asian Trust, has launched Pakistan’s first Skills Impact Bond, a Rs1 billion government-backed initiative using results-based financing to support youth employment and skills development.
- [Pakistan Banks Association Unveils New Executive Committee for 2025–2027](https://pakbanker.com/pakistan-banks-association-unveils-new-executive-committee-for-2025-2027/): Pakistan Banks Association has announced its new Executive Committee for 2025–2027, led by Zafar Masud, focusing on inclusive leadership, innovation and collaboration across the banking sector.
- [Board of Investment vows stronger investor facilitation as Pakistan advances regulatory reforms](https://pakbanker.com/board-of-investment-vows-stronger-investor-facilitation-as-pakistan-advances-regulatory-reforms/): Pakistan’s Board of Investment says regulatory reforms, Special Economic Zones and one-window facilitation are strengthening the investment climate, with the government targeting long-term domestic and foreign investment.
- [LCCI president says 2025 brought stability but structural issues still weigh on Pakistan’s economy](https://pakbanker.com/lcci-president-says-2025-brought-stability-but-structural-issues-still-weigh-on-pakistans-economy/): LCCI President Faheemur Rehman Saigol says Pakistan saw gradual economic stability in 2025, but warns that high energy costs, trade deficit and weak investment continue to limit sustainable growth.
- [SBP launches Pakistan Financial Inclusion Index, inclusion level reaches 58.1 in 2024](https://pakbanker.com/sbp-launches-pakistan-financial-inclusion-index-inclusion-level-reaches-58-1-in-2024/): The State Bank of Pakistan has introduced the Pakistan Financial Inclusion Index (P-FII), revealing an overall inclusion score of 58.1 in 2024 and strengthening evidence-based policymaking under NFIS 2024–28. 
- [Dynamic Solutions Pakistan Introduces DirectPay Platform to Enhance Digital Payments Across Industries](https://pakbanker.com/dynamic-solutions-pakistan-introduces-directpay-platform-to-enhance-digital-payments-across-industries/): Dynamic Solutions Pakistan has launched DirectPay, a secure and innovative digital payments platform offering bill payments, QR payments, IPG, API integration, and custom app development to streamline transactions across multiple sectors. 
- [Pakistan Traders Threaten Shutdown, Protest Mandatory POS System Policy](https://pakbanker.com/pakistan-traders-threaten-shutdown-protest-mandatory-pos-system-policy/):  Traders in Islamabad have warned of road blockades and a possible nationwide shutdown if the government does not withdraw the mandatory POS system policy, citing rising costs, harassment, and challenges for small businesses. 
- [Jubilee Life Partners with Karachi United to Promote School-Level Football and Youth Development](https://pakbanker.com/jubilee-life-partners-with-karachi-united-to-promote-school-level-football-and-youth-development/): Jubilee Life Insurance signs on as Title Sponsor of the 21st Karachi United School Championship, supporting youth football, healthy lifestyles, and structured sports development across Pakistan.
- [Digitt+ Introduces Behavioural Analytics and Data-Driven Payment Solutions for Pakistan’s Digital Finance](https://pakbanker.com/digitt-introduces-behavioural-analytics-and-data-driven-payment-solutions-for-pakistans-digital-finance/): Digitt+ launches a behavioural analytics layer and data-driven products for digital payments in Pakistan, providing real-time insights across transactions, card spend, and bill payments to enhance financial transparency and user engagement. 
- [Pakistan Plans to Expand PNSC Fleet to 54 Ships, Boost Maritime Cargo Capacity](https://pakbanker.com/pakistan-plans-to-expand-pnsc-fleet-to-54-ships-boost-maritime-cargo-capacity/): Pakistan has approved a strategic plan to revive the Pakistan National Shipping Corporation and involve the National Logistics Cell, increasing operational vessels from 10 to 54 by 2030 and reducing reliance on foreign shipping. 
- [Pakistan Introduces Rs1 Billion Skills Impact Bond for Outcome-Based Vocational Training](https://pakbanker.com/pakistan-introduces-rs1-billion-skills-impact-bond-for-outcome-based-vocational-training/): Pakistan has launched its first private-capital-funded Skills Impact Bond, backed by a Rs1bn government guarantee, linking repayments to verified employment outcomes in technical and digital skills training. 
- [Pakistan Q1 FY26 Digital Payments Reach 2.8 Billion Transactions, Mobile Banking Dominates](https://pakbanker.com/pakistan-q1-fy26-digital-payments-reach-2-8-billion-transactions-mobile-banking-dominates/): Digital payments in Pakistan reached 2.8 billion transactions in Q1 FY26, with mobile app-based banking accounting for 81% of digital activity, highlighting rapid adoption of digital financial services. 
- [State Bank of Pakistan Buys $9.7 Billion in Forex Market to Boost Reserves](https://pakbanker.com/state-bank-of-pakistan-buys-9-7-billion-in-forex-market-to-boost-reserves/):  The State Bank of Pakistan purchased a net $9.7 billion from the domestic foreign exchange market between June 2024 and September 2025, strengthening reserves amid consistent dollar buying. 
