Pakistan Power Consumers Likely to Get Rs1.75 Per Unit Relief
Pakistan's electricity consumers may get a relief of Rs1.75 per unit as Discos seek NEPRA's nod to refund Rs64 billion from quarterly tariff adjustment.
Category : Banking Sector
3 Drug Suppliers Arrested, 25 Kg Drugs Recovered
Police in Karachi arrested three drug suppliers and recovered 25 kg of drugs during a raid, dealing a blow to the local narcotics network.
Finance Minister Urges Banks to Boost Cybersecurity
Finance Minister Aurangzeb chairs meeting with banks, emphasizes coordinated efforts to strengthen cyber defenses amid rising AI-driven threats to Pakistan's financial sector.
Hotel One Opens New Property in Gujranwala
Hotel One has launched its new property in Gujranwala, featuring 24 rooms and modern amenities, reinforcing its commitment to affordable hospitality across Pakistan.
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Saudi Economy Grows 2.8% in Q1, Non-Oil Sector Leads
Saudi Arabia's real GDP expanded 2.8% in Q1 2026, led by non-oil activities. IMF forecasts 3.1% growth for 2026 as diversification progresses.
Attaullah Tarar Supports IBA Graduate Azhar Memon
Federal Minister Attaullah Tarar met MBA graduate Azhar Memon, who went viral over financial struggles, and assured him of employment assistance.
Six Injured in Swiss Air Evacuation at Delhi Airport
Six passengers were injured and hospitalized after a Swiss Air flight aborted takeoff due to an engine fire, leading to an emergency evacuation at Delhi's Indira Gandhi International Airport.
Saudi Awwal Bank Posts SR2.1bn Q1 Net Profit
Saudi Awwal Bank (SAB) announces SR2.1 billion net profit for Q1 2026, down 2% YoY, with stable operating income of SR3.6 billion. Retail and corporate banking show growth.
Saudi Banks Post Record Q1 Profits of $6.4 Billion
Saudi Arabia's listed banks posted a record $6.4 billion in Q1 2026 profits, up 7.6% year-on-year, driven by Vision 2030 projects and strong lending growth.
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Pakistan Central Bank Hikes Key Rate to 11.5%
Pakistan's central bank raised the key policy rate by 100 basis points to 11.5%, the first hike in nearly three years, amid rising oil prices and inflation.
Pakistan Advisory on Oman Working Hours for Workers
Pakistan issues advisory for overseas workers in Oman regarding working hours and labor rights, emphasizing compliance with Omani laws.
ASA Microfinance Bank and Turaco Launch Embedded Insurance Partnership
ASA Microfinance Bank and Turaco have formed a strategic partnership to integrate affordable insurance directly into microfinance loans, aiming to protect millions of underserved customers across Pakistan from unforeseen financial risks.
SBP Gets $1bn Second Tranche from Saudi Finance Ministry
The State Bank of Pakistan has received a $1 billion deposit from Saudi Arabia's Ministry of Finance, marking the second installment of a $3 billion financial agreement between the two nations.
Pakistan Repays $2 Billion to UAE in Debt Obligations
Pakistan's central bank confirmed a $2 billion repayment to the UAE as part of maturing deposits, with $3.5 billion total due by April end, amid ongoing IMF program and external financing pressures.
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Saudi Arabia Urges Stronger Global Fight Against Illicit Finance
Saudi Central Bank Governor Ayman Al-Sayari emphasized the Kingdom's support for stronger international cooperation to combat money laundering and terrorist financing during the FATF ministerial meeting in Washington.
World Bank Supports Syria's Reserve and Gold Management
The World Bank has agreed to provide technical assistance to Syria's central bank to rebuild foreign currency and gold reserves, aiming to boost liquidity and support economic recovery after years of conflict.
Pakistan, ADB Sign Deal to Boost Business Insurance Access
The Government of Pakistan and the Asian Development Bank have signed a significant agreement to expand access to insurance solutions for businesses, particularly MSMEs, aiming to enhance financial inclusion and economic resilience.
Mobilink Bank Ranks Among Top 10 in GDEIB Awards 2026
Mobilink Bank has been recognized as one of the top 10 organizations at the Global Diversity, Equity, and Inclusion Benchmark Awards 2026, highlighting its commitment to inclusive workplace practices.
Faysal Bank Achieves AA Rating from PACRA
Faysal Bank has been awarded an AA rating by PACRA, reflecting its robust financial stability and strong performance in Pakistan's banking sector.
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SECP Approves 9 Pension Funds for Balochistan, Punjab
The SECP has approved eight pension funds for Balochistan and one for Punjab, advancing Pakistan's pension reform. This brings Balochistan's total to 15 and Punjab's to 25, managed by firms like JS Investments and AWT Investments.
Govt Expands Roshan Digital Account Scheme for Remittances
The Pakistani government has decided to expand the Roshan Digital Account scheme, aiming to increase foreign remittances and support the economy through enhanced digital banking services for overseas Pakistanis.
Life Insurance Guide: When You Actually Need It
Financial experts explain when life insurance becomes essential, detailing policy types, costs, and key considerations for those with dependents or planning ahead.
SBP Lahore Event Commemorates International Women's Day
The State Bank of Pakistan Banking Services Corporation in Lahore organized a special event to celebrate International Women's Day, focusing on women's empowerment and financial inclusion.
State Bank of Pakistan Keeps Policy Rate at 22%
The State Bank of Pakistan has maintained its key interest rate at 22% in its latest monetary policy decision, citing ongoing inflation concerns and economic stability efforts.
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SBP Injects Rs1.91 Trillion via OMO to Boost Liquidity
The State Bank of Pakistan has injected Rs1.91 trillion into the banking system through open market operations to enhance liquidity and stabilize short-term interest rates amid economic conditions.
NBP Partners with Arcana Info to Boost Digital Infrastructure
National Bank of Pakistan has entered into a strategic partnership with Arcana Info to enhance its digital banking infrastructure, aiming to improve customer services and operational efficiency.
Syed Hassan Haider's Role in Digital Banking Coordination
Explore how Syed Hassan Haider, a Senior Business Analyst in Riyadh, ensures smooth digital banking by aligning compliance, QA, and development teams to prevent operational failures and enhance reliability.
CCP Approves Eve Holdings Acquisition of First Women Bank
The Competition Commission of Pakistan has approved the acquisition of First Women Bank Limited by Abu Dhabi's Eve Holdings, concluding no competition concerns in this privatisation deal.
SBP Injects Rs1.57 Trillion, Gold Prices Rise Sharply
The State Bank of Pakistan injected over Rs1.57 trillion into the banking system via open market operations while gold prices climbed significantly, driven by international market trends and geopolitical tensions.
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SBP-IFC Agreement to Enhance SME Financing Access in Pakistan
The State Bank of Pakistan and International Finance Corporation have signed a Memorandum of Understanding to improve access to financing for small and medium enterprises, aiming to stimulate economic growth and job creation.
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