Pakistani currency notes have specific features to help the general public and visually impaired persons to identify the genuineness of… Read More
Standard Chartered Bank Gets Yuan Clearing Facility in Pakistan
The State Bank of Pakistan (SBP) has allowed Standard Chartered Bank (SCB) Pakistan Limited to establish their local CNY clearing… Read More
Noor Financial Shareholding in Meezan Bank Reduces to 35%
Noor Financial Investment Company sold out 13% of its overall shareholding in Meezan Bank to various foreign investors but it… Read More
Meezan Bank Misses Targets for Assets, Achieves Profitability in 2018
Meezan Bank fell short in achieving the asset base target of Rs. 954 billion in 2018, however, it surpassed the… Read More
SBP Plans Low-Cost Housing Scheme for Disabled, Widows & Transgender
The State Bank of Pakistan (SBP) is planning to launch a low-cost housing scheme for widows, children of martyrs, special… Read More
Banks’ Non-Performing Loans Swell to Rs. 694 Billion by The End of 2018
Pakistan’s banking industry has made a record by advancing loans of more than Rs. 1 trillion in 2018 but at… Read More
UBL Incurs Loss of Rs. 1 Billion for Shutting Down its New York Branch
United Bank Limited has suffered a loss of more than Rs. 1 billion from the closure of its foreign branch… Read More
Afghanistan Central Bank Disapproves Acquisition of Bank Alfalah Operations
Bank Alfalah’s exit strategy from Afghanistan did not work as the acquiring bank failed to get the approval from the central bank of… Read More
Hum Network Turns Up a Loss After 14 Years
Hum Network Limited, one of the profitable media groups of Pakistan, has witnessed a challenging time, recording losses of Rs.… Read More
UBL to Sell Its Tanzanian Business to Exim Bank
United Bank Limited has announced plans to sell off its operations and business in Tanzania to Exim Bank. The two… Read More
SBP Announces Ideathon for Tech-Based Fintech Startups
State Bank of Pakistan (SBP) has come up with its own Ideathon for fintech startups, aimed at promoting innovative ideas… Read More
Bank Alfalah Makes Over Rs. 10 Billion Profit in 2018
Bank Alfalah Limited sustained its profitability in 2018 with double-digit growth of 27 percent in profit from the previous year.… Read More
