SECP Approves Rs1.5 Billion Capital Injection for HugoBank as Digital Banking Launch Moves Forward
The Securities and Exchange Commission of Pakistan has approved a Rs1.5 billion equity injection for HugoBank, supporting its regulatory capital requirements as the digital retail bank advances toward pilot operations in Pakistan.
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.
Askari Bank Entity Rating Upgraded to AAA by PACRA Following Solid H1 Growth
PACRA upgrades Askari Bank Limited long term entity rating to AAA citing strong balance sheet growth deposit mobilization and strategic ownership support.
United Bank Limited Posts Strong Financial Performance as Deposits Reach Record High
United Bank Limited reports a thirty three percent increase in first half net profit to eighty five point nine billion rupees as deposits touch a historic high.
National Institute of Banking and Finance Announces Professional Program on Collateral Management and Security Structures
NIBAF Pakistan has launched a specialized training session on collateral management, creation, and protection of primary and secondary securities.
State Bank of Pakistan Governor Jameel Ahmad outlines strategy for cashless economy at debit card launch
SBP Governor Jameel Ahmad highlights digital transaction growth and payment system resilience at the launch of the new co-badged card.
Pakistan private sector lending undergoes major shift as Islamic banking windows drive credit growth
State Bank of Pakistan data shows conventional lending shrinking while Islamic banking windows of conventional banks see a fivefold surge in financing.
Standard Chartered Names Adil Salahuddin as New Pakistan Chief Executive Officer
Standard Chartered Pakistan names banking veteran Adil Salahuddin as its new Chief Executive Officer and Head of Coverage.
State Bank of Pakistan Promotes Sajid Khan to Senior Joint Director to Drive Regulatory Strategy
The State Bank of Pakistan elevates Sajid Khan to Senior Joint Director to advance financial stability and regulatory innovation.
State Bank of Pakistan Deregulates Minimum Deposit Rate for Premium Corporate and Individual Accounts
The State Bank of Pakistan has removed the minimum deposit rate requirement on large individual accounts, trusts, and private limited companies, paving the way for commercial banks to save billions in deposit costs.