Meezan Bank has collaborated with the National Clearing Company of Pakistan Limited (NCCPL) to develop new Shariah-compliant products for the… Read More
Banks Recorded 42.92% Increase in Profits in 2020 Despite Pandemic
The banking sector has posted an increase of 42.92 percent in its profits during the calendar year 2020 (CY20) despite… Read More
SBP Relaunches Home Remittance Incentive Scheme for Banks
The State Bank of Pakistan (SBP) has launched the home remittances incentive scheme for banks to encourage the institutions that… Read More
Auto Financing Breaks All-Time Records in Pakistan
Car financing by banks in FY 2020-21 reached an all-time high of Rs. 297.5 billion as Pakistani consumers enjoyed the… Read More
Banks Can Now Charge Fee on Interbank Funds Transfers Above Rs. 25,000
Seemingly on the insistence of commercial banks, the State Bank of Pakistan (SBP) has allowed banks and various service providers… Read More
First Time Ever: SBP Allows Mentally Challenged Persons to Open Bank Accounts
State Bank of Pakistan (SBP) has provided major facilitation to mentally disordered persons by allowing them to open a bank… Read More
Standard Chartered Officially Enters the Crypto Market With Its Own Platform
Standard Chartered’s premier venture capital arm, SC Ventures, has teamed up with Chinese investment firm, BC Technology, for a new… Read More
HBL Posts An Exceptional 108% Increase in Profits
Habib Bank Limited announced its consolidated financial results for the year the first quarter ended March 31, 2021. The bank… Read More
Banks to Remain Closed for Public Dealings on 1st Ramadan: SBP
The State Bank of Pakistan will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1442 A.H., which shall be observed… Read More
SBP Governor Reveals Plans About Pakistan’s Official Digital Currency
Discussing the country’s economic landscape on CNN, the governor of State Bank of Pakistan (SBP), Reza Baqir, made some interesting… Read More
SBP Unveils Five-year Strategic Plan for Islamic Banking Industry
State Bank of Pakistan (SBP) unveiled its third five-year Strategic Plan for the Islamic Banking Industry to achieve 30 percent… Read More
Japan Officially Starts Working on Launching A National Cryptocurrency
The Bank of Japan (BoJ) has officially begun the first phase of a year-long feasibility study for its Central Bank… Read More
