Mutual Funds of various Asset Management Companies (AMCs) attracted over half a billion in investments during 2022 mainly due to… Read More
MCB Bank to Acquire 30% Additional Stake in Asset Management Company
MCB Bank is all set to acquire an additional 30 percent stake in its subsidiary, MCB-Arif Habib Savings and Investments… Read More
SBP Allows Systems Ltd Subsidiary to Start EasyPaisa-Like Wallet Services
The State Bank of Pakistan (SBP) has granted permission to EP Systems to commence its pilot operations within its domain… Read More
Summit Bank’s Shareholders Authorize Rs. 10 Billion Capital Injection
Summit Bank is set to bring stability to its financial management step by step, as the bank’s shareholders authorized the… Read More
Major Acquisitions Dominated Pakistan’s Tech Sector in 2022
The year 2022 closed phenomenally for the IT sector in Pakistan, witnessing several successful mergers and acquisitions. The sector made… Read More
SBP Will Assist Banks to Convert to Islamic Mode
Deputy Governor of the State Bank of Pakistan (SBP) Sima Kamil said that the banking regulator will facilitate banks having… Read More
SBP Sets Criteria for Outsourcing Regulated Entities’ Workload to Cloud Providers
The State Bank of Pakistan (SBP) has rolled out a framework to set out minimum requirements for Regulated Entities (Res)… Read More
Here is How Much Internet Pakistanis Consumed in 2022
The consumption of broadband internet in Pakistan continues to grow on an individual basis every month, as per a new… Read More
Pakistan’s Manpower Exports Reached 7-Year Peak in 2022
According to data from the Bureau of Emigrants and Overseas Employment (BEOE), Pakistan’s manpower exports in 2022 reached 832,339, a… Read More
Roshan Digital Account Inflows Drop 6 Month in a Row
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $5.576 billion by the end… Read More
SBP Yet to Issue Licenses for Digital Banks
The State Bank of Pakistan (SBP) is yet to issue licenses for digital banks despite the overwhelming response received from… Read More
Summit Bank Will Become an Islamic Bank in 3 Years
The management of Summit Bank has planned to transform the operation of the bank from interest-based to Shariah-based banking mode… Read More
