Bank Alfalah Islamic, Pakistan’s rapidly growing Islamic Bank, has recently signed a Memorandum of Understanding with Ghandhara Industries Limited (GIL).… Read More
MoneyExpress to be Launched in Pakistan
UnionPay International (UPI) and Bank Alfalah have signed an agreement to launch MoneyExpress in Pakistan. MoneyExpress, powered by UnionPay, is… Read More
Banks Reluctant to Offer Free SMS Alert Service To Customers
Some of the commercial banks are not complying with the directives of the central bank to send free SMS alerts… Read More
Byco Petroleum Reports a Gross Profit of Rs. 1.4 Billion in H1 FY2018-19
Pakistan’s leading oil company, Byco Petroleum Pakistan Ltd. (BPPL), has announced financial results for the six months that ended on… Read More
NBP Records its Highest Revenue in 7 Decades for 2018
National Bank of Pakistan (NBP) has become the second most profitable bank of 2018 in Pakistan after MCB, which was… Read More
MCB Becomes Pakistan’s Most Profitable Private Bank in 2018
MCB Bank has recorded a profit of Rs. 21.36 billion in 2018, which is the highest profit so far among… Read More
Software Consultancy is Becoming a Major Part of Pakistan’s IT Exports
Software consultancy services have become an increasingly integral part of the Pakistan IT industry with 32.4 percent share in the overall… Read More
PNSC To Acquire Two Ships in 2019
In order to enhance its fleet size for meeting local demands, Pakistan National Shipping Corporation (PNSC) plans to conclude the… Read More
Banks Fail To Introduce Chip-based Debit & Credit Cards To Their Customers
A majority of the banks in Pakistan has failed to introduce chip-based payment cards to their customers that should be… Read More
Freelancers Make Up 20% of All IT Exports from Pakistan
Pakistan is one of the most active freelancer markets in the world with estimated exports of half a billion dollars… Read More
Pakistan’s IT Exports Cross $500 Million in First Half of FY 2019
Pakistan’s IT industry has made exports of over half a billion dollars in the first six months of the financial… Read More
Pakistani Banking Sector in 2018 [Roundup]
2018 proved to be a critical year for the banking sector of Pakistan which exposed its hidden weaknesses in operations… Read More
CCP Approves 13 Acquisitions Deals In Different Sectors
The Competition Commission of Pakistan, as a part of its statutory mandate, has recently approved 13 notified acquisitions deals of… Read More
Banks Begin Biometric Verification of All Account Holders
Commercial banks have commenced the hectic process of registering millions of existing account holders through biometric verification throughout the country.… Read More
SBP Formulates a Security Plan to Prevent Online Fraud
In order to safeguard banks and their customers from potential losses due to cyber-crimes and online banking frauds, the central… Read More
