Silk Bank will launch its digital banking services as a pilot project, with the company hoping to offer comprehensive digital… Read More
Islamic Banking Industry Assets Cross Rs 2 Trillion Mark
Pakistan’s Islamic Banking Industry (IBI) continues to attract customers from its target market, helped by its stable indicators of financial… Read More
Ali Riaz Chaudhry Takes Over as CEO of 118118 Money
Pakistani banker Ali Riaz Chaudhry has joined 118 118 Money as its new Chief Executive Officer. He will be responsible… Read More
Non-Performing Loans Rise by Rs 60 Billion in Q2 FY 16-17
The figure of fresh non-performing loans (NPL) has increased by Rs. 60 billion. The agriculture sector provides the bulk of… Read More
Rice Traders Who Failed to Meet Export Quota Get 6 Month Extension
The State Bank of Pakistan (SBP) has provided a relief of 180 days for rice traders who failed to meet… Read More
HBL Slapped with $225 Million Fine in USA
The New York State Department of Financial Services has imposed a fine of $225 million on Habib Bank’s New York… Read More
Silk Bank Raises Rs 2 Billion Through TFC
Silk Bank has successfully raised an amount of Rs 2 billion through a Term Finance Certificate (TFC) for strengthening up… Read More
Shahid Mustafa Takes Charge as President & CEO of Telenor Microfinance Bank
Seasoned banker Shahid Mustafa has been appointed the new President & Chief Executive Officer (CEO) of Telenor Microfinance Bank (formerly… Read More
Two Pakistani Banks Honored at Trade Finance Program Awards
The National Bank of Pakistan and Bank Al Habib Limited won the Trade Finance Program (TFP) Awards, announced by the… Read More
HBL Says Closure of New York Branch Won’t Affect Its Customers Worldwide
Habib Bank Limited (HBL) has decided to cease its branch operations in New York, which mainly offers US dollar transaction… Read More
Silk Bank and Bank of Punjab Conduct Pilot Tests for Branchless Banking
According to Finance Ministry documents, two more banks are at the stage of pilot test (Silkbank and The Bank of… Read More
UBL To Establish Its Digital Design Lab Aimed To Enhance User Experience
The establishment of the Design Lab, which is expected to be operational by next year, is another step towards the… Read More
