Meezan Bank Targets Shariah-Compliant Card Launch in 2027, Plans 1,250 Branches
Meezan Bank plans to launch two Shariah-compliant card products in 2027 and expand its branch network to 1,250 locations by year-end while increasing its focus on SME financing.
Bank of Punjab Receives SBP Approval to Establish Overseas Wholesale Banking Unit in Bahrain
Bank of Punjab has received in-principle approval from the State Bank of Pakistan to establish an Overseas Wholesale Banking Unit in Bahrain, subject to regulatory clearances from Pakistan and Bahrain.
Emirates NBD To Acquire HSBC Egypt Retail Banking Business, HSBC Expects $300 Million Gain
Emirates NBD Egypt has signed a definitive agreement to acquire HSBC Egypt’s retail banking business, including branches, ATMs, customers, and employees, subject to regulatory approvals.
Bank of Punjab Approves Rs 1 Billion Capital Injection for BOP Exchange Growth
The Bank of Punjab’s Board of Directors approved a Rs 1 billion capital injection into BOP Exchange Private Limited to strengthen regulatory capital and support expansion in currency exchange and remittance services.