banking

US warns short banking extension risks economic fallout in West Bank, urges minimum one-year financial stability

The results by three major US banks kicked off the second-quarter earnings season

UBS sees AI transforming client interactions, with customers using AI tools to propose ideas to the bank

Recommend addressing internal challenges, improving linkages with neighbours

Bank of England says banks must retain adequate financial buffers to avoid increasing risk of bank runs

With new Islamic banking windows and branches, BOP reiterates its commitment to expanding Islamic banking in Pakistan

With cutting-edge digital solutions, UBL empowers Pakistan's banking sector with innovative services

Conducts OMO to ensure ample liquidity remains in banking system

People increasingly prefer phone banking with rising use of smartphones

Senate body debates shift towards Islamic banking

SBP governor reaffirms support to Shariah-compliant banking, digital transformation

Govt appreciated for withdrawing SBP, NBP appeals against FSC decision

SBP initiates environmental, social risk management to mitigate climate impact

Economic affairs ministry reviews banking, energy sectors under Taliban regime

Risk avoidance by banking system makes it highly inaccessible for SMEs

Financial institution would provide employment opportunities to unemployed educated youth

State Bank of Pakistan aims to support manufacturing, industrial sectors to further enhance their capacity

BankIslami is the country’s first scheduled Islamic bank

State Bank of Pakistan working on schemes for agriculture, female entrepreneurs, digitalisation

Central bank cites no reason for increase in reserves

Revises rates by up to 90bps in line with hike in returns from related products

Official says digitalisation can be obstacle rather than boon if not fully secured

Credit flow slightly lower than target of Rs1.3tr set by agri-committee

People and businesses ramp up investment in gold, PSX shares, pharmaceuticals

Aims to build cash reserves, ensure autonomy as it records profit of over Rs900b in FY20

SME Bank will lose the initial objective to provide loans to small businesses

Lending to govt peaks at around Rs11 trillion during global health crisis

It took loans of only Rs205b in July due to surge in foreign financing

Fintech expert says AMA platform can help achieve financial inclusion

Move will attract local, foreign investment in renewable energy sector

Committee chairman calls for issuing displeasure note to officials

App designed as one-stop solution to deliver absolute convenience to existing and potential investors

SBP data for 11-month period of FY20 shows CDNS raised Rs306.3b

State Bank of Pakistan tells banks to raise housing loan portfolio to 5% of private sector credit

It comes with waning resilience of small banks, pressure on insurance firms

Certain proportion of public still prefers to use ATM to withdraw cash

Seeks govt approval for remitting $10.9m on condition of partially closing branches

Few gaps in law hamper smooth sharing of information

State Bank of Pakistan believes it will strengthen financial institutions’ capacity to absorb losses

Ministry of Finance says State Bank of Pakistan ‘facilitated speculative behaviour’ of commercial banks

Businessmen argue cottage industries will be unable to pay 4% interest

Move aimed at reducing need to visit bank branches or ATMs

Lack of resources, illiteracy keeping most people away from cashless system of payments

SBP says measures in place to reduce risk of outflow, take maximum benefit of investment

SBP Governor Reza Baqir tells PAC people do not want to come in tax net

Amount raised will be used to pay off some dues of energy firms

National Assembly continues debate on price hike for third straight day

SECP, SBP must work together to ensure collective surveillance of these sales

Reserves depleted by around $1b from August 2019 to January 2020

Plan in progress to find way to offer Shariah-compliant credit cards in the country