Fintech News Pakistan’s Post

The country's total liquid foreign reserves have now reached $14.7 billion, with commercial banks holding $5.28 billion in net foreign reserves. State Bank of Pakistan (SBP) #FintechnewsPakistan #SBP #ForeignExchangeReserves #Fintech #Banking #LiquidFireignReserves #CommercialBanks #Pakistan #PakistanFintechNews

The State Bank of Pakistan (SBP) has published its Financial Stability Review for 2023, which highlights significant developments in the Islamic finance and banking sectors, including the Takaful segment, and their contributions to Pakistan’s goal of transitioning into a fully Islamic financial system by 2027. https://lnkd.in/g2AH-GGX #REDmoney #IFN #IslamicFinance #Finance #Takaful #Sukuk #IslamicBanking #FinancialGrowth #IslamicInvestments #ShariahCompliant #DigitalBanking #FinancialInclusion #EconomicDevelopment #StateBankOfPakistan #Pakistan

🏦 Pakistan’s Diverse Banking Sector: A Strong Financial Framework. Learn more about Pakistan's diverse banking landscape here - https://buff.ly/2In4RHy Pakistan's banking sector is a dynamic blend of 31 institutions, including commercial, foreign, and Islamic banks, as well as development financial institutions and microfinance banks. Of these, 5 are public sector banks, 22 are private banks, and 4 are foreign banks, contributing to a robust financial structure. #PakistanBanking #FinancialSector #IslamicBanking #CommercialBanks #GlobalFinance #EconomicGrowth

The State Bank of Pakistan (SBP) is poised to unveil a groundbreaking platform, InvestPak, designed to enable individuals and corporations to invest directly in government securities. This initiative aims to bypass traditional banking channels, offering investors the opportunity to earn higher returns and fostering a culture of savings and investment... Read More: https://lnkd.in/eNrhimuS For more details visit raisedbynumbers.com #RBN #RaisedbyNumbers

Recapitalization exercise has begun among Nigerian Deposit Money Banks. The capital base are: 1. International Deposit Money Banks #500billion. 2. National Deposit Money Banks #200 billion. 3. Regional Deposit Money Banks #50 billion

Bangladesh Bank forms a 6-member taskforce to reform the banking sector, focusing on distressed assets, non-performing loans, and strengthening financial stability. Global experts to team up for improved governance and asset recovery. #GDDAMCL #greendeltadrago #mutualfund #bestinvestment #assetmanagement

The State Bank of Pakistan (SBP) has issued revised instructions to facilitate the implementation of the International Financial Reporting Standard 9 (IFRS 9) across financial institutions, including #banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs). Read more: https://lnkd.in/dE6taK4B State Bank of Pakistan (SBP) #FintechNewsPakistan #SBP #DFIs #MFBs #Guidelines #Banks #DFIs #MFBs #Fintech #Pakistan #PakistanFintechNews #IFRS

The Islamic banking industry in Pakistan continues to set remarkable benchmarks! Deposits have surged to an impressive Rs. 7.4 trillion, showcasing the trust and confidence of customers in Shariah-compliant financial solutions. This milestone reflects the growing preference for ethical and interest-free banking, aligning with the values of our society. The industry's consistent growth is not just a testament to its resilience but also to its potential for driving financial inclusion and sustainable economic development. As part of this dynamic sector, we remain committed to furthering the cause of Islamic finance and fostering a robust financial ecosystem. #IslamicBanking #ShariahFinance #EthicalBanking #PakistanEconomy #FinancialInclusion #MeezanBank #BankingInnovation

Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance the investor experience in Pakistan.… Read More: https://lnkd.in/dPhgdhMx