Bank advances increased by Rs. 1.1 trillion as of November 29, 2024, according to the latest data by the State… Read More
SBP Set to Launch New Platform for Investing Directly in Govt Securities
The State Bank of Pakistan (SBP) is set to launch a new platform, InvestPak, that will allow individuals and corporations… Read More
Nauman Chughtai Appointed President and CEO MCB Bank
MCB Bank Limited (PSX: MCB) has appointed Muhammad Nauman Chughtai as President & CEO of the Bank. “The existing term… Read More
SBP Directs Banks to Replace OTPs With Transaction/Financial PINs
The State Bank of Pakistan (SBP) has directed all banks/MFBs to replace the requirement of one-time passwords (OTP) via SMS… Read More
Silkbank Board Approves Merger With UBL
The Board of Directors of Silkbank (PSX: SILK) has approved the amalgamation of the bank with and into United Bank… Read More
MCB Bank Partners with BPC to Strengthen Digital Security with AI-Powered SmartVista Fraud Risk Management Solution
MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to strengthen… Read More
Banking and ATMs Suffer Amid Internet Disruption, Creating Long Queues
Customers depositing money in banks are facing difficulties due to the recent internet disruptions following the anti-government protests in Islamabad.… Read More
UBL Gets Board Approval to Merge With Silkbank
The Board of Directors of United Bank Limited (PSX: UBL) in their 252nd meeting held on Monday approved the amalgamation… Read More
Banking Sector Advances Surge By Rs. 1.47 Trillion in October 2024
In order to avoid penalties from the banking regulator for failing the target Advance-to-Deposit ratio, banks have been aggressively lending… Read More
Bank Alfalah Won the Third Consecutive ‘Digital Excellence’ and the ‘Best Bank for Customer Engagement’ at the PBA 2024
Bank Alfalah, a leading commercial bank in Pakistan, has been honoured by Pakistan Banking Awards (PBA) with two prestigious accolades:… Read More
SBP Governor Urges Banks to Embrace Tech And Close Gap to Agriculture, SMEs
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, advised financial institutions to continue striving for excellence and collaborate… Read More
SBP Orders to Enable RAAST Payments in Online Shopping Stores
The State Bank of Pakistan (SBP) has directed banks and financial institutions to enable RAAST payment system in e-commerce and… Read More
