Amidst prevailing low interest rates and with interest-based banks witnessing a double-digit decline in profitability, Sharia-based banks and banking divisions… Read More
SBP to Set Up a Rs 200 Million e-Payment Gateway Solution
A report issued by Pakistan Telecommunication Authority (PTA) has revealed that State Bank of Pakistan (SBP) is establishing an e-payment… Read More
SBP Allows Banks To Open Asaan Account For Remittances
In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan… Read More
SBP Plans to Increase Credit to SME Sector to Rs. 1 Trillion
State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and… Read More
SBP Orders Banks to Use New Technologies After Recent ATM Hacking Scandal
Hundreds of bank accounts were hacked recently through ATM skimming and around Rs 10 million rupees were stolen through various… Read More
ADB to Offer $2 Billion Per Year to Pakistan Under CAREC 2030 Strategy
Asian Development Bank (ADB)’s new pipeline for 2018 to 2020 includes about $2 billion per year in assistance for Pakistan,… Read More
Number of Branchless Banking Agents Crosses 400,000 in Pakistan
The number of branchless banking agents continued to surge throughout the country and crossed 0.4 million at end of July,… Read More
How Your ATM Cards are Hacked in Pakistan & How to Stay Safe [Guide]
ATM hacking incidents have been in the news in Pakistan these days as hundreds of ATM card holders found their… Read More
Hackers Steal Millions in ATM Card Skimming in Major Cities in Pakistan
Many reports of ATM hacking have been received across the country after hundreds of users complained about unauthorized withdrawal activities… Read More
World Bank Approves $130 Million to Modernize Agriculture in Punjab
The World Bank has approved an additional $130 million for farmers in Punjab province to use water more efficiently. Adopting… Read More
Rayomond Kotwal Takes Over HBL as Acting CEO
In a recent notice to the bourse, Habib Bank Limited announced that Mr. Rayomond Kotwal has assumed charge as the… Read More
Bank Lending to Private Sector On The Rise
The stable policy and interest rates coupled with growth in businesses have increased the banks loan portfolio to the private… Read More
