Tamsal Riaz Takes Charge as Head of Branch Banking Operations at Al Baraka Bank Pakistan
Tamsal Riaz has been appointed Head of Branch Banking Operations at Al Baraka Bank Pakistan, bringing extensive experience in operational excellence, service quality, and process optimization to strengthen the bank’s branch network.
Askari Bank Rolls Out Islamic Banking Nationwide to Strengthen Financial Inclusion
Askari Bank expands Shariah-compliant banking services across all branches, aligning with SBP Vision 2028 and Federal Shariah Court directives to promote ethical, inclusive, and customer-centric financial solutions in Pakistan.
SBP Announces Bank Holiday on January 1, Public Dealings Suspended Nationwide
The State Bank of Pakistan has announced a nationwide bank holiday on January 1, 2026, suspending public dealings while ensuring extended hours, special clearing arrangements, and uninterrupted digital banking services for taxpayers and institutions.
State Bank of Pakistan Reduces Policy Rate to 10.5% Amid Economic Recovery
The State Bank of Pakistan’s Monetary Policy Committee (MPC) unexpectedly cut the policy rate by 50 basis points to 10.5%, reversing four consecutive meetings of unchanged rates and marking total easing of 1,150bps since the 22% peak.
Dubai Islamic Bank Reaffirms Commitment to Ethical Banking at IBA-CEIF 10-Year Celebration
Dubai Islamic Bank Pakistan highlights its dedication to ethical, Shariah-compliant banking at IBA-CEIF’s 10-year milestone, showcasing digital innovation, financial inclusion, and industry leadership in Islamic finance.
Meezan Bank Accelerates Branch Expansion to Boost Deposits and Digital Reach
Meezan Bank plans aggressive branch expansion to strengthen deposits and enhance digital banking, aiming for over 1,100 branches by end-2025. The strategy supports 20–30% annual deposit growth, backed by strong CASA ratios, trade finance, and remittance performance.
U Microfinance Bank Strengthens Governance Framework with Appointment of Adeel Shahzad as Head of Branch Internal Controls
U Microfinance Bank appoints Adeel Shahzad as Head of Branch Internal Controls, reinforcing the institution’s operational governance, compliance structure, and nationwide branch oversight in Pakistan’s microfinance industry.
SBP Announces Rs200 Billion PFL Buyback Auction to Manage Liquidity and Debt
The State Bank of Pakistan will conduct a Rs200 billion buyback auction of floating-rate Pakistan Investment Bonds to enhance liquidity, stabilize the debt market, and optimize government debt management.
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.
SBP Mandates Digital Onboarding of SMEs via Video KYC and GPS to Boost Financial Inclusion
The State Bank of Pakistan directs banks to digitally onboard SMEs using video calls, GPS, and alternative data sources to streamline credit processes and enhance financial inclusion.