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Banks
Faysal Bank recognized as fastest growing bank in Pakistan’s remittance sector
Islamabad : – December 17, 2024 – Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fastest Growing Bank in…
SBP Encourages RAAST Payments in Online Shopping Stores
Karachi (Newsman): By March 2025, banks and financial institutions will be required by the State Bank of Pakistan (SBP) to implement the RAAST payment system in online retail and e-commerce sites.
Consequently, banks will make RAAST P2M…
Faysal Bank wins top awards at IRBA 2024
,Islamabad : November 28, 2024 - Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, received two prestigious awards at the 10th Islamic Retail Banking Awards, securing recognition as the Best Islamic Retail Bank for Consumer…
ADB Welcomes Masato Kanda as New President
Manila (Newsman): Masato Kanda has been unanimously elected as the eleventh president of the Asian Development Bank (ADB) by the board of governors.
Mr. Masato Kanda, 59, serves as Special Advisor to Japan's Prime Minister and Minister…
Minister Urges ADB to Establish Database for Courts and Police Stations
Islamabad: A delegation from the Asian Development Bank (ADB) Pakistan Mission, led by Senior Director Tariq Niazi, called on the Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, today.
The delegation…
SBP suspends Islamabad Exchange Company (Pvt) Limited for violation of monetary rules
Karachi : The State Bank of Pakistan has suspended the authorization of Exchange Company namely M/s
Islamabad Exchange Company (Pvt.) Limited with immediate effect till further orders, upon violations
of SBP rules and regulations.…
SBP on path to major financing share for women: Deputy Governor Saleem Ullah
Islamabad : State Bank of Pakistan (SBP) Deputy Governor , Saleem Ullah , on Wednesday informed a session of Sustainable Development Policy Institute (SDPI) that the central bank was taking extraordinary measures to ensure women…
SBP Grants Licenses to Four Financial Institutions to Boost E-Payments in Pakistan
KARACHI, November 6, 2024: The State Bank of Pakistan (SBP) has issued licenses to four financial institutions to advance the country’s electronic payment systems, signaling a significant rise in digital payment adoption nationwide.…
Govt Proposes Amendments to SBP Act, Opening Door for Digital Currencies
ISLAMABAD, November 4, 2024: The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act that would allow dual nationals to serve as governors and deputy governors of the central bank.
In a significant shift,…
Faysal Bank Joins Zaman Foundation for Tharparker Water Initiative
Islamabad: With a solar-powered Reverse Osmosis (R.O.) water filtration system, Faysal Bank Limited (FBL), one of Pakistan's top Islamic banks, is honored to partner with the Zaman Foundation to provide the residents of Ramiyo Gajju with…
