Tag: Pakistan banking news

SECP Approves Apna Microfinance Bank to Issue Shares Worth Rs1.16 Billion Beyond Right Offers

Apna Microfinance Bank Limited receives regulatory approval from the SECP to issue over 116 million ordinary shares to specific institutional and private investors.

MCB Islamic Bank Launches Seven Shari’ah-Compliant Visa Debit Cards to Enhance Digital Payment Solutions

MCB Islamic Bank has partnered with Visa to launch seven tailored Shari’ah-compliant Visa Debit Cards, providing customers with enhanced convenience, global acceptance, and advanced digital payment solutions.

Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25

Starting October 25, 2025, the State Bank of Pakistan will block all digital bank accounts and mobile wallets without biometric verification, as part of its new framework to enhance financial security, transparency, and compliance across the country’s banking ecosystem.