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Banks
Faysal Bank unveils strong financial results for Q1’24
Islamabad : April 25,2024: Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, continued with its growth stride during the first quarter of 2024, whereby the profit after tax doubled to PKR 6.5 billion as compared to Q1…
Banks’ dedicated branches to observe normal timings on March 30 -31 to collect govt taxes: SBP
Karachi ; March 29, 2024: In order to facilitate the taxpayers in payment of Government duties / taxes, it has been decided that branches of all banks that are open on Saturday shall observe extended banking hours till 4:00 PM on Saturday…
Faysal Bank joins forces for state-of-the-art consumer-credit decision engine
Karachi, January 11, 2024: Faysal Bank (FBL) one of the premier Islamic banks in Pakistan has partnered with DataCheck; forming the industry’s first collaboration for “Hosted Decision Engine”, licensed by Qarar. Through this initiative the…
Saudi Arabia extend $3 billion deposit for one year : SBP
Karachi. Nov 29 : The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term
for the deposit of USD 3 billion maturing on 05 December 2023 for another one year, announced SBP here on Wednesday ..…
SBP governor unveils strategic plan for 2023 – 2028
KARACHI: Nov 17 : The State Bank of Pakistan (SBP) governor , Mr. Jameel Ahmad, launched SBP’s strategic plan,
SBP Vision 2028, for the period 2023-2028 in a ceremony held today at SBP Karachi, which was attended by the senior management…
SBP allows ASA microfinance Bank Limited to commence nationwide operation
KARACHI : November 14, 2023 : The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank Limited to commence its operations nationwide from November 13, 2023.
ASA Microfinance Bank (Pakistan) Limited, licensed by SBP under the…
Workers remittances grow by 11.5 % in October
KARACHI: Nov 10 : The workers’ remittances recorded an inflow of US$2.5 billion during Oct 23, says a State Bank of Pakistan (SBP) issued here on Friday.
The SBP said In terms of growth, during Oct 2023, remittances increased by 11.5…
SBP removes bar of half yearly reporting for banks other RIs
KARACHI : Oct 16: In a bid to ease reporting pressure for the banks , financial institutions, the State Bank of Pakistan (SBP) has discontinued submission of half yearly returns with immediate effect. The central bank in its notification…
Pakistan undertake much-needed structural reforms: SBP chief
KARACHI : Oct 13: Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during
events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the
sidelines of the…
Dr Shamshad meets Moroccan Governor central bank
Morocco: 11th October, 2023. Federal Minister for Finance, Revenue, & Economic Affairs, Dr. Shamshad Akhtar, held a meeting with the Governor of the Central Bank of Morocco on Monday, as part of her official visit to Morocco in…
