Mobilink Microfinance Bank recorded an impressive growth of 165 percent in profits annually. According to available reports, the microfinance bank… Read More
SBP Launches Deposit Protection Scheme for Pakistani Bank Account Holders
All commercial and scheduled banks will have to deposit billions of Rupees into the Deposit Protection Corporation (DPC) in order to… Read More
Only Proper Banking Channels Can Be Used For Availing Tax Amnesty Scheme: SBP
State Bank of Pakistan (SBP) rolled out instructions for beneficiaries of tax amnesty scheme saying that the tax payment can… Read More
Noor Financial Sells Shares Worth Rs 2.61 Billion of Meezan Bank
Noor Financial Investment Company continued with its divestment plans in Meezan Bank as it sold over 36 million shares to… Read More
SBP Designates UBL, HBL & NBP as Systemically Important Banks
State Bank of Pakistan (SBP) appointed three banks— Habib Bank Limited, United Bank Limted and National Bank of Pakistan—as Domestic… Read More
Banks Need to Do More to Promote SME Financing Options: SBP
The State Bank of Pakistan (SBP) has asked commercial banks to set a target of 1000 account holders in every… Read More
Faysal Bank to Acquire Faysal Asset Management Company
The board of directors at Faysal Bank Limited have decided to acquire the complete shares of Faysal Asset Management Company,… Read More
Bank Branches That Don’t Issue Fresh Currency Notes to Public Will Be Penalized: SBP
State Bank of Pakistan (SBP) has announced that it will impose a penalty of Rs. 10,000 on any bank branch… Read More
Number of Mobile and Internet Banking Users Grow in Pakistan
Growing levels of digital literacy and availability of technology are generating sustainable positive outcomes as the use of banking services… Read More
There Are Over 40 Million ATM, Debit and Credit Cards in Use in Pakistan
The number of users of payment cards issued by banks have been on the rise in Pakistan. The total number… Read More
U Microfinance Bank Posts 353% Growth in Profits in 2017
U Microfinance Bank has made tremendous strides during 2017, with its profits increasing by more than three times this year.… Read More
SBP’s Subsidiary Deposit Protection Corporation Starts Operations
Deposit Protection Corporation, the subsidiary of State Bank of Pakistan, has commenced its business and operation in the country with… Read More
