Public money is pouring into the banking system quite significantly as the deposits of the industry have reached an all-time… Read More
SBP Guidelines Explain How Banks Can Convert Operations to Islamic Mode
State Bank of Pakistan (SBP) has issued detailed guidelines for conversion of a conventional bank into an Islamic bank in… Read More
NIB Bank Is No More
NIB Bank is no more in the banking industry in Pakistan as the central bank has ceased its operations and… Read More
Pakistan Gets Another $728 Million Loan from ADB, WB
Pakistan’s government has received fresh installments of loans worth $728 million from Asian Development Bank and World Bank recently for… Read More
SBP Asks Banks To Collaborate For Combating Cyber Threats
State Bank of Pakistan (SBP) has directed financial institutions (FIs) to promote collaboration at an industry level for combating increased… Read More
Government Puts M1 Motorway on Mortgage to Get Rs. 70 Billion Loan
Pakistani government continued its spree of lending money from financial institutions. This time it chose local Islamic banks to generate… Read More
FDI Crosses $2 Billion Mark During Current Fiscal Year
Foreign Direct Investment (FDI) surged to more than $ 2 billion in the eleven months of current financial year 2016-17.… Read More
SBP Reveals Guidelines for Outsourcing by Financial Institutions
State Bank of Pakistan has asked banks to ensure the confidentiality of customers’ data while outsourcing their services or functions… Read More
PTA to Set Up A System To Block Stolen Mobile Phones
Pakistan Telecommunication Authority (PTA) has decided to establish a Mobile Devices Identification, Registration and Blocking System (DIRBS) in its efforts… Read More
SBP and CCP Sign Information Sharing Agreement
The State Bank of Pakistan (SBP) and Competition Commission of Pakistan (CCP) have signed a Memorandum of Understanding (MoU) for… Read More
SBP Releases the Branch Codes for Issuance of Fresh Currency Notes
State Bank of Pakistan (SBP) has finally released the list of branches — and respective branch codes — from where… Read More
Gov to Provide Loans to Farmers at Reduced Interest Rates
Seemingly for cashing in votes in urban areas, the PML (N) government, in its last budget, has come up with… Read More
