Islamic Banking Industry (IBI) has made a tremendous stride this year with the growth of profit-before-tax recorded over 100 percent… Read More
Banks’ Non-Performing Loans Surge to Rs 782 Billion
Increasing interest rates, a slowdown in the economy and poor utilization of loans have translated into high Non-Performing Loans (NPLs)… Read More
Plastic Money Users in Pakistan Cross the 42 Million Mark
The use of plastic money has been on the rise in Pakistan with increasing awareness among the public. Banks’ continuous… Read More
SBP Slams Penalties of Over Rs. 800 Million on 10 Commercial Banks
State Bank of Pakistan (SBP) has continued taking strict actions in the financial sector by slamming penalties of over Rs.… Read More
Mobile & Internet Banking on the Rise in Pakistan: SBP
Mobile phone banking users are on the rise in Pakistan as more than 5 million users have been registered until… Read More
Faysal Bank Invests Rs. 500 Million in Subsidiary & Posts 25% Higher Profit in H1 2019
Faysal Bank Limited (FBL), continuing its aggressive plans in the financial sector, has injected Rs. 500 million in its subsidiary… Read More
PTA To Take Steps to Resolve Customer Issues More Aggressively
Pakistan Telecommunication Authority (PTA) plans to resolve consumers’ issues more aggressively by setting up a sophisticated and rapid responsive unit… Read More
UBL Profits Grow by 50% in H1 2019
United Bank Limited (UBL) performed exceptionally in the local banking industry, posting profit growth of 50% in the first half… Read More
HBL Becomes the First Bank in Pakistan to Hit Rs. 2 Trillion in Deposits
HBL has reached the mark of Rs. 2 trillion in deposits in its balance sheet becoming the only bank to… Read More
Banking Industry Fails to Meet Agri-Credit Target of Rs. 1.25 trillion in FY19
Pakistan’s banking industry has once again missed the target of agriculture disbursement of loans by Rs. 76 billion due to… Read More
HBL To Shut Down Its Subsidiary in Hong Kong
Habib Bank Limited (HBL) has announced plans to wind up operations of Habib Finance International Limited, a wholly-owned subsidiary of… Read More
Pakistan Ranks Among the Worst in Logistic Performance Index
Pakistan is ranked at 95 among 167 countries on the aggregated Logistic Performance Index (LPI), trailing behind a number of… Read More
SBP Issues SOPs to Banks for Politicians’ New Accounts
In order to ensure fair and equitable treatment of bank customers, particularly the politicians, the State Bank of Pakistan (SBP)… Read More
Govt’s Current Account Deficit Reduction in FY19 Was More Than the IMF Bailout Package
The current account deficit has recorded a massive reduction of $6.3 billion in the closing financial year 2018-19 mainly due… Read More
Pakistan’s GDP Growth Rate Remained at 3.3% in FY19: SBP
Pakistan’s GDP grew by 3.3 percent in the closing financial year 2018-19 amid tough economic scenario and introduction of structural… Read More
