The year 2025 proved to be transformative for Pakistan’s banking and financial sectors, witnessing significant developments that reshaped the industry landscape. From high-profile mergers and acquisitions to the entry of new players and the exit of underperforming firms, the sector experienced dynamic changes that highlighted its resilience and adaptability. Local banks and fintech companies faced […]
Gold prices reached an unprecedented milestone on Wednesday, breaking past $4,000 per ounce for the first time in history as global investors sought refuge from mounting economic and geopolitical instability. The surge marks another chapter in gold’s historic rally, fueled by expectations of U.S. Federal Reserve rate cuts, a weaker dollar, and continued central bank […]
ISLAMABAD, Pakistan – Small and medium-sized enterprises (SMEs) in Pakistan have reason to celebrate. The Finance Ministry has launched the country’s first-ever credit guarantee company, the National Credit Guarantee Company Limited (NCGCL), designed to revolutionize access to finance for this crucial sector. The launch, attended by representatives from key stakeholders, marks a significant step towards […]
The Securities and Exchange Commission of Pakistan (SECP) has recently issued a directive for all Islamic financial institutions to establish Shariah compliance units within their organizations. The purpose of these units is to ensure that all financial products and services offered by these institutions comply with the principles of Islamic law, also known as Shariah. […]
