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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…
SBP Cancels License of Al-Rahim Exchange Company Over Severe Violations
The State Bank of Pakistan (SBP) just took strict regulatory action recently. SBP officially cancelled the authorization and license of M/S Al-Rahim Exchange Company (Pvt.)…
Meezan Bank to Launch Two Shariah Compliant Credit Cards in 2027
Meezan Bank Limited is getting ready to launch two new Shariah compliant card products. Recently, during its 2026 analyst briefing, the bank’s management shared exciting…
Roshan Digital Account Inflows Rise 52% to $282 Million in July
Investment inflows through Roshan Digital Accounts (RDAs) increased by 52% year-on-year to $282 million in July 2026, reflecting stronger participation from overseas Pakistanis. According to the latest data…
Muhammad Ali Malik Appointed SBP Deputy Governor for 5 Years
The federal government has appointed Muhammad Ali Malik as Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term with immediate effect. According to…
