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
SBP Reserves Fell by Nearly $12 Billion in 2022
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
