Pakistan Sells First Women Bank to UAE-Based IHC for $14.6 Million Under G2G Deal
Pakistan has sold its entire stake in First Women Bank Limited to UAE-based International Holding Company for $14.6 million, marking the first privatisation under the Shehbaz Sharif government. The deal, executed under the IGCT framework, gives the buyer strategic access to the banking sector with plans for rapid expansion.
Mobilink Bank Named ‘Best in Industry – Banking’ at Best Place to Work Pakistan Awards 2025
Mobilink Bank has been recognized as the Best Place to Work in Pakistan’s banking sector at the Best Place to Work Pakistan Awards 2025, reaffirming its commitment to building a people-first culture, employee engagement, and workplace excellence.
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.
Financial Inclusion in Pakistan Reaches 67% as SBP Targets 75% by 2028
Pakistan’s financial inclusion has climbed to 67%, with the State Bank of Pakistan aiming to push it to 75% by 2028. Governor Jameel Ahmad credits this progress to digital initiatives and inclusive policy measures.
SBP issues guidelines on resolution planning and core data requirements for banks
The State Bank of Pakistan has released guidelines on core information requirements for resolution planning, directing banks to prepare detailed data sets for orderly management of distressed institutions and strengthening financial stability.
NIBAF Launches Mid-Career Management Development Program to Build Leadership Capacity in SBP Officers
NIBAF Pakistan has initiated a three-week Mid-Career Management Development Program to enhance leadership, managerial, and strategic skills of mid-career officers from SBP and SBP-BSC at its Karachi campus.
PSX Closing Bell: KSE-100 Index Crosses 149,000 with Strong Sectoral Support
The Pakistan Stock Exchange started the new month on a bullish note as the KSE-100 Index surged by over 1,300 points, driven by gains in cement, banking, and oil exploration sectors, with trading volumes crossing 1.18 billion shares.
Faysal Bank Reports 23% Decline in Half-Year Profit as Expenses Rise
Faysal Bank Limited reported a 23% drop in profit after tax to Rs10.42 billion for the first half of 2025, as rising operating expenses and weaker returns weighed on earnings despite growth in fee and forex income.
Soneri Bank Earnings Slip 22% in H1 2025 Despite Income Growth
Soneri Bank reported a 22% drop in profit after tax to Rs 2.49 billion for H1 2025, despite 14% growth in income. Rising expenses, tax pressures, and weaker forex earnings weighed on results.
Askari Bank Half-Year Profit Rises 24% to Rs10.7 Billion on Strong Income Growth
Askari Bank posted a 24% rise in half-year profit to Rs10.7 billion for 2025, driven by higher net interest income despite a fall in fee, forex, and dividend income. The bank declared a Rs2 per share dividend.