The State Bank of Pakistan (SBP) has launched a survey on Pakistan remittances in collaboration with Pakistan Remittance Initiative (PRI).… Read More
SBP Orders Installation of CCTV Cameras at Exchange Companies to Curb Money Laundering
The State Bank of Pakistan (SBP) is planning to tighten the monitoring of exchange companies through CCTV cameras in order… Read More
Bank AL Habib Rolls Back its Operations in Hong Kong
Bank AL Habib has rolled back its operations in Hong Kong through its subsidiary AL Habib Credit & Finance. The… Read More
Pak-India Bilateral Trade Can Increase by 15-Fold: WB
As the recent decision of Pakistan and India to open Kartarpur Corridor for facilitating Sikh pilgrims is set to generate economic… Read More
Pakistan Falls Lower In Latest Tax Collection Rankings
Pakistan is the 2nd lowest in Asia in the overall tax paying category. The country stands behind than Sri Lanka… Read More
SBP Raises Key Interest Rate To 10%
State Bank of Pakistan (SBP) has made a steep increase in the policy rates by 150 basis points that raised… Read More
Banks to Compensate Online Fraud Victims Within 48 Hours
All commercial bank shall compensate their customers within two (02) business days in case of a financial loss to them… Read More
Pakistani Banks Discourage Customers to Invest in Profitable Accounts: Study
The banking industry in Pakistan has its own way of dealing with customers, under a seemingly tough regulator overseeing its… Read More
Bank Al Habib Overtakes Bank Alfalah to Become the 6th Largest Bank in Pakistan
Bank Al Habib has beaten Bank Alfalah in branch network size becoming the sixth largest bank in Pakistan in terms of… Read More
UBL To Shut Down Its Operations In the US
After Habib Bank Limited, another big name of Pakistan’s banking industry, United Bank Limited (UBL), has decided to shut down its… Read More
Current Account Deficit Declines By 4.5% in First Four Months of FY19
The current account deficit, one of the worrisome macroeconomic indicators, continued to decline for the second straight month as it… Read More
SBP Sets Up Helpline for Banks’ Customers Falling Victims to Fraud Phone Calls
In order to counter the rampant fraud calls within the banking industry, the State Bank of Pakistan (SBP) has set up… Read More
