AirSial has announced plans to commence its domestic flight operations on a commercial basis from next year in May, an… Read More
Branchless Banks Close 1.6 Million Inactive Savings Accounts
Microfinance Banks with branchless banking services have closed over 1.6 million savings accounts, which were inactive for a considerably longer… Read More
40% of Islamic Bank Branches Are Operating in Two Cities
The Islamic banking industry is growing by leaps and bounds in Pakistan in terms of assets, deposits, and customers but… Read More
Artificial Intelligence Can Potentially Enhance IT Exports Manifold
Artificial intelligence is an emerging field in Pakistan. Top-notch IT companies and software houses are working on various AI-related projects… Read More
The Story Behind Recent Sales and Discounts in Pakistan
Leading clothing and footwear brands across the country are trying to boost their sales by offering repeated discounts, as they… Read More
MoITT to Set Up an Authority for Updating IT Education in Local Universities
The Ministry of IT and Telecommunication is trying to set up a regulatory authority to improve the standard of education… Read More
Bank Financing for Housing Sector Surges to Over Rs. 100 Billion
The banks’ contribution to the development of housing and construction sectors has increased in the country as the size of… Read More
Pakistan’s IT Exports Are at a Historic High
The exports of IT and IT-related services increased to $1.090 billion in the financial year 2018-19 as compared to $1.065… Read More
Current Account Deficit Drops By An Unprecedented 72% in July 2019
The current account deficit showed a rare and near-ideal situation in the first month of the current financial year (2019-20)… Read More
Bank Deposits Decline by a Massive Rs. 710 Billion in July
Banking industry’s deposits have declined by Rs. 710 billion in July, mainly due to customers panicking and withdrawing money from… Read More
Telecom Companies Top Profit Repatriation from Pakistan in FY19
Telecom sector made the highest repatriation of profit in Pakistan in the financial year 2018-19. According to the State Bank… Read More
SBP Asks Public To Avoid Sharing Personal Information on Fake Calls
State Bank of Pakistan has reiterated that bank customers should avoid sharing their personal information on fake calls. The central… Read More
Pakistan’s Annual Loss Due to Water Misuse is Two Times Higher Than Latest IMF Bailout
The economic costs to Pakistan from poor water and sanitation, floods, and droughts are conservatively estimated at 4 percent of… Read More
Transport Mafia Illegally Increases Fares in Karachi By Up to 100%
Commuters in Karachi now have to pay high fares whether they are using app-based ride-hailing services or the poor public… Read More
Banks Start Blocking Unverified Accounts
Commercial banks have initiated the drive to block unverified bank accounts maintained by their branches for several years, bankers informed… Read More
