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    Meezan Bank is Offering Exclusive Deals for KIA Lucky Motors

    Meezan Bank plans to promote KIA Lucky Motors’ cars through its Sharia-based auto finance products. In this regard, it has signed a Memorandum of Understanding with KIA Lucky Motors Pakistan Ltd – a collaboration between KIA Motors Corporation, South Korea and the Yunus Brothers Group, Pakistan, formed to start vehicle assembly/manufacturing operations in Pakistan. Under […] More

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    Govt’s Mini Budget Aims to Revitalize the Banking Sector

    The present government is aiming to introduce reforms in the banking sector through finance supplementary bill to enhance the economic contribution of the sector in the economy on a sustainable basis. The government suggested the imposition of tax on banks while removal of taxes on a section of banking customers, and the introduction of new […] More

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    Allied Bank Upgrades its Bahrain Operations

    Allied Bank Limited has booked a provision expense of Rs. 13.3 million in its Bahrain’s operation mainly to adopt the advanced banking standards on par with the accounting policy of the operating country. The adoption of the new standard by the overseas branch resulted in additional provisioning requirement of Rs. 13.3 million as of September […] More

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    Muhammad Aurangzeb Elected As Chairman of Pakistan Banks’ Association

    Muhammad Aurangzeb, President and CEO Habib Bank Limited, has been elected as the Chairman of Pakistan Banks’ Association (PBA). He replaced Aftab Manzoor, President and CEO Soneri Bank, as the chairman of the association. According to the reports, PBA elections were held in Karachi on Monday. The new chief, Muhammad Aurangzeb, has rich experience in […] More

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    Rizwan Ata Moves to Bank Islami

    Rizwan Ata, a big name in the Islamic banking industry, has moved to Bank Islami to head its important commercial unit as the country head distribution. He quit Bank Alfalah as the group head of Islamic banking a few months ago, having served the bank for five and a half years. He was one of […] More

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    Bank Alfalah Under Fire for Sexist Policies

    Bank Alfalah has been grilled on social media for what people called were the ‘sexist policies’ from one of Pakistan’s largest banks. As per details, Sabina Ahmed – a resident of Islamabad – was appalled and let down when she was denied cancellation of a Pay Order due to lack of ‘male witnesses.’ Ms Ahmed […] More