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Governor State Bank: Islamic Banking Needs More Work, Despite Significant Progress Over 8,000 Islamic Banking Branches Now Operating NationwideTrade Deficit Controlled, Inflation Rate Hits 50-Year Low at 0.3%Governor Jameel Ahmed Speaks at Conference in Karachi Karachi (Web News) Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, said thatRead More →

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In: Banking Sector
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ISLAMABAD   (   WEB  NEWS   ) Khushhali Microfinance Bank Limited (KMBL) has taken a significant step toward expanding its Islamic banking offerings by collaborating with Qazi Shariah Consultancy. This strategic partnership is aligned with the State Bank of Pakistan’s Vision 2028, which aims to facilitate the transition of conventional banks intoRead More →

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Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandviwalla Full implementation of Islamic banking is set for 2027, yet progress has been slow. Farooq H Naik The FBR Chairman confirmed a new policy to penalize businesses issuing fake POS receipts, with a fine ofRead More →

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Islamic finance ideally placed to help the country transition towards sustainable finance – Director SBP KARACHI  (  Web  News  ) The Institute of Business Management (IoBM) holds a two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 on 14th, and 15th November 223. Focusing on the theme of “SustainableRead More →

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In: Banking Sector
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HIGHEST EVER BRANCHES OPENED BY THE BANK OF PUNJAB IN 2022 LAHORE ( Web News ) The Bank of Punjab celebrated opening of its 780th branch in Lahore on 25th January 2023, making a total of 116 branches opened during 2022 only. Mr. Zafar Masud (President & CEO – BOP)Read More →

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Bank of AJK Board of Directors decides to start Islamic Banking, set up Microfinance Bank as financial subsidiary of BAJK, Islamic Banking Division established Approves half-yearly accounts in the 60th meeting of the Board of Directors held under the chairmanship of Finance Minister, Chairman Bank Khan Abdul Majid Khan MuzaffarabadRead More →

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Ishaq Dar announces to withdraw appeals filed by SBP & NBP against Federal Shariat Court’s verdict Says govt will make all out efforts for imposition of Islamic banking system in the country with fast pace ISLAMABAD ( Web News ) Minister for Finance and Revenue Senator Mohammad Ishaq Dar onRead More →

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Meezan Bank provides First-of-its-kind Shariah-compliant solution to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited KARACHI ( Web News ) Meezan Bank – Pakistan’s first and largest Islamic bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – aRead More →

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In: Commerce and Industry
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ISLAMABAD ( Web News ) Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to take strong policy measures for further promoting the Islamic Banking products for the private sector that would help in boosting the business activities and the overall economy.Read More →

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Faysal Bank Shares its Unique Transformation Journey at the 4th Round Table Conference on Islamic Banking ISLAMABAD ( Web News ) A local media house recently organized the 4th Round Table Conference on Islamic Banking with the aim of bringing all stakeholders under one roof to discuss the way forward forRead More →

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KARACHI ( PRESS RELEASE ) BankIslami Pakistan Limited, in collaboration with the Centre for Islamic Finance of Lahore University of Management Science (LUMS) successfully conducted a certified program on Islamic Finance for its branch managers in Lahore. This capacity building initiative was aimed at equipping branch managers of BankIslami withRead More →