HBL aims to reclaim its name in the banking industry by appointing CEO JP Morgan’s Muhammad Aurangzeb.… Read More
Govt Invites 3 Potential Investors to Start Due Diligence of SME Bank
Three internationally recognized financial institutions have been pre-qualified to conduct due diligence of SME Bank Limited, aiming to conclude the… Read More
Telenor Bank Signs Agreement with TEZ Financial Services for Disbursement of Nano-loans
Telenor Microfinance Bank and TEZ Financial Services have entered into an agreement for disbursement of nano-loans to Easypaisa Mobile Account… Read More
Ihtmaar Bank To Expand its Presence in Pakistan Through Faysal Bank
Faysal Bank’s number of branches will increase to 500 with the addition of 100 new branches.… Read More
1LINK Selects Gemalto EMV Solution for PayPak
1LINK, Pakistan’s largest payment processing body, has announced its selection of Gemalto PURE white label payment technology for enabling “Chip… Read More
SBP Raises Policy Rate by 25bps To 6%
State Bank of Pakistan (SBP) has raised policy rate by 25 basis points to 6 percent for the period of… Read More
Three Digital Banking Players to Enter the Pakistani Fintech Market
Pakistan’s financial sector has been rising rapidly as reported by the State Bank of Pakistan (SBP) and McKinsey & Company… Read More
PTCL Injects Rs. 1 Billion into U Bank
Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U… Read More
Ministry of Religious Affairs is Earning Interest from Banks
Ministry of Religious Affairs is still using conventional bank accounts to deposit and withdraw Hujjaj’s money, despite moving to Shariah-Compliant… Read More
Allied Bank President Slapped with Rs. 2 Lakh Fine & Summoned by Supreme Court
Supreme court summons and fines president of Allied Bank Limited in an ongoing pension case.… Read More
Banks Aren’t Lending Money to Govt Due to Low Policy Rate
Hoping for a rise in State Bank of Pakistan’s (SBP) policy rate, banks are holding back their money and are… Read More
SBP Launches Systemic Risk Survey to Avoid Emerging Financial Risks
State Bank of Pakistan (SBP) has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants… Read More
