The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped from $17.686 billion to just $5.822 billion… Read More
Service Industries to Expand its Footprint in Singapore
Service Industries, through its subsidiary, has decided to incorporate a new company in Singapore, HoldCo, according to a stock filing.… Read More
SBP Issued 4 Licenses to Fintech Operators in 2022
The fintech market in Pakistan witnessed 2022 as a year of development with various new players entering the local market… Read More
Pakistani Islamic Banks Leave Behind Conventional Banks With Record Growth of 87.5% in 2022
The Islamic banking industry (IBI) has left behind the conventional banking industry by wide margins, showing a handsome pre-tax profit… Read More
1Link Stops Online PTA Payments for DIRBS Due to an Odd Reason
The relevant authorities have directed all commercial banks to restrict the processing of tax payments of mobile levies or handsets… Read More
SBP Waives OTP Requirement for Asaan Mobile Account Opening
State Bank of Pakistan has temporarily waived off the One Time Password (OTP)/Call Back Confirmation (CBC) requirement till 10 May… Read More
Govt Launches Markup Subsidy and Risk-Sharing Financing Scheme for Farmers
In order to enhance agriculture productivity and food security in the country, the Government of Pakistan (GoP) has introduced a… Read More
IFC Divests Over Rs. 2.2 Billion From Bank Alfalah
International Finance Corporation (IFC) has divested over Rs. 2.2 billion from Bank Alfalah. According to the stock filing, the IFC… Read More
Pakistan’s GDP Spending on Education Lowest in South Asia
Pakistan’s GDP spending on education stands lowest among South Asian economies at 2.5 percent, which is much less than the… Read More
Pakistan’s Real GDP Growth to Remain Below 3% in FY23: SBP
Pakistan’s economic growth is expected to moderate considerably during the financial year 2022-23 (FY23), said the State Bank of Pakistan… Read More
Jazz’s Parent Company Accepts Offer for Sale of 10,500 Telecom Towers to TPL-TASC Group
Veon, the parent company of Jazz, has conditionally accepted the offer of TPL REIT Management Company Limited in partnership with… Read More
Searle Pakistan to Raise Rs. 3.2 Billion Through IPO
Searle Pakistan Limited plans to raise an amount of Rs. 3.2 billion by offering its shares through an Initial Public… Read More
