Sunday, July 3, 2022
Tags Banking sector

Tag: Banking sector

Banks in trouble: Is govt heading for a default?

The State Bank of Pakistan has instructed commercial banks to start taking into account the probability of default on loans taken by the federal...

Collapse of Afghanistan’s banking system could fuel refugee crisis, warns UN

The United Nations on Monday warned that urgent action is needed to prop up Afghanistan's banks, highlighting that an increase in people unable to...

Hike in policy rate; good news for the banking sector

The State Bank of Pakistan (SBP) hiked the policy rate on Monday by 25bps taking the benchmark policy rate to 7.25% from being 7%...

UBL to shut down 54-year-old Swiss subsidiary

KARACHI: United Bank Limited (UBL), one of the largest commercial banks by network and second-largest by deposits in Pakistan, has decided to voluntarily wind...

SBP to announce monetary policy today, interest rate likely to remain unchanged

KARACHI: The State Bank of Pakistan (SBP) will announce its Monetary Policy for the next two months today. The meeting of the monetary policy committee...

Special ATM Monitoring during Ramzan and Eid-ul-Fitr bears substantial results

KARACHI: State Bank of Pakistan (SBP), in collaboration with commercial banks, has been taking a number of steps in order to ensure maximum availability...

HBL declares Profit-Before-Tax of Rs14.5bn

KARACHI: Habib Bank Limited (HBL) Tuesday declared a consolidated profit before tax of Rs14.5 billion for the quarter ended March 31, 2021, more than...

SBP unveils ambitious third five-year plan for Islamic banking industry

KARACHI: State Bank of Pakistan (SBP) Monday unveiled its third five-year Strategic Plan for the Islamic Banking Industry. The strategic plan has set headline...

Leading banks connect to SECP’s portal for real-time access to statutory records

ISLAMABAD: In pursuit of its agenda to promote ease of doing business and digitalization, the Securities and Exchange Commission of Pakistan (SECP), in coordination...

Banks won’t impose any charges on digital banking, says SBP

KARACHI: To encourage the use of the internet and mobile banking services, the State Bank of Pakistan (SBP) said that banks will not levy...

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