SBP
Shareholders Approve Silkbank-UBL Merger, Awaiting Final Approval
2 min read
The merger between Silkbank Limited and United Bank Limited (UBL) has been legally accepted by the shareholders of both banks under the Scheme of Amalgamation.…
Multi-Billion-Rupee Solar Panel Import Scam Involves Famous Pakistani Banks
4 min read
The Senate Finance Subcommittee, chaired by Senator Mohsin Aziz, convened on Thursday to discuss the ongoing investigation into the solar panel import over-invoicing. The committee…
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
2 min read
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
Government Exceeds Auction Target with Rs. 452 Billion Raised Through T-Bills
2 min read
Islamabad: The Government of Pakistan successfully raised Rs. 452 billion through its latest Treasury Bills (T-Bills) auction, slightly exceeding its target of Rs. 450 billion…
PTCL-Ufone and Telenor Pakistan Merger Delayed by CCP Review
3 min read
Islamabad: The Pakistan Telecommunication Company Ltd’s Ufone acquisition of Telenor Pakistan, announced nearly a year ago, is facing a regulatory setback, causing a delay in…
SBP to Introduce New Currency Notes with Enhanced Security in 2025
3 min read
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, announced on Monday that the central bank plans to issue new currency notes in…
PTCL Introduces Industry-First WhatsApp-Based Bill Payment Solution in Pakistan
3 min read
Islamabad: Pakistan Telecommunication Company Limited (PTCL), a leading ICT services provider, has collaborated with PayFast, a Payment Service Provider (PSP) licensed by the State Bank…
IT Exports Surge by 28% to $1.86 Billion in First Half of FY25
2 min read
Pakistan’s IT sector achieved a significant milestone in December 2024, recording its highest-ever monthly export value of $348 million. This represents a 15% year-on-year (YoY)…
UBL Converts KP and Balochistan Branches to Full Islamic Banking System
2 min read
In a public email released on Tuesday, United Bank Limited (PSX: UBL) announced that it has successfully converted all its branches in Balochistan and Khyber…
Banking Sector’s ADR Shows Significant Recovery from 38.4% to 51.8% in Q4 2024
2 min read
The State Bank of Pakistan (SBP) has reported a remarkable increase of Rs. 700 billion in bank advances as of December 27th, 2024. The banking…
SBP Reserves Decline to $11.7 Billion After Two Consecutive Drops
2 min read
The State Bank of Pakistan (SBP) reported a decline of over $143 million in its foreign exchange reserves weekly, according to data released by the…
Veon Group Invests $15 Million in Mobilink Bank for Growth and Tech Advancements
2 min read
ISLAMABAD: Veon Group, a global digital operator, has invested $15 million in Mobilink Bank Pakistan to support the bank’s growth initiatives and technological transformation. The…
Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court
2 min read
Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…
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