IFC Names Pakistani Amena Arif as New Country Manager for the Philippines

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: Pakistani banker Amena Arif has been appointed as the International Finance Corporation (IFC) country manager for the Philippines, making her one of the few…

IMF Endorses Pakistan’s Fiscal Policies, Confirms No Mini-Budget Before June

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Islamabad: Pakistan has successfully concluded negotiations with the International Monetary Fund (IMF), but the release of the $1 billion tranche under the ongoing $7 billion…

SECP Proposes Alternate Dispute Resolution Mechanism for Islamic Finance Contracts

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Islamabad: Under strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector, the SECP intends to introduce an alternate dispute resolution (ADR)…

Samba Bank Secures Board Approval for Full Islamic Banking Conversion

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Samba Bank Limited, a subsidiary of Saudi National Bank, has officially announced its intention to transition from conventional banking to a fully Islamic financial institution.…

SECP Streamlines Digital Distribution of Life Insurance Savings Products

By Huma Ishfaq ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the Directive for the Sale of Life Insurance Savings Products through Technology-Based Distribution Channels,…

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Moody’s Upgrades Pakistan’s Banking Outlook to Positive

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: In a major boost for Pakistan’s banking sector, global credit rating agency Moody’s has revised the country’s banking outlook from stable to positive. “We…

SECP Registers 3,046 New Companies in February 2025

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 3,046 new companies in February 2025, bringing the total number of registered businesses in the…

Silk Bank Merges into United Bank Following SBP Approval

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: The State Bank of Pakistan (SBP) has approved the integration of Silk Bank Limited (SBL) into United Bank Limited (UBL), as announced in a…

Pakistan’s Remittances Rise to $3.1 Billion in February, Marking 38.6% YoY Growth

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Pakistan recorded a significant increase in remittance inflows, reaching $3.1 billion in February 2025, reflecting a 3.8% month-on-month (MoM) increase from January’s $3 billion, according…

State Bank of Pakistan Keeps Policy Rate Unchanged at 12% Amid Economic Considerations

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 5 min read

Defying market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has opted to maintain the policy rate at 12%, citing…

Public Funds or Personal Promotion? Petition Challenges Punjab CM’s Ads on Publicly Funded Electric Buses

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Lahore: A legal petition has been submitted to the Lahore High Court (LHC) challenging the display of Chief Minister Maryam Nawaz’s photographs on newly introduced…

Govt Reassesses Export Facilitation Scheme, Targets $60 Billion in Exports

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Islamabad: The first meeting of the committee formed by the Prime Minister to review the Export Facilitation Scheme (EFS) was held under the chairmanship of…

PM Directs Ministers to Hold Sector-Wise Consultations with Business Leaders to Drive Economic Growth

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 4 min read

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday directed the relevant ministries and authorities to engage with the businessmen and prepare within a week for…

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