MCB Bank’s Profit Falls 15.5% in 9MFY25 Amid Lower Interest Income and Rising Costs
MCB Bank reported a 15.5% year-on-year decline in net profit for 9MFY25, driven by lower interest income and rising costs. While non-markup income and associate profits improved, increased expenses and credit loss provisions weighed on overall profitability.
Islamic Banking Professional Development Program Empowers Future of Financial Sector in Pakistan
NIBAF Pakistan launches the Islamic Banking Professional Development Program (IBPD – 28) to strengthen expertise in Islamic finance. The five-day program in Karachi brings together SBP and commercial bank officers for specialized training on Shariah-compliant banking principles and regulatory frameworks.
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.
Private sector retires Rs297bn debt in Q1 FY26 as uncertainty stalls fresh borrowing
Pakistan’s private sector retired Rs297 billion in debt during the first quarter of FY26, with no fresh borrowing recorded as businesses held back amid economic and political uncertainty.
NIBAF advances Islamic finance expertise with IBCC-73 training program in Karachi
NIBAF Pakistan has launched Module 3 of the Islamic Banking Certificate Course (IBCC-73) in Karachi to strengthen capacity building in the Islamic banking sector, offering practical knowledge and Shariah-based financial training for commercial bank officers.
NIBAF strengthens Islamic banking expertise with IBCC-73 training program in Karachi
NIBAF Pakistan is conducting the Islamic Banking Certificate Course (IBCC-73) in Karachi to enhance capacity and strengthen practical understanding of Islamic finance principles and operations among commercial bank officers.
SBP Reserves Edge Up by $20 Million, Reflecting External Stability
Pakistan’s foreign exchange reserves recorded a modest weekly increase of $20 million, reaching $14.42 billion at the SBP level. The stability follows a $500 million Eurobond repayment, signaling external account resilience.
Islamic Banking Certificate Course IBCC-73 Module-3 Strengthens Professional Capacity in Shariah-Compliant Finance
The Islamic Banking Certificate Course IBCC-73 (Module-3) has commenced at NIBAF Pakistan Campus in Karachi to strengthen the professional capacity of banking officers in Islamic finance, focusing on products, operational frameworks, and Shariah compliance.
SBP Orders Banks to Deploy Cash Deposit Machines Nationwide by 2028
The State Bank of Pakistan has directed commercial banks to install Cash Deposit Machines across 25% of their branch network by 2028 to promote self-banking, enhance customer convenience, and strengthen digital infrastructure.
NIBAF Pakistan Hosts Islamic Banking Professional Development Program 2025 in Karachi
NIBAF Pakistan is conducting a five-day Islamic Banking Professional Development Program in Karachi, bringing together officers from SBP and commercial banks to strengthen expertise in Islamic finance and Shariah-compliant practices.