Allied Bank Limited (ABL) has become the fifth bank in Pakistan to mobilize deposits worth Rs. 1 trillion. ABL is… Read More
Pak Datacom Limited’s Profit Grows 367% in FY 2019
Pak Datacom Limited (PDL), a telecom infrastructure provider and a data network operator, recorded a massive growth in its profit… Read More
MCB Bank is Looking to Wind Up Another Subsidiary
MCB bank is looking to wind up another subsidiary, MCB Financial Management Services Limited, in the coming months after its… Read More
SBP Issues New Regulations To Digitize Retail Payments Around Pakistan
State Bank of Pakistan (SBP) has issued new regulations for digitizing the payment systems of retailers countrywide. This will promote… Read More
UBL Surrenders its Subsidiary’s License in Tanzania
United Bank Limited has surrendered the banking license of its subsidiary, UBL Tanzania, to the central bank of the country… Read More
NBP Assets Are Now Worth More Than Rs. 3 Trillion
National Bank of Pakistan’s (NBP) assets value has crossed Rs. 3 trillion. It becomes the second bank to hit this… Read More
National Payment System Strategy Intends to Boost Pakistan’s GDP Growth to 7%
State Bank of Pakistan has rolled out the National Payments System Strategy aimed at boosting Pakistan’s GDP growth to 7% … Read More
PTA Suggests New Regulations to Put an End to Spam Calls & SMS
PTA plans to control the unwanted messages and calls, usually referred to as spam, unsolicited, fraudulent and obnoxious communications, that… Read More
Current Account Deficit Falls by 63% in Q1 FY 2019-20
Pakistan’s current account deficit has decreased for the first quarter of this financial year (2019-20), going down 63.8%. This is… Read More
MCB Remains Pakistan’s Most Profitable Private Bank in Q3 2019
MCB Bank’s profit increased by 14% year-on-year to Rs. 16.29 billion in the third quarter of 2019, according to the… Read More
MCB Bank To Sell off Its Subsidiary for Rs. 89 Million
According to MCB’s stock filing, the private sector bank has signed a sale purchase agreement with ISE Towers RIET Management… Read More
SBP Hammers Three Banks With Penalties of Rs. 133 Million
The State Bank of Pakistan (SBP) has punished three banks with heavy penalties of Rs. 133.3 million for the violation… Read More
Hum Network Reports its First Ever Loss in 14 Years
Hum Network, one of the growing media groups of Pakistan portrays the financial standing of the country’s media industry with… Read More
SBP Unifies QR Payment Standards Across Pakistan With New Regulations
The State Bank of Pakistan (SBP) has issued standards for commercial banks offering QR payment service. In order to promote… Read More
Oil & Gas Exploration Companies Make Highest Profit Repatriation in Jul-Aug 2019
Oil and Gas Exploration sector has made the highest profit repatriation of $42 million in the first two months of… Read More
