In a surprising move, MCB Bank has entered into talks with the management of NIB Bank with the goal of… Read More
SBP To Phase Out Old Currency Notes by Year End
With effect from December 1st, 2016, all old design bank notes will cease to be legal tender as per the… Read More
Twice in a Month: HBL Blocks Customers Debit Cards For Security Reasons
Customers of Habib Bank Limited are facing a nightmare scenario as the bank’s debit cards were blocked for a second… Read More
Cheques-Based Banking Transactions Fall After WHT Levy
After the announcement was made regarding the implementation of withholding tax on transactions on Rs. 50,000/- or more for non-filers, official… Read More
Standard Chartered Pakistan Profit Down by 4.4 % in 2015
Standard Chartered Pakistan profit dropped by 4.4 percent to stand at Rs 9.288 billion in 2015 showing the bank’s struggling… Read More
Bitcoin Payments Around the World Are Failing
Bitcoin is a cryptocurrency which has gained popularity over the past few years and has been increasing in value and… Read More
SBP Likely to Set Up Banking Channel with Iran
The State Bank of Pakistan is likely to devise its banking policy for setting up formal banking channels between Iran… Read More
Banking Sector Records a Profit of 22% in 2015
The profit after tax of the banking sector for 2015 reached Rs 199 billion, around 22 percent up from Rs… Read More
State Bank Orders Recording of All Transactions in Foreign Currency Accounts
To curb money laundering and keep an eye on foreign accounts, the State Bank of Pakistan (SBP) has directed all… Read More
Stuck in 20th Century, Here’s How Banks Can Truly Innovate Themselves
To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need.… Read More
ABL Asset Management Launches Free Smartphone App
In a launching ceremony held at Pakistan Stock Exchange (PSX), Mr. Farid Ahmed Khan, CEO of ABL Asset Management (ABL… Read More
Soneri Bank Partners with Xpress Money to Expand Remittance Services in Pakistan
Soneri Bank Limited has partnered with Xpress Money, a global leader in international transfer and payment services, under the umbrella… Read More
