Digital transactions stood at 83 percent of total retail payments for the quarter, processed by banks and Electronic Money Institutions… Read More
Microfinance Banks Serving More Accountholders, Borrowers Than Conventional Banks
Microfinance Banks (MFBs) continue to expand their outreach of financial services to the low-income segment of the population despite challenging… Read More
Microfinance Banking Sector’s Losses Reduced By Over Rs. 10 Billion in 2023: SBP
The aggregate profitability of the Microfinance Banks remained in losses for the fifth year in a row, as the sector’s… Read More
UBL Subsidiary Merges With Wall Street Exchange Company
The subsidiary of United Bank Limited, UBL Currency Exchange has merged with Wall Street Exchange Company after the approval of… Read More
SBP Instructs Banks to Adopt Digital Supply Chain Finance Solutions For SMEs
The State Bank of Pakistan (SBP) has issued instructions to banks to develop and implement digital solutions for supply chain… Read More
End Lawlessness in Karachi in 3 Days Or We Strike: Industrialists
Industrialists demanded the security, law, and order authorities to arrest the killers behind the assassination of industrialists and students within… Read More
Islamic Banking Industry Assets Touch Rs. 9 Trillion in 2023
With consistent growth and expansion on all fronts, the Islamic Banking Industry (IBI) has surged to Rs. 9 trillion. According… Read More
Overseas Pakistanis’ Investment in Mutual Funds Doubles in a Year
Overseas Pakistanis are increasingly investing in various mutual funds managed by asset management companies, showing nearly 100 percent growth in… Read More
Pakistan Should Restructure Its Support Prices Mechanism for Crops: SBP
Pakistan can restructure MSP mechanism mainly by prioritizing staple crops, especially wheat, and increasing the role of private sector in… Read More
Here’s Why Pakistani IT Companies Are Struggling to Retain Skilled Employees
Pakistan’s IT companies and software houses continue to witness staff retention challenges as employees are switching jobs frequently because of… Read More
Karachi to be Digitalized after Islamabad: IT Minister
The government is working towards the introduction of digitalization in the country; Islamabad has been selected for its pilot project,… Read More
Mobi Direct Withdraws Payment Gateway License From SBP
Mobi Direct has withdrawn its license from the State Bank of Pakistan for setting up an E-commerce Payment Gateway. The… Read More
