National Bank of Pakistan (NBP) failed to maintain its profit growth in 2021, which declined by 6 percent from last… Read More
HBL Tops Banking Mohtasib Consumer Complaint Chart
Bank account holders in Punjab have filed the highest number of complaints (62.9 percent) with the Banking Mohtasib office against… Read More
SBP Keeps Policy Rate Unchanged at 9.75%
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 9.75 percent. 1/3 The MPC… Read More
SBP Unveils Asaan Digital Accounts for Financial Inclusion of Women
The State Bank of Pakistan (SBP) on Monday unveiled the Asaan Digital Account (ADA) during the event ‘Asaan Digital Account:… Read More
EXIM Bank to Start Commercial Operations by June
The Export-Import Bank of Pakistan (EXIMBP) will commence operations by the end of the current fiscal year. This development is… Read More
Common KYC For Banks and Financial Institutions In the Offing
State Bank of Pakistan (SBP) is mulling to introduce a common Know Your Customer (KYC) database within the banking and… Read More
Bank Financing for SMEs Surges to All-time High
Bank financing for Small and Medium-Sized Enterprises (SMEs) showed modest growth of 8.7% year-on-year in 2021 due to improvement in… Read More
Number of Bank Consumers Switching to Plastic Money Continues to Surge in Pakistan
The use of plastic money, including credit and debit cards, has shown modest growth in recent months, but the overall… Read More
NA Committee Approves Exim Bank of Pakistan Act 2021
The National Assembly Standing Committee on Finance has approved the Exim Bank of Pakistan Bill 2021 and sought a complete… Read More
Senate Finance Committee Approves SBP Amendment Bill
The Senate Standing Committee on Finance, Revenue, and Economic Affairs approved on Thursday the State Bank of Pakistan (SBP) Amendment… Read More
SBP Issues Unified QR Code to Accelerate Digital Payments
To accelerate the digitization of retail payments, the State Bank of Pakistan has issued standards for Quick Response (QR) code-based… Read More
BankIslami Records Highest Ever Profit of Rs. 2.13 Billion in CY2021
BankIslami Limited posted its highest ever profit after tax of Rs. 2.13 billion in 2021, demonstrating growth of 25.1 percent… Read More
