System Limited, another big name in the local IT industry, has entered the e-money business through its subsidiary EP Systems… Read More
Bank AL Habib Made an All-Time High Profit in 2019
Bank Al Habib posted its highest ever profit in 2019 with handsome profit growth of 32 percent year-on-year. The bank’s… Read More
SBP Retains Interest Rate Unchanged at 13.25%
Monetary Policy Committee (MPC) has kept the policy rates unchanged at 13.25 percent for the third time in 6 months.… Read More
Foreign Direct Investment from China Doubles in FY19
China remained the biggest contributor of foreign direct investment in Pakistan showing almost 100 percent growth in inflows in the… Read More
SBP Slams Penalties of Over Rs. 215 Million on 5 Major Banks
State Bank of Pakistan (SBP) has slapped heavy penalties of over Rs. 219 million on five major banks failing in… Read More
SBP Allows Merchant Account Holders to Deposit Cash
State Bank of Pakistan (SBP) has directed conventional and microfinance banks to allow cash deposits into merchant accounts by the… Read More
Atif Bajwa to Join Bank of Punjab as CEO
Atif Aslam Bajwa, a well-known name in the banking industry, has been given the approval to fill the vacant position… Read More
The Economy is Stabilizing But Reaching GDP Growth Target is Unlikely: SBP
Pakistan’s economy is moving progressively towards stability with various macro-economic indicators showing positive signs along with reforms and adjustments, however,… Read More
Branchless Banking Companies Have to Use Biometric Verification For Level-1 Accounts: SBP
State Bank of Pakistan (SBP) has introduced new stringent regulations for Branchless Banking (BB) companies, asking them to conduct biometric… Read More
Banks Fail To Meet The Deadline for Issuing Authentic Rs. 50 Notes
A majority of banking companies have failed to meet the deadline to issue machine-based, authenticated Rs. 50 banknotes. They were… Read More
Meezan Bank Achieves Total Assets of Rs. 1 Trillion
Meezan Bank is continuously growing its business in the country and has achieved total assets of Rs. 1 trillion—a significant… Read More
This is The Largest Container Ship Docked in Pakistan
Hutchison Ports Pakistan made history by welcoming the maiden call of CV COSCOBELGIUM. It is the largest container vessel to… Read More
