Remittances continued their record run of above $2 billion for the 10th consecutive month from the last year to this… Read More
HBL Planning to Acquire Silkbank’s Consumer Banking After Fauji Foundation Withdraws Interest
Habib Bank Limited (HBL) plans to acquire the Consumer Banking Portfolio of Silkbank Limited. In this regard, the management of… Read More
Lahore Based Pharma to Go Public Soon
Citi Pharma Ltd., a raw material supplier to the Pakistani units of GlaxoSmithKline Plc and Abbott Laboratories, is set to… Read More
Nestle Plans To Invest Rs. 3.4 Billion To Expand its Businesses in 2021
Nestle Pakistan’s management has planned to invest an amount of Rs. 3.4 billion in Pakistan to scale up its operations… Read More
SBP Unveils Five-year Strategic Plan for Islamic Banking Industry
State Bank of Pakistan (SBP) unveiled its third five-year Strategic Plan for the Islamic Banking Industry to achieve 30 percent… Read More
Pakistan Set to Export Beef to China For the First Time in History
For the first time ever, Pakistan is set to begin exporting beef to China in the near future. Organic Meat… Read More
SBP Directs Banks to Ensure Confidentiality of Customers’ Data
State Bank of Pakistan (SBP) directed banks to ensure confidentiality of consumers’ data and required the banks to put in… Read More
SBP Reveals Plans To Set Up Digital Banks in Pakistan
The State Bank of Pakistan (SBP) has progressed towards establishing Digital Banks in Pakistan, and its first step was to… Read More
Govt Relaxes Terms and Conditions for Low-Cost Housing Finance Scheme
The Government of Pakistan (GoP) has revised its markup subsidy scheme of housing finance significantly to align with the prevailing… Read More
Current Account Deficit Falls to $50 Million in February 2021
The current account maintained an improving trend in February 2021 as the deficit narrowed down to $50 million from the… Read More
Mobile Banking Transactions Cross Rs. 1 Trillion for the First Time
The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs.… Read More
HBL to Sell Off Its Business in Mauritius
The management of Habib Bank Limited (HBL) has decided to wind up its operations in Mauritius. The bank is at… Read More
NBP to Shutdown Two More Foreign Subsidiaries
National Bank of Pakistan (NBP) is working to scale down its foreign operations in different countries, including its subsidiaries and… Read More
PSEB Projects Pakistan’s IT Exports to Cross $5 Billion
The exports by Pakistan’s IT industry and its allied sectors, including Business Process Outsourcing (BPO), are estimated to exceed $5… Read More
Microfinance Sector Misses Major Targets In 2020
Pakistan’s microfinance sector achieved a significant milestone with consistent growth over a period of one decade. However, it missed all… Read More
