Universal Network System Limited (BlueEx) plans to set up a local subsidiary in collaboration with international partners to tap into… Read More
Pakistan International Oil Limited Established in Abu Dhabi
A consortium of Pakistan’s companies comprising Oil and Gas Development Company Limited (OGDCL), Mari Petroleum Company Limited (MPCL), Government Holdings… Read More
Angry Customers Switch to Islamic Banks to Protest Against Riba Case
A section of emotionally-charged customers is switching their bank accounts to Islamic banks from four banks including HBL, UBL, NBP,… Read More
Banks Increase Charges for ATM Withdrawals from Other Banks
A few commercial banks have increased the per transaction fee from Rs. 18.50 to Rs. 23.44 for cash withdrawals at… Read More
Packages-led Consortium to Purchase Additional 585,254 Shares of Sanofi Pakistan
The consortium led by Packages Limited has made a public offer to purchase 585,254 ordinary shares of Sanofi-Aventis Pakistan Limited,… Read More
SBP and NBP to Keep Authorized Branches Open on 29 & 30 June
It has been decided that the field offices of the State Bank of Pakistan’s (SBP) Banking Services Corporation and the… Read More
SBP Recommends Work-from-Home Model for Banks to Cut Travel Costs
The State Bank of Pakistan (SBP) has asked commercial banks and financial institutions to introduce measures for reducing the utility… Read More
OGDCL Discovers Gas in South Punjab
Oil and Gas Development Company Limited (OGDCL) has discovered a gas field in Rajanpur, Punjab. A notification issued to the… Read More
SBP to Set Up Wing to Curb Cyberattacks in Financial Sector
The State Bank of Pakistan (SBP) is working to establish a specialized wing to curb the cyberattacks and online financial… Read More
PIBTL Completes Repayment of Outstanding Loans Worth Rs. 5.49 Billion
Pakistan International Bulk Terminal (PIBTL) has released its financial burden of huge loans to the tune of Rs. 5.490 billion.… Read More
MCB Plans to Inject Rs. 4 Billion in MCB Islamic Bank Limited
MCB Bank has planned to inject capital of Rs. 4. billion in its wholly-owned subsidiary MCB Islamic Bank Limited following… Read More
SBP Grants Commercial License to Chinese EMI
The State Bank of Pakistan (SBP) has granted a commercial license to Chinese Electronic Ecommerce Company (CMPECC), an Electronic Money… Read More
