Prime Minister Imran Khan launched Pakistan’s first instant person-to-person payment system ‘Raast’ developed by the State Bank of Pakistan in… Read More
Govt Officially Begins Search for New NBP President
The Internal Finance Wing of the Finance Division has officially commenced its search for a candidate for the role of… Read More
Escorts Investment Bank Terminates Deal with Interested Parties
Escorts Investment Bank has terminated the sale-purchase deal with the interested acquirers of the shareholders in the bank — Syed… Read More
Banks Investments Soar to Another All-Time High of Rs. 14.4 Trillion
The investment of the banking sector reached an all-time high in January to Rs. 14.4 trillion, mainly due to the… Read More
MCB Posts Highest Ever Profit After Tax of Rs. 30.8 Billion For CY2021
Muslim Commercial Bank (MCB) has maintained its modest profit growth of 6.20% in 2021. The bank’s profit surged to a… Read More
Silk Bank is on Trial for Trying to Improve its Operations
The Islamabad High Court held the hearing of a case against Silkbank seeking to streamline its operations in accordance with… Read More
SBP Allows Banks to Remit Fees Collected by Foreign Missions
The State Bank of Pakistan (SBP) has allowed commercial banks to facilitate the foreign missions, embassies, and consulates working in… Read More
SBP Slaps Rs. 57.83 Million Fine on 5 Major Banks
The State Bank of Pakistan (SBP) has imposed penalties of Rs. 57.83 million on five major banks on account of… Read More
Hackers Steal Millions From Silk Bank ATMs in Lahore
A group of unidentified men hacked and cleared 14 Automated Teller Machines (ATMs) of Silk Bank in Lahore on 7… Read More
UBL Wants to Acquire Telenor Microfinance Bank
United Bank Limited (UBL) has also shown its interest in the acquisition of Telenor Microfinance Bank through the purchase of… Read More
SBP Introduces Instant and Free P2P Payments under Raast
The State Bank of Pakistan (SBP) has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through… Read More
Bank Alfalah Posts Massive Improvement in Profits for 2021
Bank Alfalah Limited (BAFL) announced its financial result for the year ended 31 December 2021, where the bank posted a… Read More
