State Bank of Pakistan (SBP) appointed three banks— Habib Bank Limited, United Bank Limted and National Bank of Pakistan—as Domestic… Read More
Banks Need to Do More to Promote SME Financing Options: SBP
The State Bank of Pakistan (SBP) has asked commercial banks to set a target of 1000 account holders in every… Read More
Faysal Bank to Acquire Faysal Asset Management Company
The board of directors at Faysal Bank Limited have decided to acquire the complete shares of Faysal Asset Management Company,… Read More
Bank Branches That Don’t Issue Fresh Currency Notes to Public Will Be Penalized: SBP
State Bank of Pakistan (SBP) has announced that it will impose a penalty of Rs. 10,000 on any bank branch… Read More
Number of Mobile and Internet Banking Users Grow in Pakistan
Growing levels of digital literacy and availability of technology are generating sustainable positive outcomes as the use of banking services… Read More
There Are Over 40 Million ATM, Debit and Credit Cards in Use in Pakistan
The number of users of payment cards issued by banks have been on the rise in Pakistan. The total number… Read More
U Microfinance Bank Posts 353% Growth in Profits in 2017
U Microfinance Bank has made tremendous strides during 2017, with its profits increasing by more than three times this year.… Read More
SBP’s Subsidiary Deposit Protection Corporation Starts Operations
Deposit Protection Corporation, the subsidiary of State Bank of Pakistan, has commenced its business and operation in the country with… Read More
SBP Issues Credit Ratings of Banks, Microfinance Banks and DFIs
State Bank of Pakistan (SBP) has updated the credit ratings of 50 commercial banks, microfinance banks, and Development Finance Institutions… Read More
SBP Releases Branch Codes For Issuance of Fresh Currency Notes for 2018
State Bank of Pakistan (SBP) has issued codes of banks’ e-branches for customers seeking fresh currency notes of various denominations… Read More
SBP to Launch Innovation Challenge Facility to Promote Digital Financial Services in Pakistan
State Bank of Pakistan (SBP) is launching an Innovation Challenge Facility (ICF). This facility aims to find and support innovative… Read More
SBP Raises Policy Rate By 50 bps to 6.50%
The central bank has hiked the policy rate by 50 basis points to 6.50 percent for the next two months,… Read More
Noor Financial Confirms It’s Selling Some Of Its Meezan Bank Shares to Foreign Investors
Noor Financial Investment Company has reached a deal to sell off its 26.447 million ordinary shares of Meezan Bank at a… Read More
Sindh High Court Sanctions Merger Scheme for Waves Singer Pakistan
The merger scheme of Waves Singer Pakistan Limited — an operational and business amalgamation of three companies — is being… Read More
Telenor Microfinance Bank Profits Drop By 53% in 2017
Telenor Microfinance Bank reported a loss in profits of 53% in 2017, marking its first year of independent operations after… Read More
