Pakistan’s penetration rate of optical fiber stands at merely 1 percent which is far lower than the regional peers such… Read More
Pakistan is Behind Regional Peers in Setting Up Data Centers: Report
Despite pent-up demand, Pakistan has only 11 data centers, putting the country behind its regional peers in the data center… Read More
MCB Bank Acquires 30% Additional Stake in Asset Management Company
MCB Bank has completed the acquisition of an additional 30 percent stake in its subsidiary, MCB-Arif Habib Savings and Investments… Read More
How to Earn Over 20% Profit Through Sukuks
In order to deal with inflation, an individual can earn a handsome profit of over 20% from his savings through… Read More
UK-Based Company Revokes Plan to Set Up NayaPay Like EMI in Pakistan
Checkout Limited, a renowned UK-based financial service provider, has revoked its plan to set up an Electronic Money Institution (EMI)… Read More
Bank of Punjab Considers Conversion to Full-Fledged Islamic Bank
The management of the Bank of Punjab is mulling over an option to convert the banking institution to a full-fledged… Read More
SBP Revises Exchange Rate Procedures for Exporters
State Bank of Pakistan (SBP) instructed banks to purchase the export proceeds from the exporters at the buying rate of… Read More
Electronic Money Institutions Reach Over 1 Million Accounts
With the addition of EMIs in Pakistan’s payments ecosystem, people have started to adopt digital instruments for payments. Electronic Money… Read More
Here are the 10 Highest-Paid CEOs in Pakistan’s Banking Industry
Although the banking industry in Pakistan is burdened with high taxation, it remains highly profitable due to the attractive interest… Read More
SBP Eases Regulations to Attract Foreign Investment in REIT Schemes
The State Bank of Pakistan (SBP) has allowed REIT Management Companies (RMCs) to issue their units through private placements and… Read More
HBL Tops Consumer Complaint Chart 2nd Year in a Row
Customers of the banking sector received the highest-ever monetary relief of Rs. 974 million from the Bank Mohtasib Pakistan (BMP)… Read More
Banking Industry Deposits Reach Rs. 23 Trillion
The deposits in the banking industry have surged to a new height, reaching a level of Rs. 23 trillion by… Read More
