Book Chronicling Meezan Bank’s Remarkable Journey Launched in Lahore
A new book, “Unconventional – The Bank No One Saw Coming,” authored by Sibtain Naqvi, chronicles Meezan Bank’s journey under the visionary leadership of Irfan Siddiqui. The launch in Lahore highlighted the bank’s transformation into Pakistan’s largest Islamic bank and its enduring legacy of ethics and excellence.
President’s Rulings on Banking Appeals Declared Final, Reinforcing Legal Authority of Banking Mohtasib
Legal Adviser to the President of Pakistan, Justice (Retd) Irfan Qadir, reaffirmed that the President’s decisions on appeals against the Banking Mohtasib’s rulings are final and cannot be challenged in court, marking a strong stance on upholding accountability and trust in Pakistan’s financial justice framework.
Deadline Extended for Scam Awareness Media Competition as Pakistan Banks Association Joins as Patron
The Scam Awareness Media Competition, spearheaded by KSBL, JazzCash, and Mobilink Bank, has extended its submission deadline to 19th October 2025. The Pakistan Banks Association has joined as patron, further strengthening the nationwide campaign to combat scams and raise financial awareness.
Pakistan Secures Rs1.2 Trillion Bank Financing Deal to Tackle Circular Debt Crisis
Pakistan’s banking industry has finalized a record Rs1.225 trillion financing and restructuring deal to address circular debt, the largest transaction in the nation’s history. The agreement with 18 banks restructures loans and clears overdue payments, aiming to restore fiscal discipline, ease the energy sector burden, and inject liquidity into priority sectors.
Pakistan’s Banking Sector Drives Landmark Rs. 1.225 Trillion Circular Debt Resolution to Bolster Economic Stability
Pakistan’s banking industry, led by the Pakistan Banks Association, has finalized a historic Rs. 1.225 trillion circular debt restructuring deal to stabilize the energy sector and ease fiscal pressure on the economy.
SECP Issues Circular to Standardize Corporate Bank Account Opening
The Securities and Exchange Commission of Pakistan (SECP) has introduced a standardized board resolution format for corporate bank account openings, aiming to reduce compliance delays, improve transparency, and accelerate digital transformation in the financial sector.
SECP and PBA Join Hands to Unlock Capital Market Potential for Banks
The SECP and Pakistan Banks’ Association are jointly hosting a workshop on “Unlocking Capital Market Potential for Banks,” bringing together regulators, banks, and market participants to explore strategies for deeper collaboration, financial innovation, and sustainable growth.
Pakistan Banks Association Appoints Mir Nejib Rahman as Secretary to Lead Industry Collaboration and Digital Transformation
The Pakistan Banks Association has appointed Mir Nejib Rahman as its new Secretary, bringing over 30 years of expertise in banking, digital finance, and financial inclusion. Rahman, a founding architect of the 1LINK Payment Switch, will lead industry collaboration and digital transformation initiatives.
PBA Chairman Zafar Masud Calls for Breaking Data Silos, Unveils Plans for Financial Data Exchange
PBA Chairman Zafar Masud unveils plans for a national financial data exchange to break institutional data silos and enable inclusive, digital finance in Pakistan.
Finance Minister lauds SBP and banks for record SME and agriculture lending growth in FY25
Pakistan’s Finance Minister Muhammad Aurangzeb has praised the State Bank of Pakistan and commercial banks for achieving robust growth in SME and agriculture financing during FY25, highlighting their critical role in driving inclusive economic growth.