KARACHI, December 6, 2024: As the banking sector gears up for 2025, shifting dynamics are set to redefine the outlook for both conventional and Islamic banks. A key development is the State Bank of Pakistan’s (SBP) updated profit calculation framework for savings accounts, which will come into effect on January 1, 2025. This change is…
KARACHI, December 03 2024: The upcoming meeting of the State Bank of Pakistan’s Monetary Policy Committee (MPC) is set for December 16, 2024. A recent survey conducted by Topline Securities reveals that a majority of participants, 71%, anticipate a rate cut of at least 200 basis points (bps). Among them, 63% expect a 200bps reduction,…
KARACHI, November 22 2024: In a significant move that underscores Pakistan’s rich cultural and religious diversity, the State Bank of Pakistan (SBP) has announced the issuance of a special commemorative coin, valued at Rs. 55, in honor of the 555th Jayanti of Baba Guru Nanak Dev Ji, the revered founder of Sikhism. This coin, set…
Karachi, November 19, 2024: BankIslami, a leading Islamic financial institution in Pakistan, recently joined forces with the State Bank of Pakistan (SBP) to celebrate Women Entrepreneurship Day across its branches nationwide. The event was attended by senior women officials from the SBP, who commended BankIslami for its proactive role in promoting financial inclusion for women….
KARACHI, November 19 2024: The cryptocurrency market has witnessed an extraordinary surge in value following Donald Trump’s resounding victory in the recent US Presidential elections, with the total market capitalization soaring by $820 billion. Before the election, on November 4, the cryptocurrency market closed at a capitalization of $2.5 trillion. However, after Trump’s overwhelming triumph,…