Banking
Banks to Stay Open for Extended Hours on Saturday to Facilitate Tax Payments
2 min read
In a move to ease taxpayer transactions, the State Bank of Pakistan (SBP) has announced that all commercial banks, including National Bank of Pakistan branches…
Banks, PBA Lose Appeals as Tribunal Upholds Rs205 Million ESA Penalty
2 min read
The Competition Appellate Tribunal (CAT) has upheld penalties worth Rs. 205 million imposed on seven major banks and the Pakistan Banks Association (PBA), dismissing their…
AI Efficiency Gains May Put Thousands of Bank Jobs at Risk
2 min read
A new AI impact on banking jobs report by Morgan Stanley warns that artificial intelligence could put up to 200,000 jobs at risk in Europe’s…
Pakistan’s Cashless Push Struggles to Match Regional Peers
2 min read
Pakistan’s transition toward a cashless economy is accelerating, but the country still lags behind regional peers due to structural challenges in its digital payments ecosystem.…
AGP Flags Major Irregularities in NBP Stake Sale to Bestway Group
3 min read
The Auditor General of Pakistan (AGP) has accused the National Bank of Pakistan (NBP) of major procedural and financial discrepancies in the NBP stake sale,…
HBL Profit Rises as Bank Cuts Provisioning Costs
2 min read
Habib Bank Limited (PSX: HBL) has announced its financial results for the nine months ended September 30, 2025, reporting a profit after tax (PAT) of…
After HBL, UBL, Meezan Bank Also Announces Saturday Banking Hours
2 min read
Meezan Bank has announced revised Saturday banking hours, joining other major banks such as Habib Bank Limited (HBL) and United Bank Limited (UBL) in offering…
Pakistan’s IT Exports Jump 24% in July 2025
2 min read
Pakistan’s information technology (IT) and IT-enabled services (ITeS) exports showed strong growth in July 2025. Exports rose by 24 percent year-on-year, reaching $354 million compared…
MCB Bank Profit Drops in H1CY2025
2 min read
MCB Bank Limited (PSX: MCB) has reported a 15.52% decline in profit attributable to equity shareholders for the half-year ended June 30, 2025. The MCB…
Bank Al Habib to shut down Kenya office amid Global Restructuring
2 min read
Bank Al Habib Kenya operations will officially end on May 15, 2025, after seven years of presence in the country. The decision, approved by the…
Bank Alfalah Bangladesh Acquisition Falls Through as HNB Withdraws Interest
2 min read
Bank Alfalah Limited (PSX: BAFL) confirmed on Friday that the proposed Bank Alfalah Bangladesh acquisition by Sri Lanka’s Hatton National Bank (HNB) will no longer…
Moody’s Upgrades Pakistan’s Banking Outlook to Positive
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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…
NBP Shutting Down Operations in Central Asia
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The National Bank of Pakistan (NBP) is set to wind down its operations in the capitals of Kyrgyzstan, Azerbaijan, and Kazakhstan in the coming weeks,…
