2019 was a unique year for the banking sector which not only provided different opportunities to the commercial banks but… Read More
SBP & Local Banks Announce Relief Package for Households & Businesses
Amid growing concerns about the potential economic impact of the COVID-19 pandemic, State Bank of Pakistan (SBP) with the collaboration… Read More
PSX Launches Exchange Trade Fund To Attract Investments
Pakistan Stock Exchange (PSX) has launched the much-awaited Exchange Traded Fund (ETF), an investment product and a collective investment scheme… Read More
Banks To Operate With Minimum Staff for Limited Hours
Bank branches and offices will remain open throughout the country with bare minimum staff for ensuring the continuity of essential… Read More
SBP Makes Online Payments Free for All Commercial Banks
In order to curtail the risk of the spread of Coronavirus (COVID-19) and limit the physical interaction of citizens at… Read More
Foreign Investment Surges to Nearly $4 Billion in Jul-Feb FY20
The net foreign investment inflows have witnessed massive growth, surging to $3.98 billion during the eight months of the financial… Read More
SBP Forecasts Lower GDP Growth for FY2020 Due to Coronavirus
State Bank of Pakistan (SBP) has lowered its projection of real GDP growth for FY20 to 3.0 percent from 3.5… Read More
Avoid Using Cash for Daily Transactions: State Bank
In the wake of a coronavirus outbreak in the country, State Bank of Pakistan (SBP) has shared precautionary tips for… Read More
Banking Industry’s Deposits Surge to Rs. 14.8 Trillion
Banking Industry continued to receive handsome inflows of deposits that have surged to Rs. 14.8 trillion and are likely to… Read More
PRL To Locally Produce Euro-II Standard Fuel & Save Over Rs. 1 Billion
Pakistan Refinery Limited (PRL) is working to upgrade its operational system in order to produce EURO II standard High-Speed Diesel… Read More
Byco to Establish 2 New Units in Pakistan
Byco Petroleum will expand its oil refining operations with the establishment of two new units – Diesel Hydro De-Sulphurising Unit… Read More
Faysal Bank Converts 75% of its Operations to Islamic Banking
Faysal Bank has been aggressive in its plan to convert its conventional banking system into Sharia-based as it has achieved… Read More
