Ongoing case in Supreme Court of Pakistan and any ad hoc decisions are not going to impact Summit Bank depositors,… Read More
Zarai Taraqiati Bank Ltd Maintains Its Stable Credit Rating
For the 5th consecutive year, M/s. JCR-VIS Credit Rating Company has reaffirmed the entity ratings of Zarai Taraqiati Bank Ltd. at… Read More
Penetration Rate for Microfinance in Pakistan Reaches its Highest Ever Level at 30%
Pakistan’s microfinance banking sector has achieved the highest ever penetration rate of 30%, with a marked expansion of operations and… Read More
Finance Minister Calls for Measures to Stop Smuggling of Currency
Dr. Shamshad Akhtar, the Finance Minister, chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency. The… Read More
Citi and PPAF Organize 12th Citi-PPAF Microentrepreneurship Award Ceremony
The Citi – PPAF Microentrepreneurship Awards (CMA), delivered in partnership by the Pakistan Poverty Alleviation Fund (PPAF) and Citi Foundation… Read More
SBP Orders Banks To Receive Funds for Diamer Basha & Mohmand Dams
State Bank of Pakistan (SBP) has directed all the scheduled and microfinance banks to open a special account in the… Read More
FIA Seeks Details of Summit Bank’s Equity Over Money Laundering Case
The Federal Investigation Agency (FIA) has approached State Bank of Pakistan (SBP) and Security Exchange Company of Pakistan (SECP) seeking… Read More
Supreme Court Puts 3 Bankers in ECL Over Money Laundering Case
Reportedly, the Federal Investigative Agency (FIA) has unearthed what may be the biggest money laundering case in Pakistan to date.… Read More
Banks Start Deducting Up to 3% Tax on Foreign Transactions via Debit/Credit Cards
Banking customers are now embracing the burden of a new tax as commercial banks have started deducting advance tax of… Read More
SBP Raises No Objections Against KASB Bank-BankIslami Merger
The State Bank of Pakistan on Thursday released a “no objection” statement on the valuation of the now-defunct KASB Bank… Read More
National Savings Revises Profit Rates for Saving Schemes
National Savings has increased the profit rates for different accounts under the National Savings Schemes.… Read More
SBP Appoints 11 Banks As Primary Dealers For Govt Securities
State Bank of Pakistan has selected ten commercial banks and one investment bank as Primary Dealers of Government Securities (PIB… Read More
