KARACHI: 02 October 2024, Governor of the State Bank of Pakistan, Mr Jameel Ahmad, has stated that rapid technological change has not only enabled banks to offer innovative financial services to customers but also empowered regulators to ensure compliance effectively and efficiently through advanced data collection and processing capabilities. He delivered his keynote address at…
Islamabad, October 23, 2023 :In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to 50% of their export proceeds in the Exporters’ Specialized Foreign Currency Accounts (ESFCAs). Further, the usage of the balances available in…
KARACHI: In spite of the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23. According to Arif Habib Limited, the growth in profitability (PAT)…
KARACHI, August 23, 2023: The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a ‘AA-’ long term entity rating assigned from PACRA. This rating upgrade acknowledges the outstanding performance the Bank has consistently delivered in recent periods. Further, the Bank also takes pride in the…
Karachi, March 22, 2021: Khushhali Microfinance Bank has partnered up with 1LINK 1TIP (Cyber Threat Intelligence Platform) to implement a robust cybersecurity posture for the bank and further strengthen their payments ecosystem against ever-increasing cyber threats. Given the industry-wide need to formulate a collaborative deterrence model that enhances the security posture via a trusted threat intelligence-sharing…