Banking

BankIslami Launches FOCUS Financing Platform

BankIslami launches FOCUS – a credit and financing platform for faster, seamless customer experience

Karachi, May 25, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic banks, has launched its fully homegrown Finance Origination and Credit Underwriting System (FOCUS), a platform designed to digitalize and accelerate the customer financing journey.Leveraging AI-driven automation, FOCUS reengineers the Bank’s credit underwriting process from initiation to disbursement. The platform replaces …

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Banks to open on May 29th and 30th for tax collection

COLLECTION OF GOVERNMENT DUTIES / TAXES ON FRIDAY & SATURDAY, 29TH & 30TH MAY, 2026

KARACHI: To facilitate taxpayers in making over-the-counter (OTC) payment of Government duties and taxes, the State Bank of Pakistan (SBP) has decided, on the request of Federal Board of Revenue (FBR), that all branches of commercial banks shall observe extended working hours until 05:30 P.M. on Friday, May 29, 2026. …

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Standard Chartered Pakistan hosts Priority Banking clients at Anfield following ‘Score Your Goals’ campaign

Standard Chartered Pakistan hosts Priority Banking clients at Anfield following ‘Score Your Goals’ campaign

KARACHI, 21 May, 2026: Standard Chartered Pakistan hosted its Priority Banking clients at Anfield following its ‘Score Your Goals’ campaign, offering winners an exclusive Liverpool FC experience as part of the Bank’s client engagement proposition. The trip marked the culmination of the investment-led campaign, which gave eligible clients in Pakistan the …

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BankIslami and EXIM Bank Sign Pakistan’s First Shariah-Compliant Trade and Export Finance Partnership

BankIslami and EXIM Bank Sign Pakistan's First Shariah-Compliant Trade and Export Finance Partnership

KARACHI, May 14, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Pakistan (EXIM Bank). With this step, both institutions launched Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. Moreover, the collaboration aims to strengthen the …

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SBP Receives $1.3 Billion from IMF Under EFF and RSF Programs

SBP Receives $1.3 Billion from IMF Under EFF and RSF Programs

KARACHI, May 13, 2026: The State Bank of Pakistan (SBP) has received approximately $1.3 billion from the International Monetary Fund under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs, providing further support to Pakistan’s external financial position. According to the State Bank, the IMF Executive Board …

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