- [Pakistan Software Export Board Seeks Industry Input to Improve SBP ICT Purpose Codes](https://pakbanker.com/pakistan-software-export-board-seeks-industry-input-to-improve-sbp-ict-purpose-codes/): The Pakistan Software Export Board (PSEB) has requested IT and ITeS industry feedback on SBP purpose codes for ICT export remittances to enhance accuracy, support sector growth, and address emerging digital services. 
- [Pakistan-China Economic Cooperation Strengthened at BOI-CMG Seminar](https://pakbanker.com/pakistan-china-economic-cooperation-strengthened-at-boi-cmg-seminar/): Pakistan and China reaffirmed their commitment to boosting economic cooperation, investment, and innovation under CPEC at a joint BOI-CMG seminar, highlighting people-centered development and investor facilitation. 
- [ICMA Pakistan Announces New President and Office Bearers for 2024–2026 Term](https://pakbanker.com/icma-pakistan-announces-new-president-and-office-bearers-for-2024-2026-term/):  ICMA Pakistan has announced the appointment of Azeem Hussain Siddiqui as President along with newly elected office bearers following the successful completion of its constitutional election process. 
- [Pakistan Digital Payments Surge in Q1 FY26 as Mobile App Transactions Reach 2 Billion: SBP](https://pakbanker.com/pakistan-digital-payments-surge-in-q1-fy26-as-mobile-app-transactions-reach-2-billion-sbp/): Pakistan’s digital payment ecosystem recorded strong growth in Q1 FY26, with mobile app-based transactions hitting 2 billion and accounting for over 80% of all digital payments, according to the State Bank of Pakistan.
- [Pakistan Secures $304.5m ADB Climate Financing for Coastal Resilience and Low-Carbon Agriculture](https://pakbanker.com/pakistan-secures-304-5m-adb-climate-financing-for-coastal-resilience-and-low-carbon-agriculture/):  Pakistan has signed $304.5 million worth of climate-focused financing agreements with the Asian Development Bank to strengthen coastal resilience in Sindh and promote climate-resilient, low-carbon agriculture in Punjab. 
- [Pakistan Plans Mandatory Digital Payments, Raast QR Integration Under New Law](https://pakbanker.com/pakistan-plans-mandatory-digital-payments-raast-qr-integration-under-new-law/): Pakistan’s Finance Division has drafted amendments to the PS&EFT Act, 2007 to mandate digital payment acceptance, expand Raast QR adoption, and empower local governments as part of the Cashless Pakistan initiative. 
- [SBP Buys $1 Billion Forex in September 2025 as Pakistan’s FX Reserves Improve](https://pakbanker.com/sbp-buys-1-billion-forex-in-september-2025-as-pakistans-fx-reserves-improve/): The State Bank of Pakistan purchased $1 billion from the interbank market in September 2025, lifting annual FX intervention to $6.9 billion and supporting reserves amid improved external inflows and stable debt repayments. 
- [Banks Extend Working Hours Until 10pm on December 31 for Tax and Duty Payments](https://pakbanker.com/banks-extend-working-hours-until-10pm-on-december-31-for-tax-and-duty-payments/): Commercial banks across Pakistan will remain open until 10pm on December 31, 2025, to facilitate over-the-counter payment of government taxes and duties, with special clearing arrangements in place. 
- [SBP Announces Bank Holiday on January 1, Public Dealings Suspended Nationwide](https://pakbanker.com/sbp-announces-bank-holiday-on-january-1-public-dealings-suspended-nationwide/): The State Bank of Pakistan has announced a nationwide bank holiday on January 1, 2026, suspending public dealings while ensuring extended hours, special clearing arrangements, and uninterrupted digital banking services for taxpayers and institutions.
- [Pakistan Stock Exchange Hits 174,411 as KSE-100 Index Gains 2,010 Points Mid-Day](https://pakbanker.com/pakistan-stock-exchange-hits-174411-as-kse-100-index-gains-2010-points-mid-day/): Pakistan Stock Exchange (PSX) sees bullish momentum with KSE-100 crossing 174,000, mid-day gains of 2,010 points, and investor base surpassing 450,000, reflecting strong market confidence. 
- [Pakistan to Issue First Panda Bond Ahead of 2026 Chinese New Year, Strengthening China Partnership](https://pakbanker.com/pakistan-to-issue-first-panda-bond-ahead-of-2026-chinese-new-year-strengthening-china-partnership/): Pakistan is set to launch its first Renminbi-denominated Panda bond ahead of the 2026 Chinese New Year, aiming to diversify external financing, tap China’s capital market, and reinforce economic cooperation under CPEC Phase-II.
- [Pakistan GDP Grows 3.71% in Q1 FY2026 with Industrial Growth at 9.38%](https://pakbanker.com/pakistan-gdp-grows-3-71-in-q1-fy2026-with-industrial-growth-at-9-38/): Pakistan’s GDP growth reached 3.71% in Q1 FY2026, driven by 9.38% industrial growth, despite floods, fiscal tightening, energy subsidy withdrawal, and food inflation, according to Federal Minister Ahsan Iqbal. 

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