State Bank of Pakistan (SBP) has updated the credit ratings of 50 commercial banks, microfinance banks, and Development Finance Institutions… Read More
SBP Releases Branch Codes For Issuance of Fresh Currency Notes for 2018
State Bank of Pakistan (SBP) has issued codes of banks’ e-branches for customers seeking fresh currency notes of various denominations… Read More
SBP to Launch Innovation Challenge Facility to Promote Digital Financial Services in Pakistan
State Bank of Pakistan (SBP) is launching an Innovation Challenge Facility (ICF). This facility aims to find and support innovative… Read More
SBP Raises Policy Rate By 50 bps to 6.50%
The central bank has hiked the policy rate by 50 basis points to 6.50 percent for the next two months,… Read More
Noor Financial Confirms It’s Selling Some Of Its Meezan Bank Shares to Foreign Investors
Noor Financial Investment Company has reached a deal to sell off its 26.447 million ordinary shares of Meezan Bank at a… Read More
Sindh High Court Sanctions Merger Scheme for Waves Singer Pakistan
The merger scheme of Waves Singer Pakistan Limited — an operational and business amalgamation of three companies — is being… Read More
Telenor Microfinance Bank Profits Drop By 53% in 2017
Telenor Microfinance Bank reported a loss in profits of 53% in 2017, marking its first year of independent operations after… Read More
SBP Sets Paid-up Capital Limit of Rs. 225 Million for Private Credit Bureaus
In light of the verdict issued by High Court of Sindh (SHC), State Bank of Pakistan (SBP) has notified that… Read More
Bank Alfalah to Sell Off Its Afghanistan Operations to Azizi Bank
Bank Alfalah Limited (BAFL) has decided to sell off its businesses and operations in Afghanistan to the locally administered Azizi Bank… Read More
Arif Habib Corp. Invests Rs. 67 Million in Orix Leasing
Arif Habib Corporation, one of the renowned business conglomerates in Pakistan, has invested an amount of Rs. 67.53 million in… Read More
Pakistan Borrows $1.2 Billion From Chinese Banks to Boost Forex Reserves
Pakistan’s foreign exchange reserves have increased by $593 million; now standing at $17.71 billion by April 28, 2018. According to… Read More
WorldCall Telecom Earns Rs 114 Million Profits in Q1 2018
WorldCall Telecom has earned Rs 114 million in net profit during the first quarter of 2018, according to its recent… Read More
