The current account recorded a massive deficit of $662 million in December 2020 after showing a surplus during the previous… Read More
Seven FinTech Companies Receive Approvals to Operate as EMIs in Pakistan
Seven FinTech companies in Pakistan have received in-principle and pilot approvals to operate as Electronic Money Institutions (EMIs) in 2020.… Read More
Raast Payment System to Revolutionize Transaction Speeds in Pakistani Banking
Prime Minister Imran Khan launched Pakistan’s first instant payment system – Raast – to enable end-to-end digital payments among individuals,… Read More
Pakistan Records Current Account Surplus for the 5th Consecutive Month
Pakistan’s current account maintained a surplus with a handsome value of $1.6 billion in the five months of the current… Read More
IT Industry Is Aggressively Hiring Professionals To Meet Local and Export Projects
During the COVID-19 pandemic, the information technology sector has thrived across the world. Following suit, Pakistan’s IT industry has also… Read More
Internet Banking Transactions Increased by a Massive 21% Amid COVID-19
The COVID-19 pandemic has pushed the customers of banks to use the internet and mobile banking which recorded immense growth… Read More
IT Exports Record a Massive 40 Percent Growth in Q1 FY21
A target of $5 billion in annual IT exports to be achieved by the next three years.… Read More
PNCS Plans To Acquire Another Vessel in 2020
Pakistan National Shipping Corporation (PSNC) has planned to acquire another used vessel called as Aframax at an estimated cost of… Read More
Here’s How You Can Avail Govt’s Low-Cost Housing Finance Scheme From Banks
The government along with the State Bank of Pakistan (SBP) and commercial banks is working to introduce a low-cost housing… Read More
Current Account Records A Huge Surplus of Over $800 Million in July-Aug 2020
The current account maintained a surplus for the second straight month with a huge surplus of $805 million from July… Read More
PPL Discovers 1 Trillion Cubic Feet of Gas in Balochistan
Pakistan Petroleum Limited (PPL) has made a massive discovery of over one trillion cubic feet of gas in Kalat, Balochistan.… Read More
Current Account Records a Huge Surplus of $424 Million in July 2020
The first month of the current financial year came with good news for the economy as the current account deficit… Read More
Allied Bank Appoints Aizid Razzaq Gill as The New CEO & President
Aizid Razzaq Gill has been appointed as President & CEO of Allied Bank Limited replacing Tahir Hassan Qureshi from January… Read More
Pakistan Receives its Highest Monthly Remittance Ever
Contrary to the forecast by global think tanks, Pakistan has received the highest-ever monthly remittance of $2.7 billion in the… Read More
SBP Launches New NRVA Bank Accounts for Overseas Pakistanis
State Bank of Pakistan (SBP) has introduced a separate category of PKR Account named “NRP Rupee Value Account (NRVA)” in… Read More
