Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in… Read More
MCB Arif Habib Savings Becomes First PayPak Affiliate Member
MCB-Arif Habib Savings and Investments Limited (MCB-AH) has signed an agreement with 1LINK (Guarantee) Limited (1LINK) which will result in… Read More
SBP to Upgrade Its Core Banking System
State Bank of Pakistan is upgrading its core banking system from Globus to T24R15 by Temenos. The Temenos core banking platform has been the… Read More
Profitability for Islamic Banking Rises, Declines for Conventional Banking
Amidst prevailing low interest rates and with interest-based banks witnessing a double-digit decline in profitability, Sharia-based banks and banking divisions… Read More
Is Crime Rate Increasing in Pakistan as Chinese Immigrants Increase?
Zahir Ahmed, CEO of a private company, was busy at work as he received a couple of text messages on… Read More
Number of Branchless Banking Agents Crosses 400,000 in Pakistan
The number of branchless banking agents continued to surge throughout the country and crossed 0.4 million at end of July,… Read More
Branchless Banking Companies Show Record Growth in Recent Quarter
The efforts of marketing and sales departments of branchless banking companies reaped massive benefits as they witnessed a handsome season.… Read More
Tetra Pak Index Unveils New Market & Communication Challenges For Brands
The Tetra Pak Index 2017 highlights new marketing and communication challenges and offers interesting consumer insight in the wake of… Read More
FDI in Power Sector Grows 125% in July-October 2017
The development of power sector is immensely significant in Pakistan especially with the interest of foreign companies having invested $422… Read More
Exports of ICT Services Show Double Digit Growth in Q1 FY2017-18
Local companies and startups related to IT and similar sectors have continued to expand their market share in the foreign… Read More
Foreign Bank Penetration Remains Low in Pakistan: World Bank
The penetration of foreign banks in Pakistan is getting low with minimal contribution in local banking industry and the overall… Read More
Banks That Don’t Exchange Defective Currency Notes to Be Penalized
State Bank of Pakistan (SBP) has decided to penalize commercial banks by up to Rs. 10,000 if its officials don’t… Read More