CAT Upholds CCP Penalties on Banks and PBA in Enhanced Savings Account Cartel Case
Competition Appellate Tribunal dismisses appeals by major banks and PBA, upholding Rs205 million penalties imposed by CCP over cartel-like conduct in the launch of Enhanced Savings Accounts.
SBP Simplifies Overseas Remittance Rules to Cut Delays and Improve Banking Efficiency
State Bank of Pakistan relaxes foreign remittance rules, allowing banks to send salaries and professional fees abroad without prior SBP approval, aiming to improve efficiency and ease compliance.
Faysal Bank Boosts Subsidiary FICECL with Rs. 200 Million Rights Issue
Faysal Bank Limited (FABL) has injected Rs. 200 million into its subsidiary FICECL via a rights issue to comply with regulatory capital requirements, supporting the growth of its forex exchange operations.
PBA Felicitates Meezan Bank CEO Dr. Amir Ali on PhD Achievement
The Pakistan Banks’ Association congratulates Meezan Bank President and CEO Dr. Amir Ali on being awarded a PhD for his research on Islamic digital banking for SME financing.
Bank Alfalah Appoints Raja Shahzad Ali Khan as EVP Business Head
Bank Alfalah Limited appoints Raja Shahzad Ali Khan as Executive Vice President and Business Head, strengthening its leadership team to drive strategic growth and business expansion.
Bank Makramah Announces Capital Reduction and Restructuring Plan to Enhance Shareholder Value
Bank Makramah Limited has announced a capital reduction and restructuring plan, including a share price adjustment and merger with GHDL, aimed at preserving shareholder value and ensuring long-term operational stability.
Bank Alfalah Names Shahid Noor Gondal Senior Vice President Regional Business Head
Bank Alfalah Limited has appointed Shahid Noor Gondal as Senior Vice President and Regional Business Head, reinforcing its leadership structure to support regional growth and banking operations across Pakistan.
Bank Makramah Advances Restructuring with Court-Approved Share Capital Reduction
Bank Makramah Limited moves forward with its restructuring after Islamabad High Court approval, closing share transfer books and completing a major reduction in share capital.
Bank Alfalah Appoints Muhammad Usman Baloch as Senior Vice President – Regional Business Head
Bank Alfalah Limited has appointed Muhammad Usman Baloch as Senior Vice President and Regional Business Head, reflecting confidence in his leadership and regional banking expertise.
UBL Elevates Nadeem Altaf Nasir as General Manager for Bahawalpur Region
United Bank Limited has promoted Nadeem Altaf Nasir to General Manager in Bahawalpur, recognizing his leadership and role in generating over PKR 30 billion in regional trade business.