Faysal Bank appoints Wasif Rana as Senior Vice President – Head of Business Planning
Faysal Bank Limited names Wasif Rana as Senior Vice President and Head of Business Planning, strengthening its leadership team to support strategic growth and business transformation.
Najd Gateway Holding Moves to Acquire Majority Stake in Samba Bank
Najd Gateway Holding Company announces acquisition of 84.51% of Samba Bank shares, updating capital details in public offer addendum while other terms remain unchanged.
Foreign Investors Repatriate $1.68bn from Pakistan in 7MFY26, Power and Financial Sectors Lead Outflows
Foreign investors repatriated $1.68 billion in profits and dividends from Pakistan during 7MFY26, up 26.26% YoY, with the power and financial sectors leading outflows, according to State Bank of Pakistan data.
Moody’s Revises Pakistan Banking Sector Outlook to Stable Amid Gradual Economic Recovery
Moody’s has changed Pakistan’s banking system outlook from positive to stable, citing a slow and uneven recovery, high government securities exposure, and resilient capital buffers, while forecasting steady credit growth and improved macroeconomic conditions in 2026.
LSE Ventures receives SECP corporate restructuring license to acquire and revive distressed companies
LSE Ventures Limited has obtained a Corporate Restructuring Company license from SECP, enabling it to acquire non-performing assets and undertake restructuring and revival of distressed businesses in Pakistan.
SBP Governor Highlights Pakistan’s Macroeconomic Stability and Role of Capital Markets
State Bank of Pakistan Governor Jameel Ahmad highlights the country’s progress in macroeconomic stability, reduced inflation, and strengthened fiscal buffers, emphasizing the importance of capital markets in sustainable growth.
NIBAF Hosts Women Leadership Workshop to Cultivate Transformational Leaders in Pakistan’s Financial Sector
NIBAF Pakistan hosted a two-day Women Leadership Workshop at its Karachi Campus, empowering women professionals from SBP, commercial banks, and financial institutions to strengthen leadership skills, drive transformation, and create lasting impact in Pakistan’s financial sector.
PKIC Wins Shaukat Khanum Social Responsibility Award 2025 for Community Impact
Pakistan Kuwait Investment Company (PKIC) has received the Shaukat Khanum Social Responsibility Award 2025, a recognition of its ongoing contributions to healthcare and social development in Pakistan. The award highlights the company’s commitment to driving meaningful change for communities nationwide.
ICMA Centre of Excellence and BankIslami sign MoU to advance professional development and industry-academia collaboration
ICMA Centre of Excellence signs MoU with BankIslami Pakistan to promote professional development, enhance outreach, and strengthen linkages between academia and the Islamic finance industry.
Banks and Financial Institutions to Close on August 14 for Independence Day Observance
The State Bank of Pakistan has announced that all banks, microfinance institutions, and development finance institutions will remain closed on August 14, 2025, for Independence Day, with digital banking channels expected to remain available for essential transactions.