The asset value of United Bank Limited has continued to rise gradually crossing the milestone of Rs. 2 trillion. UBL… Read More
Govt Sets up Islamic Company to Attract Investments in Naya Pakistan Certificates
The government has established a wholly-owned special purpose entity, namely Islamic NPC Company Limited (INPCCL), which shall be issuing Islamic… Read More
IT Exporters Can Now Retain a Big Chunk of Their Foreign Exchange Earnings
In order to facilitate IT exporters, the State Bank of Pakistan (SBP) has relaxed the conditions of maintaining foreign exchange… Read More
Meezan Bank Reports Massive Growth in Profit During Q3 2020
Meezan Bank has recorded stellar profit growth of 65% by the end of the third quarter of 2020 due to… Read More
Dawood Lawrencepur to Invest Rs. 30 Million in Reon Alpha
Dawood Lawrencepur will inject an amount of Rs. 30 million in its wholly-owned subsidiary, Reon Alpha, in order to expand… Read More
SBP Announces Govt’s Low-Cost Housing Finance Scheme
The State Bank of Pakistan (SBP) has announced the much-awaited housing finance scheme that deemed to have designed in a… Read More
Remittances From Overseas Pakistanis Cross $2 Billion for the 4th Consecutive Month
Remittances from Overseas Pakistanis continued to show a healthy trend with a record trend of above $2 billion inflows for… Read More
SBP Allows Banks to Outsource Their Cash Processing Functions
State Bank of Pakistan (SBP) decided to provide flexibility to banks allowing them to outsource the function of the currency… Read More
SBP to Penalize Banks Failing to Meet Housing Finance Targets
State Bank of Pakistan (SBP) has introduced a mechanism to penalize the banks for any shortfall in meeting the target… Read More
Tax Revenues from Banks Deposits and Securities Go Up by 120%
Federal Board of Revenue (FBR) has generated handsome revenues from banks and banks customers on the account of withholding taxes… Read More
SBP Asks Banks To Utilize Disinfecting Machines for Currency Notes
State Bank of Pakistan (SBP) has directed banks to use the option of disinfecting currency notes through machines certified by… Read More
SBP Issues Guidelines for DFIs to Undertake Shariah Compliant Business
To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another… Read More
Silk Bank Records a 16X Jump in Net Profits During H1 2020
Silk Bank Limited has made a surprise recovery from massive losses to handsome profitability, which stood at Rs. 1.88 billion… Read More
Servis Industries Ltd. Plans to List Its Subsidiary at PSX
In order to raise capital, Servis Industries Limited has planned to list its wholly-owned subsidiary, Servis Global Footwear Company at… Read More
SBP Allows Use of Limited Outsourcing of Cloud Services To Financial Institutions
State Bank of Pakistan (SBP) has allowed the use of limited outsourcing of cloud computing services to banks and financial… Read More
