The State Bank of Pakistan (SBP) has punished three banks with heavy penalties of Rs. 133.3 million for the violation… Read More
Branchless Banks Close 1.6 Million Inactive Savings Accounts
Microfinance Banks with branchless banking services have closed over 1.6 million savings accounts, which were inactive for a considerably longer… Read More
Pakistan’s First Export and Import Bank Could Launch Next Year
The Ministry of Finance, in collaboration with the Ministry of Commerce and the State Bank of Pakistan (SBP), is working… Read More
Microfinance Banks Asked To Set Meeting Fee of Directors at Rs. 200,000
State Bank of Pakistan (SBP) has asked microfinance banks to limit the maximum fee of independent directors at Rs. 200,000… Read More
SBP Unifies QR Payment Standards Across Pakistan With New Regulations
The State Bank of Pakistan (SBP) has issued standards for commercial banks offering QR payment service. In order to promote… Read More
40% of Islamic Bank Branches Are Operating in Two Cities
The Islamic banking industry is growing by leaps and bounds in Pakistan in terms of assets, deposits, and customers but… Read More
SBP Rejects Reports That It Lost the Record for Rs. 500 Currency Notes
The State Bank of Pakistan (SBP) has refuted media reports that it has lost the record of old design Rs.… Read More
JS Bank Partners With Bookme for Digital Ticketing Services
JS Bank, one of Pakistan’s fastest-growing financial institution, has partnered with Bookme Tickets (bookme.pk), the first and largest e-ticketing platform… Read More
Islamic Banking is Boosting Profitability for Pakistani Banks: Moody’s
The Credit Rating agency, Moody’s, has stated that Islamic banking in Pakistan has a substantial growth potential as around 80… Read More
Islamic Banking Reports Profit-Before-Tax of Over 110%
Islamic Banking Industry (IBI) has made a tremendous stride this year with the growth of profit-before-tax recorded over 100 percent… Read More
Allied Bank Receives PCI – DSS 3.2.1 Certificate of Compliance
Allied Bank Limited has achieved the PCI-DSS (Payment Card Industry Data Security Standard) v3.2.1 certification. The PCI-DSS certification shows that… Read More
Pakistan Investment Conference 2019 Concludes With Decision to Enhance Bilateral Ties Between Pakistan & US
The 4th annual Pakistan Investment Conference wrapped up after wide-ranging discussions on the enhancement of bilateral trade ties between Pakistan… Read More
