State Bank of Pakistan (SBP) directed commercial banks to refund unpaid public money under National Debt Retirement Program (NDRP) which… Read More
Bank Alfalah Profits Grow by 5% in 2016
Bank Alfalah Limited maintained growth in profitability and posted a 5% increase in 2016 to stand at Rs 7.900 billion… Read More
Khushhali Bank Upgrades its Core Banking System
Khushhali Microfinance Bank has signed an agreement to acquire Core Banking System by Temenos (the software specialist for banking and… Read More
Pakistan Updates Guidelines for External Audits of Islamic Banks
The guidance lines for Islamic financial institutions in the country has been updated by the Pakistan Central Bank so that… Read More
State Bank to Launch App for Universal Financial Transactions
The State Bank of Pakistan is developing a mobile app to allow financial transactions across the country. This was announced… Read More
Govt is Doubling the Threshold for Banking Transactions of Non-Filers
The federal government has agreed to double the minimum limit for daily banking transactions coming from non-filers. Previously, they were… Read More
U Microfinance Bank to Issue 1LINK Enabled PayPak Cards
U Microfinance Bank and 1LINK have signed a partnership agreement that will allow U Microfinance Bank to issue PayPak enabled debit… Read More
Rs. 500 Notes Without OVI Flag are Legit: State Bank
State Bank of Pakistan has clarified that Rs. 500 currency notes without OVI (Optical Variable Ink) are legitimate. Central bank… Read More
IBP Announces Nominations For Pakistan Banking Awards 2017
Institute of Bankers Pakistan (IBP) has announced the nominations for the second Pakistan Banking Awards, based on different categories, which… Read More
Sima Kamil is the New CEO of UBL
The board of directors at United Bank Limited (UBL) finally made a much-awaited announcement in the banking sector, which is… Read More
Tameer Microfinance Bank Renamed to Telenor Bank
Telenor Group today announced that it has obtained all regulatory approvals to rename Tameer Microfinance Bank to Telenor Microfinance Bank, we… Read More
Sindh Bank & Summit Bank Merger Likely In Next Quarter
Sindh Bank and Summit Bank are likely to get merged in the second quarter of 2017 with the official approval… Read More
