Money & Banking Archives - Page 8 of 497

Huawei Technologies, PVARA discuss cybersecurity for digital assets

Islamabad, April 18, 2026 – A senior delegation from Huawei Technologies held talks with Bilal Bin Saqib, Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), to explore cooperation on cybersecurity and digital exchange infrastructure, officials said on Saturday.

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April 18, 2026

Rupee edges higher against dollar on Saudi inflows

KARACHI, April 17, 2026 — The Pakistani rupee strengthened slightly against the US dollar on Friday, supported by a fresh $2 billion inflow from Saudi Arabia, according to State Bank of Pakistan (SBP) data.

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April 17, 2026

BankIslami to issue Rs5 billion Sukuk to strengthen capital base

KARACHI, April 16, 2026 — BankIslami Pakistan Limited has approved the issuance of a Shariah-compliant Sukuk worth up to Rs5 billion, aiming to strengthen its regulatory capital and support future growth, the bank said in a filing with the Pakistan Stock Exchange (PSX) on Thursday.

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April 16, 2026

Crypto firms can now access banks in Pakistan under new law

The State Bank of Pakistan’s decision to allow regulated banking access for Pakistan Virtual Asset Regulatory Authority (PVARA)-licensed virtual asset service providers (VASPs) marks a significant policy shift—arguably one of the most consequential in the country’s financial regulatory landscape since 2018.

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April 16, 2026

UBL says GCC exposure contained despite Middle East tensions

KARACHI, April 16, 2026 — United Bank Limited (UBL) said on Wednesday that its exposure to the Gulf Cooperation Council (GCC) region remains limited and well-secured, even as geopolitical tensions in the Middle East continue to create uncertainty in global financial markets.

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April 16, 2026

Banks flood T-bill auction as SBP receives Rs4 trillion bids

KARACHI, April 15, 2026 — Pakistan’s commercial banks aggressively participated in the latest treasury bill auction on Wednesday, submitting bids worth more than Rs4 trillion against a government target of Rs1.35 trillion, underscoring ample liquidity in the banking system.

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April 16, 2026

Bank deposits in Pakistan hit record Rs37.51 trillion: SBP

KARACHI, April 15, 2026 – Bank deposits in Pakistan surged to an all-time high of Rs37.51 trillion by the end of March 2026, according to data released by the State Bank of Pakistan (SBP) on Wednesday, reflecting continued growth in the country’s banking sector despite monetary easing.

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April 15, 2026

UBL posts 38% profit growth in Q1 2026, declares Rs8 dividend

KARACHI, April 15, 2026 — United Bank Limited (UBL) on Wednesday reported a strong 38% year-on-year increase in after-tax profit for the first quarter ended March 31, 2026, supported by robust income growth and gains on securities, according to a filing with the Pakistan Stock Exchange (PSX).

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April 15, 2026

Rupee gains as dollar slips to Rs278.97 in interbank market

KARACHI, April 14, 2026 — Pakistan’s rupee edged higher against the U.S. dollar in the interbank market on Tuesday, supported by steady inflows and central bank management, according to official data.

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April 14, 2026

Pakistan banks see Rs141bn rise in manufacturing deposits in March 2026

KARACHI, April 14, 2026 — Commercial banks in Pakistan recorded an increase of more than Rs141 billion in deposits from the manufacturing sector in March 2026, reflecting shifting liquidity patterns amid heightened geopolitical uncertainty, according to data released by the State Bank of Pakistan (SBP).

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April 14, 2026

Category: Money & Banking