National Bank of Pakistan (NBP) has planned to shift operations of its subsidiary under the control of its management for… Read More
SBP to Set Up Private ATMs
State Bank of Pakistan (SBP) has decided to allow Payment Service Providers (PSPs) to own and operate White Label ATMs… Read More
Summit Bank Sets Share Value for Its Merger with Sindh Bank
Summit Bank’s board of directors has set a share value of bank at par with 3.85 shares of the Sindh… Read More
UBL Deposits Cross Rs. 1 Trillion Mark
United Bank Limited (UBL) has become the third bank in Pakistan with a deposits base of more than Rs. 1… Read More
NIB Bank Delisted from PSX
NIB Bank has been officially delisted from Pakistan Stock Exchange (PSX) along with its shares owned by shareholders. The delisting… Read More
HBL Merges Its Kenyan Operations with Diamond Trust Bank
Habib Bank Limited (HBL) has merged its operations in Kenya into Diamond Trust Bank, Kenya. The move followed after receiving… Read More
Yousaf Hussain Appointed as CEO & President of Faysal Bank
Yousaf Hussain, has been appointed as CEO and President Faysal Bank for a period of three years by the Board… Read More
SBP Asks Financial Institutions to Follow Designated Payment System
The central bank directed financial institutions to streamline their business and operations based on the Designated Payment System. Payment systems… Read More
PSO Repays Rs 43 Billion Loans To Various Banks
Pakistan State Oil (PSO) has eased off its debt burden through repayment of Rs 43.8 billion, on the account of… Read More
Bank Loans to Private Sector Break Decade Long Record
The low and stable interest rates and growth in economic activities have increased the demand of the private sector to… Read More
SBP Leaves Interest Rate Unchanged at 5.75%
Tariq Bajwa, the new Governor State Bank of Pakistan (SBP), today announced his first monetary policy statement to keep the… Read More
FDI Inflow From China Reaches Record High in FY17
The net Foreign Direct Investment (FDI) from China has surged to $1.234 billion, which is more than half of the… Read More
