The full-fledged Islamic banks in the country have left behind conventional banks in financing the private sector, surging to Rs.… Read More
E-Commerce Transactions Drop by 22% in Q1 2023
E-commerce transactions have decreased by 22 percent from January to March 2023 depicting the high inflationary trends eroding purchasing power… Read More
Banks Fail to Set up FX Digital Portal & Corporate Debit Cards for IT Sector
Commercial banks in Pakistan have failed to come up with innovative and customized facilities for the IT sector including FX… Read More
Pakistan’s IT Exports Account for Less Than 1% in The Global Market
Pakistan’s IT exports witnessed staggering growth in the last couple of years, surpassing $2.6 billion in the previous financial year.… Read More
SBP to Inspect Borrowers’ Eligibility of PM’s Youth Loan Scheme
The State Bank of Pakistan (SBP) has rolled out the mechanism of PM’s Youth Business and Agriculture Loans Scheme (PMYB&ALS)… Read More
Banks Attract Deposits of Over Rs. 3 Trillion in 1 Year
The deposits of the commercial banks have witnessed staggering inflows of over Rs. 3 trillion merely in one year because… Read More
HBL’s Nepalese Subsidiary Acquires Civil Bank Limited
Habib Bank Limited, through its subsidiary i.e. Himalayan Bank Limited, recently acquired Civil Bank Limited, a commercial bank in Nepal.… Read More
Telenor Microfinance Bank to Get Investment of $15 Million in 2023
Telenor Microfinance Bank will receive an investment of $15 million from its sponsors in the second quarter of 2023 to… Read More
Pakistan’s Optical Fiber Penetration at 1%, Far Below Regional Average: Report
Pakistan’s penetration rate of optical fiber stands at merely 1 percent which is far lower than the regional peers such… Read More
Pakistan is Behind Regional Peers in Setting Up Data Centers: Report
Despite pent-up demand, Pakistan has only 11 data centers, putting the country behind its regional peers in the data center… Read More
MCB Bank Acquires 30% Additional Stake in Asset Management Company
MCB Bank has completed the acquisition of an additional 30 percent stake in its subsidiary, MCB-Arif Habib Savings and Investments… Read More
How to Earn Over 20% Profit Through Sukuks
In order to deal with inflation, an individual can earn a handsome profit of over 20% from his savings through… Read More