Banking & Finance

The Pakistan Stock Exchange (PSX) has announced the appointment of Mr. Farrukh H. Sabzwari as its new Chief Executive Officer (CEO), effective November 18, 2024....

Rabeel Warraich, Founder and CEO of Sarmayacar, has announced the launch of the Climaventures Fund, a $40 million initiative focused exclusively on addressing Pakistan’s escalating...

The federal government has announced the postponement of the privatization of the National Bank of Pakistan (NBP) due to legal complications. This decision contradicts an...

Sindh Modaraba Management Limited (SMML) is delighted to announce the appointment of Mr. Abdul Rauf Chandio as its new Chief Executive Officer, effective immediately. Mr....

The Central Depository Company of Pakistan (CDC), leveraging its advanced technological capabilities, has facilitated the establishment of a Centralised Auto Insurance Repository. This initiative is...

MCB Bank Limited (PSX: MCB) has announced that it has received shareholder approval to incorporate 39 branches, along with all associated rights and obligations, into...

United Bank Limited (UBL) has successfully completed the sale of its 55 percent stake in United National Bank Limited UK (UNBL UK) to Bestway Group,...

Ithmaar Holding, the parent company of Faysal Bank Limited (PSX: FABL), is set to receive $225 million from the sale of a 75 percent stake...

Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully issued its second public financing deal, a $400 million Sukuk. This...

In a significant development for Pakistan's financial sector, former State Bank of Pakistan (SBP) governor and ex-caretaker finance minister, Dr Shamshad Akhtar, has been appointed...