State Bank of Pakistan (SBP) has decided to penalize commercial banks by up to Rs. 10,000 if its officials don’t… Read More
SBP Had to Spend Rs. 9.1 Billion on Printing Currency Notes Last Year
Despite the increasing use of plastic money (credit/debit cards) in Pakistan, the usage of cash has increased among the public… Read More
Internet Banking & Mobile Banking On The Rise In Pakistan
The adaptation of internet and mobile banking has witnessed a remarkable growth as the number of users and their use… Read More
Indus Motor Posts Profits Despite Hike in Vehicle Prices
Indus Motor Company (IMC) has maintained a handsome profit growth of 19 percent in the quarter of July to September… Read More
Banks Payment Cards Grow to Over 36.6 Million in Pakistan
The use of plastic money has been on the rise in Pakistan with the increasing of awareness among the public.… Read More
Govt’s WHT on Banking Transactions Is Doing More Harm Than Good
The government has enhanced the burden of taxes on the common man to generate revenues for the economy but its… Read More
CCP Serves Notice to Telenor on Zong’s Complaint
The Competition Commission of Pakistan (CCP) has issued a Show Cause notice to Telenor Pakistan for prima facie violating Section 10 of… Read More
US Muslims to Build a Rs. 1 Billion Hospital for Disabled People in Karachi
A US-based Islamic charity organization, Helping Hand for Relief and Development (HHRD), has announced the establishment of a comprehensive rehabilitation… Read More
Only 16% of Pakistanis Use Formal Financial Services [Infographics]
Mere 16% of Pakistanis have access to a formal financial service in Pakistan. “Lack of need” is cited as the main… Read More
Karachi Declared as Worst City in the World For Driving
Karachi, Pakistan’s commercial hub and the most populated city in the country, has been declared as the worst city for… Read More
Islamic Banking Industry Overtakes Conventional Ones In Profit Growth
Pakistan’s Islamic Banking Industry is gradually increasing its footprint across the country with increasing its share in all areas of… Read More
SBP Makes Banks Liable If Payment Transfers Are Delayed
Commercial and microfinance banks have been directed to compensate customers for any delays in clearance of their cheques and other… Read More
