Sindh Bank Reports Rs 2.5 Billion Pre-Tax Profit in Nine Months, Achieves Record Growth in Deposits and Advances
Sindh Bank posts a pre-tax profit of Rs 2.5 billion in nine months, marking significant growth in operating income, deposits, and advances, highlighting resilience and strong financial performance.
Pakistan Stock Exchange Surges: KSE-100 Index Gains Over 3,200 Points Amid Ceasefire Extension
The Pakistan Stock Exchange rebounded strongly as the KSE-100 Index surged 3,264.91 points, reaching 159,997.78 during intra-day trading. The rally was driven by positive investor sentiment following the extension of the Pakistan-Afghanistan ceasefire, boosting trading across banking, technology, and cement sectors.
NIBAF Conducts Teller Certification Program for Bank of Azad Jammu and Kashmir Officers to Promote Ethical and Professional Excellence
NIBAF Pakistan organized a three-day Teller Certification Program for officers of the Bank of Azad Jammu and Kashmir (BAJK), emphasizing ethics, personal grooming, and professional excellence to enhance frontline banking standards.
NIBAF Hosts Two-Day Prudential Regulations Training for Pak-China Investment Company’s MTOs
NIBAF Pakistan organized a two-day training on “Prudential Regulations – Corporate/Commercial Banking” for Pak-China Investment Company Limited’s MTOs, led by trainer Sayed Mahtab Haider, focusing on regulatory compliance and sound financial practices.
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.