State Bank of Pakistan Approves Bank Alfalah Share Subdivision and Capital Restructuring
SBP issues No Objection Certificate to Bank Alfalah for Memorandum and Articles of Association amendments to facilitate proposed stock split and capital changes.
Mashreq Bank Pakistan CEO Muhammad Hamayun Sajjad Hosts Media Iftar in Karachi
CEO of Mashreq Bank Pakistan, Muhammad Hamayun Sajjad, reaffirms the bank’s Islamic-first, digital-first strategy and announces upcoming SME products at a Karachi Iftar.
SBP and Commercial Banks to Remain Closed on March 23 for Pakistan Day
The State Bank of Pakistan (SBP) confirms a nationwide bank holiday on Monday, March 23, 2026, in observance of Pakistan Day.
Soneri Bank Explores Strategic Acquisition to Expand Business and Diversify Operations
Soneri Bank Limited moves to evaluate potential acquisition as part of its long-term growth and diversification strategy, with board approval and regulatory compliance guiding the process.
Sindh Bank Strengthens Position with ‘AA’ Long-Term Rating Upgrade
Sindh Bank’s long-term entity rating has been upgraded to ‘AA’ by VIS, reflecting improved fundamentals, strong governance, and enhanced profitability amid a challenging banking sector.
SBP Governor Highlights Pakistan’s Macroeconomic Stability and Role of Capital Markets
State Bank of Pakistan Governor Jameel Ahmad highlights the country’s progress in macroeconomic stability, reduced inflation, and strengthened fiscal buffers, emphasizing the importance of capital markets in sustainable growth.
Faysal Bank Records PKR 32.8 Billion Profit Before Tax, Strengthening Its Position in Pakistan’s Islamic Banking Sector
Faysal Bank Limited (FBL) has reported a strong financial performance for the nine months ending September 2025, with a profit before tax of PKR 32.8 billion and net profit of PKR 15 billion. The bank’s continued growth in deposits, improved asset quality, and strong capital adequacy underscore its robust Islamic banking model and strategic foresight.
BOP leads PKR 1.5 billion syndicated finance deal for 7.5 MW wind power project
The Bank of Punjab leads a PKR 1.5 billion syndicated financing deal for Burj Clean Energy Modaraba to develop a 7.5 MW wind power project for Power Cement, setting a benchmark for renewable energy financing in Pakistan.
SBP Declares Nationwide Bank Holiday on 12th Rabi-ul-Awwal 2025
The State Bank of Pakistan has announced a nationwide bank holiday on September 6, 2025, in observance of 12th Rabi-ul-Awwal, with all commercial banks, DFIs, and microfinance banks to remain closed.