National Bank of Pakistan (NBP) shareholders approved the scheme of arrangement to spin off part of the SME Bank’s lending portfolio at the Extraordinary General Assembly meeting held on January 6, 2025. The approval was given during the meeting, which took place at the NBP’s headquarters and electronically. The approved scheme includes the separation and … Read more
Banks disbursed Rs 2.2 trillion to the non-government sector, including the private sector and NBFCs, during the first five months of FY25, as they aimed to meet their advance-to-deposit ratio (ADR). The goal set by the government. Under the 2024-25 budget, banks that fail to raise the daily access rate to 50% by December 31 … Read more
The Securities and Exchange Commission of Pakistan (SECP) is intensifying its regulatory oversight of capital markets and companies, targeting illegal financial practices while enhancing investor confidence through advanced technology-based initiatives. The Securities and Exchange Commission (SECP) bans 142 unauthorized digital lending apps and takes action against more than 50 unregistered deposit-taking entities and fraudulent investment … Read more
The Islamabad High Court (IHC) has temporarily barred the government from collecting up to 15% additional taxes from banks that fail to meet private sector lending targets in 2024. Nearly a dozen banks have sought relief from the Islamabad High Court, protesting against the levy introduced in the 2025 federal budget. According to media reports, … Read more