China remained the biggest contributor of foreign direct investment in Pakistan showing almost 100 percent growth in inflows in the… Read More
SBP Slams Penalties of Over Rs. 215 Million on 5 Major Banks
State Bank of Pakistan (SBP) has slapped heavy penalties of over Rs. 219 million on five major banks failing in… Read More
SBP Allows Merchant Account Holders to Deposit Cash
State Bank of Pakistan (SBP) has directed conventional and microfinance banks to allow cash deposits into merchant accounts by the… Read More
Atif Bajwa to Join Bank of Punjab as CEO
Atif Aslam Bajwa, a well-known name in the banking industry, has been given the approval to fill the vacant position… Read More
The Economy is Stabilizing But Reaching GDP Growth Target is Unlikely: SBP
Pakistan’s economy is moving progressively towards stability with various macro-economic indicators showing positive signs along with reforms and adjustments, however,… Read More
Branchless Banking Companies Have to Use Biometric Verification For Level-1 Accounts: SBP
State Bank of Pakistan (SBP) has introduced new stringent regulations for Branchless Banking (BB) companies, asking them to conduct biometric… Read More
Banks Fail To Meet The Deadline for Issuing Authentic Rs. 50 Notes
A majority of banking companies have failed to meet the deadline to issue machine-based, authenticated Rs. 50 banknotes. They were… Read More
Meezan Bank Achieves Total Assets of Rs. 1 Trillion
Meezan Bank is continuously growing its business in the country and has achieved total assets of Rs. 1 trillion—a significant… Read More
This is The Largest Container Ship Docked in Pakistan
Hutchison Ports Pakistan made history by welcoming the maiden call of CV COSCOBELGIUM. It is the largest container vessel to… Read More
HBL To Shut Down its Subsidiary in Netherlands
Habib Bank Limited is curtailing its overseas operations and is shutting down another subsidiary, HBL Bank UK in Rotterdam, Netherlands.… Read More
Net FDI Inflows to Pakistan Cross the $2 Billion Mark
Pakistan has continued to receive handsome inflows and the net Foreign Direct Investment (FDI) crossed the $2 billion mark in… Read More
Govt to Issue Sukuk of Over Rs. 600 Billion Against Karachi Airport
The government is planning to issue a Sukuk of Rs. 600-700 billion against Jinnah International Airport, Karachi in the next… Read More
Pakistan Flour Mills Association Fined Rs. 75 Million for Illegally Increasing Prices
Competitive Commission of Pakistan (CCP) has imposed a heavy penalty of Rs. 75 million on Pakistan Flour Mills Association (PFMA)… Read More
Here Are The Top 10 Most Profitable Banks of Pakistan in 2019
Pakistan’s banking industry was in flux during the past five years as the discount rates dramatically reduced to 5.75 percent… Read More
FinTech Association of Pakistan is On The Cards
In order to tap digital financial solutions in the country, the tech-savvy market players are mulling to constitute a FinTech… Read More
