State Bank of Pakistan Injects Rs3.27 Trillion Into Market Through Open Market Operations
State Bank of Pakistan injected Rs3.27 trillion into the market through conventional reverse repo and Shariah compliant Modarabah based Open Market Operations, with Rs2.65 trillion provided through conventional operations and Rs620 billion through Islamic liquidity operations.
Government Raises Rs170.98 Billion Through Hybrid Sukuk Auction Against Rs125 Billion Target
The Government of Pakistan raised Rs170.976 billion through its latest Hybrid Sukuk auction conducted via the Pakistan Stock Exchange, exceeding the combined pre-auction target of Rs125 billion amid strong demand for both fixed-rate and variable rental rate instruments.
Bank of Punjab Receives SBP Approval to Establish Overseas Wholesale Banking Unit in Bahrain
Bank of Punjab has received in-principle approval from the State Bank of Pakistan to establish an Overseas Wholesale Banking Unit in Bahrain, subject to regulatory clearances from Pakistan and Bahrain.
Pakistan Raises Rs134.6 Billion Through Hybrid Sukuk And Ijarah Sukuk Auctions
The Government of Pakistan raised Rs134.6 billion through the latest Hybrid Sukuk and 10-year Ijarah Sukuk auctions conducted through the Pakistan Stock Exchange Auction System.
DIB Pakistan Begins Core Banking Transformation With Systems Limited And Temenos Cloud Platform
DIB Pakistan partners with Systems Limited to migrate from Oracle Flexcube to Temenos Transact cloud-native core banking platform for digital banking modernization.
NIBAF Concludes Intensive 6-Day Islamic Banking Certificate Course IBCC-79 in Karachi
NIBAF Pakistan successfully wraps up the 79th iteration of its flagship Islamic Banking Certificate Course for central and commercial bank officers in Karachi.
NIBAF Pakistan Announces Two-Day Workshop on Islamic Banking Shariah Compliance Risk Management
NIBAF Pakistan conducts a specialized two-day workshop in Lahore on managing Shariah non-compliance risk across Islamic financial institutions.
NIBAF Pakistan Announces One-Day Workshop on Managing Shariah Board Secretariat
NIBAF Pakistan will host a practical workshop on Managing Shariah Board Secretariat in Karachi to strengthen Islamic banking governance and compliance.
PACRA Upgrades Askari Bank Rating to AAA with Stable Outlook
The Pakistan Credit Rating Agency upgrades Askari Bank long term credit rating to AAA with a stable outlook highlighting financial resilience and growth.
Meezan Bank and Abbasi Company Partner to Launch Islamic Brokerage Window
Meezan Bank signs an agreement with Abbasi and Company Private Limited to provide Shariah advisory support for a new Islamic Brokerage Window.