IBA Karachi’s MS Islamic Banking and Finance Program Marks Key Milestone as Graduates Enter Growing Shariah-Compliant Finance Market
IBA Karachi’s MS Islamic Banking and Finance program, launched in 2017, saw 11 graduates attend the 2025 convocation as demand for Islamic finance professionals rises following the Federal Shariat Court’s conversion deadline.
State Bank of Pakistan Named Resolution Authority for Banks, MFBs, and DFIs Under New Amendments
State Bank of Pakistan has been officially designated as the resolution authority for banks, microfinance banks, and development finance institutions through amendments to the Banking Companies Ordinance 1962. The central bank has issued detailed resolution planning guidelines to strengthen financial stability and manage distressed institutions more effectively.