BankIslami, Pakistan’s second-biggest full-fledged Islamic bank, has handed over its controls to Syed Amir Ali, who is the new CEO… Read More
17 Banks Commit to Biometric Interoperability through 1LINK 1ID
A ceremony was organized at LRC, State Bank of Pakistan (SBP) on Wednesday, 26th September 2018, to recognize 17 Banks… Read More
Pakistani Banks are Incurring Huge Losses Overseas: Report
Pakistani banks’ performance in other countries is witnessing a tough time as they are turning up huge losses, standing at… Read More
HBL Borrows $150 Million from IFC
Habib Bank Limited has borrowed a loan of $150 million from International Finance Corporation (IFC) as part of its plan… Read More
Pakistanis Have Left Millions of Unclaimed Rupees in Bank Accounts: Report
Pakistani people are very “generous”. They not only donate generously for a national or religious causes but also leave their… Read More
SBP Directs Banks to Eliminate Transaction Fee for Payments Made to Govt
The State Bank of Pakistan (SBP) has instructed all issuing and acquiring banks, payment schemes and microfinance banks to refrain… Read More
JS Bank Declares Pre-Tax Profits of Rs 1.1 Billion Since June 2018
JS Bank’s equity has risen to PKR 16.7 Billion while its profit before tax stands at PKR 1.1 billion as… Read More
SBP Says Rumors of Discontinuation of Rs 5000 Notes Are Fake News
Regarding the rumors circulating on social media about discontinuation of Rs.5000 banknote, SBP has categorically rejected all such rumors and… Read More
FBR Grows WHT Collection from Most Sectors and Categories in FY 2017-18
The amount of withholding tax collected from cash withdrawals from banks has registered an increase of Rs 3.051 billion this… Read More
Pakistan Needs $31 Billion to Run Its Economy: Research
Pakistan is estimated to require a financing of $31 billion in the current financial year in order to ensure macroeconomic… Read More
SECP Allows UBL to Issue 59 Million Shares Against TFCs
The Security Exchange Commission of Pakistan (SECP) has allowed United Bank Limited (UBL) to issue up to 59 million shares… Read More
SECP Directs All Stakeholders to Adopt FATF’s Recommendations
The Securities and Exchange Commission of Pakistan (SECP) has directed authorized intermediaries to ensure that their clients, including companies, are… Read More
