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
Pakistanis Remitted $21 Billion in FY 2018-19: SBP
Remittance inflows received from overseas Pakistanis broke another record, reaching $21 billion for the financial year 2018-19. According to the… Read More
Pakistan Receives the First Installment of IMF Bailout Package
Pakistan has received the first tranche of $991.4 million from International Monetary Fund (IMF), which is equivalent to SDR 716… Read More
Bank Customers Are Withdrawing Deposits From Their Accounts
In the wake of Federal Board of Revenue’s (FBR) announcement to examine bank accounts with balances of over Rs. 0.5… Read More
NADRA Disables Biometric Verification of Bank Customers Via Apps
In a sudden move, NADRA has disabled the biometric verification facility for bank customers via apps. The authority has asked… Read More
USF Approves Rs. 1.89 Billion for Improved Connectivity Across Pakistan
Pakistan’s Universal Service Fund has allocated nearly Rs. 1.89 billion in the financial year 2019-20 aimed at deploying various projects… Read More
Microfinance Sector Witnesses a Closure of Over 400 Branches
Microfinance banking is one of the fastest growing sectors in Pakistan in terms of its operations and business but it… Read More
Only 10 Days Left To Get Your Bank Accounts Verified
A majority of customers might not be able to verify their banks accounts through biometric systems as merely 10 days… Read More
Pakistan Receives Record Remittances of Over $2 Billion in May
Pakistan received record-breaking remittances of more than $2 billion from expats in different countries. The remittance of $2.3 billion sent… Read More
