State Bank of Pakistan (SBP) has made it mandatory for commercial banks including microfinance banks and card service providers to… Read More
Hackers Steal Money from Faysal Bank Customers Once Again!
Dozens of Faysal Bank’s customers were shocked when they received SMS and Email alerts about the withdrawal of significant amount… Read More
Meezan Bank Awarded for Innovation in Branchless Banking
Global Finance magazine has revealed The Innovators in Islamic Finance for 2016. The list recognizes Meezan Bank for launching the … Read More
General Electric To Set up Digital Power Plants in Pakistan
General Electric has planned to set up Digital Power Plants in Pakistan. It signed contracts with Halmore Power Generation Company… Read More
SBP Reduces Policy Rates by 25 bps to 5.75%
State Bank of Pakistan reduced the policy rates slightly by 25 basis points to 5.75 percent with cautious approach after… Read More
SBP Sets Rs 200 Million Paid-Up Capital Requirement for Third Party Service Providers
State Bank of Pakistan (SBP) has set up a requirement of Rs 200 million for paid-up capital for Third Party… Read More
Banks Fail to Promote Saving Accounts Among Masses
Commercial Banks failed to convince customers to open saving accounts at branches owing to complicated procedures, poor advertisements and lower… Read More
SBP Issues Regulations for Banks PrePaid Cards
In order to promote documented economy and advanced mode of transactions, State Bank of Pakistan (SBP) has issued “Prepaid Card… Read More
Ghandhara Nissan to Invest Rs 500 Million in Pakistan
Ghandhara Nissan Limited (GNL) has decided to invest in General Tyre and Rubber (GTR) with the purchase of its shares… Read More
WorldCall Telecom Seeks PTCL to Aquire its Operations
Struggling with more than Rs 3 billion losses per year and debt liabilities, financial and operational mismanagement, the leadership of… Read More
Audi Partners With BankIslami, Ready to Enter Pakistani Market
German automaker Audi seems serious and is taking aggressive steps to enter the flourishing Pakistan’s automobile market. The company is… Read More
UBL Records 1.8% Decline in Profits
United Bank Limited (UBL) saw a decline of 1.8 percent in profits in the first quarter of 2016 mainly because… Read More
