banks Archives - Pkrevenue.com

Banks set SMS alert charges, telecom operators clarify after Senate scrutiny

April 3, 2026April 3, 2026Hamza Shahnawaz

Islamabad, April 3, 2026 – Telecom operators, including Jazz, Zong, and Ufone, have clarified that SMS alert charges for banking transactions are determined by banks, not telecom providers, amid growing scrutiny by lawmakers.

CEO of Bank of Punjab elected chairman of Pakistan Banks Association

December 28, 2025December 28, 2025Mrs. Anjum Shahnawaz

Karachi, December 28, 2025 – The Pakistan Banks Association (PBA) has elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as its new Chairman, marking a significant leadership transition for the country’s banking industry.

Banks poised to announce strong 2QCY25 earnings

July 10, 2025July 10, 2025Shahnawaz Akhter

Karachi, July 10, 2025 – Pakistan’s banks are gearing up to report bumper earnings for the second quarter of calendar year 2025 (2QCY25), signaling continued financial strength and strategic resilience in a shifting interest rate environment.

BML unveils major corporate developments in landmark disclosure

July 3, 2025July 3, 2025Shahnawaz Akhter

Karachi, July 3, 2025 – In a significant step towards enhancing transparency and reaffirming investor confidence, Bank Makramah Limited (BML) on Thursday disclosed vital corporate developments to the Pakistan Stock Exchange (PSX), outlining major financial transactions and strategic initiatives.

Banks Plan to Move Supreme Court on Windfall Tax

March 6, 2025March 6, 2025Shahnawaz Akhter

Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.

BML Moves Court for Rs 10 Billion Recovery from Omni Group

January 22, 2025January 22, 2025Shahnawaz Akhter

Karachi, January 22, 2025 – Bank Makramah Limited (BML) has initiated legal proceedings to recover Rs 10 billion in non-performing loans (NPLs) from the Omni Group and its affiliated entities.

Banks Pay Price for ADR Tax Removal: Analysts

December 29, 2024December 29, 2024Shahnawaz Akhter

Karachi, December 29, 2024 – Pakistan’s banks face a pivotal moment as it navigates the fallout from recent tax reforms. Analysts at Arif Habib Limited highlighted on Sunday that while the removal of the Advance to Deposit Ratio (ADR) tax on income from government securities brings relief, it comes at the cost of a higher […]

Government Abolishes Additional Tax on Low ADR for Banks

December 28, 2024December 28, 2024Shahnawaz Akhter

Karachi, December 28, 2024 – The federal government has abolished the additional income tax on banks with low Asset-to-Deposit Ratios (ADR). This decision, approved by the federal cabinet, will be implemented through the promulgation of an Income Tax Ordinance.

How Will Pakistan Banks Escape the ADR Tax?

November 23, 2024November 23, 2024Shahnawaz Akhter

With tax obligations tied to the advance-to-deposit ratio (ADR) on the horizon, banks in Pakistan are under pressure to lower deposits and boost lending as 2024 draws to a close. Analysts estimate that banks need to issue an additional Rs 1.85 trillion in loans or reduce deposits by Rs 3.6 trillion during the final months […]

Banks Scramble to Boost ADR and Avoid Tax Hikes

September 8, 2024September 8, 2024Shahnawaz Akhter

KARACHI: Banks in Pakistan are scrambling to meet the required 50% gross advance-to-deposit ratio (ADR) by the end of 2024 to avoid hefty tax rates, analysts said on Saturday. Failure to meet the target would trigger an additional 16% tax on investment income, a financial blow that many banks are eager to sidestep.

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