Trending Topics
SBP Dollar Purchases Fall to 16-Month Low at $154 Million
The State Bank of Pakistan (SBP) significantly reduced its dollar purchases from the interbank foreign exchange market in May, with purchases falling to $154 million,…
WISE Accounts Coming to Pakistan for Freelancers Within Weeks
Pakistani freelancers will soon be able to open Wise accounts to receive payments directly from international clients, with the service expected to launch in Pakistan…
Pakistan Banks’ Profit Falls 4% QoQ to Rs168 Billion in 2Q2026
Pakistan’s listed banks recorded Rs168 billion in profit during the second quarter of 2026, remaining flat year-on-year but declining 4% compared with the previous quarter, according…
NBP Profit Drops 24% in 1st Half of CY26 Amid Core Income Shrinkage
The National Bank of Pakistan (NBP) faced a challenging first half of the year. NBP recorded a 24% decline in its net profit for the…
Six UBL Customers Lose Rs. 10.45 Million in Duplicate SIM Banking Fraud
Six United Bank Limited (UBL) customers have reportedly lost a combined Rs. 10.45 million in an alleged cyber fraud involving the misuse of confidential banking…
Rs10 Note to Disappear: SBP Confirms Coin Replacement
The State Bank of Pakistan (SBP) has formally requested the discontinuation of the Rs10 currency note, with the denomination set to be replaced by a…
SBP Urges Banks to Boost Retail Deposits and Private Sector Lending
State Bank of Pakistan (SBP) Governor Jameel Ahmed has urged banks to strengthen retail deposit mobilization and increase lending to the private sector, saying the…
SBP Designates Domestic Systemically Important Banks for 2026: HBL, UBL & NBP
The State Bank of Pakistan (SBP) has officially designated Habib Bank Limited (HBL), United Bank Limited (UBL), and National Bank of Pakistan (NBP) as Domestic…
SBP Injects Rs. 12.38 Trillion Into Banking System Through OMO
The State Bank of Pakistan (SBP) injected Rs. 12.38 trillion into the banking system on Friday through conventional and Shariah-compliant Open Market Operations (OMO) to…
Lahore ATM Card Fraud: FIA Arrests 3 Over Rs15m Scam
The Federal Investigation Agency (FIA) has arrested a three-member gang accused of orchestrating a large-scale digital banking fraud in Lahore that compromised the data of…
Abdul Wahid Sethi Appointed Acting NBP President and CEO
The government has appointed National Bank of Pakistan (NBP) Chief Financial Officer Abdul Wahid Sethi as the acting President and Chief Executive Officer of the…
ABHI Bank Reports Strong H1 2026 Growth as Profit Reaches PKR 1.502 Billion
ABHI Microfinance Bank posted a profit after tax of PKR 1.502 billion for the six months ended June 30, 2026. That compares with PKR 1.019…
