SBP reduces Special Cash Reserve Account remuneration rate for February 2026
State Bank of Pakistan cuts remuneration rate on Special Cash Reserve Account (US$) to 2.67% for February 2026 in line with the SOFR-linked mechanism.
Pakistan bank deposits rise to Rs37.4tr in December with advances and investment trends
Total deposits in Pakistan’s scheduled banks rose 5.8% to Rs37.43 trillion in December 2025, while advances increased 10.9% and investments grew 3.2%, according to central bank data.
Bank Alfalah elevates Muhammad Abid Waseem to EVP Business Head – Sahiwal, strengthening regional leadership
Bank Alfalah Pakistan has promoted Muhammad Abid Waseem as EVP Business Head – Sahiwal, recognizing his leadership, strategic vision, and sustained contributions to regional business growth and operational excellence.
Zafar Masud Awarded Honorary Doctorate by Greenwich University, PBA Extends Congratulations
Pakistan Banks’ Association congratulates Chairman Zafar Masud on being conferred an Honorary Doctorate by Greenwich University, recognising his leadership and contributions beyond banking.
Pakistan’s 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
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.
PBA and SBP Conduct Pakistan’s 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.
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.
PBA Constitutes New Executive Committee, Zafar Masud Elected Chairman
The Pakistan Banks Association has announced a new 16-member Executive Committee, with Zafar Masud elected as Chairman, reinforcing the association’s focus on inclusivity, digital innovation, and sustainable economic growth.
SBP Mandates Climate Risk Management Framework for Banks in Pakistan
The State Bank of Pakistan has issued a new regulatory framework requiring banks, DFIs, and microfinance banks to integrate climate-related financial risks into governance, strategy, and risk management systems, with full compliance due by 2029.