Following the success of the Roshan Digital Account framework, the State Bank of Pakistan (SBP) has now devised a ‘Customers’… Read More
Bank Al-Habib to Shut Down its Branch in Seychelles
Bank Al-Habib has decided to reduce its foreign footprint, as it is all set to close its wholesale branch operations… Read More
Banks Approves Around Rs. 60 Billion for Low-cost Mera Pakistan Mera Ghar Housing Scheme
Mera Pakistan Mera Ghar (MPMG), the government’s markup subsidy housing scheme, has picked up the pace as the country’s commercial… Read More
SBP Issues Guidelines To Promote Housing Finance for Under-Construction Housing Projects
The State Bank of Pakistan has issued guidelines for banks and DFIs that will allow buyers to purchase housing units… Read More
Pakistani Consortium Acquires Exploration Rights in Abu Dhabi Offshore Block
A Pakistani consortium has been awarded exploration rights for an offshore block by Abu Dhabi National Oil Company (ADNOC) at… Read More
SBP Opens Up New Investment Options For Overseas Pakistanis
State Bank of Pakistan (SBP) has introduced various options to overseas Pakistanis to invest in Pakistan, mainly in listed and… Read More
Systems Ltd Records Major Increase in Profits for H1 2021
Pakistan’s oldest software house Systems Limited has announced its financial results for the first half of 2021. Systems Limited has… Read More
IT Exports Grew 20% in July 2021 Over July 2020
IT exports maintained a handsome 20 percent growth in July 2021 compared to the export’s value of the same month… Read More
International Packaging Films Ltd Applies for Listing on PSX to Raise Funds for Expansion
International Packaging Films Limited (IPAK) has applied for listing on the Pakistan Stock Exchange to raise funds for the expansion… Read More
SBP Reserves Fall by $223 Million in One Week
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $223 million during the week that… Read More
Meezan Bank Profit Surges Over Rs. 12 billion In H1 2021
Meezan Bank’s profit after tax increased to Rs. 12.6 billion compared to Rs. 11.7 billion in the corresponding period last… Read More
Banking Industry Misses Agriculture Credit Target of Rs. 1.5 Trillion in FY21
The banking industry has failed to achieve its target of Rs. 1.5 trillion for the agriculture credit disbursement due to… Read More
SBP Slams Penalties of Over Rs. 500 Million on 8 Banks
The State Bank of Pakistan (SBP) has implemented its strict regulatory measures against banks that failed to comply with rules… Read More
SBP Launches Digital Cheques Clearing and Unified QR Code in Banking System
Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the introduction of digital financial products… Read More
ICI Pakistan Acquires Majority Stake in NutriCo
ICI has acquired a major shareholding in NutriCo Pakistan, which will become its subsidiary now. According to the stock filing,… Read More
