State Bank of Pakistan (SBP) directed banks to ensure confidentiality of consumers’ data and required the banks to put in… Read More
SBP Reveals Plans To Set Up Digital Banks in Pakistan
The State Bank of Pakistan (SBP) has progressed towards establishing Digital Banks in Pakistan, and its first step was to… Read More
Govt Relaxes Terms and Conditions for Low-Cost Housing Finance Scheme
The Government of Pakistan (GoP) has revised its markup subsidy scheme of housing finance significantly to align with the prevailing… Read More
Current Account Deficit Falls to $50 Million in February 2021
The current account maintained an improving trend in February 2021 as the deficit narrowed down to $50 million from the… Read More
Mobile Banking Transactions Cross Rs. 1 Trillion for the First Time
The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs.… Read More
HBL to Sell Off Its Business in Mauritius
The management of Habib Bank Limited (HBL) has decided to wind up its operations in Mauritius. The bank is at… Read More
NBP to Shutdown Two More Foreign Subsidiaries
National Bank of Pakistan (NBP) is working to scale down its foreign operations in different countries, including its subsidiaries and… Read More
PSEB Projects Pakistan’s IT Exports to Cross $5 Billion
The exports by Pakistan’s IT industry and its allied sectors, including Business Process Outsourcing (BPO), are estimated to exceed $5… Read More
Microfinance Sector Misses Major Targets In 2020
Pakistan’s microfinance sector achieved a significant milestone with consistent growth over a period of one decade. However, it missed all… Read More
Lucky Cement Starts Cement Production in Iraq
Lucky Cement has commenced its commercial operations of cement plant in Samawah, a city of Iraq, with a production capacity… Read More
HabibMetro Bank Joins The Rs. 1 Trillion Assets Club
HabibMetro Bank surpassed assets value of Rs. 1 trillion in 2020 to become the tenth bank to have achieved this… Read More
Gul Ahmed Posts 65% Growth in Profits
Gul Ahmed Textile Limited has maintained its profit growth of 65 percent in the first half of the financial year… Read More
