The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet next week on Monday, July 29,… Read More
Total Retail Payments Now Comprise 83% Digital Transactions: SBP Report
Digital transactions stood at 83 percent of total retail payments for the quarter, processed by banks and Electronic Money Institutions… Read More
The 3rd Allied Bank Fintech Hackathon Comes to a Close with a Spectacular Finale
Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech Hackathons, the finale… Read More
FTO Wants FBR to Have Access to Bank’s Software for Monitoring of Withholding Taxes
Federal Tax Ombudsman (FTO) has recommended Federal Board of Revenue (FBR) to give access of software of banks to FBR’s… Read More
MCB Bank, PITB and Mastercard to Collaborate on PayZen For Digital Payments in Pakistan
MCB Bank Limited has entered into a strategic partnership with the Punjab Information Technology Board (PITB) and Mastercard Asia/Pacific Pte.… Read More
Banks to Remain Closed For 2 Days Next Week
Banks will remain closed for two days next week being public holidays on the occasion of Ashura (9th & 10th… Read More
SBP Appoints 9 Banks As Primary Dealers For Investing in Govt Securities
The State Bank of Pakistan (SBP) has appointed nine banks and one financial institution as the primary dealers for participating… Read More
Bank Alfalah Enriches Tap and Pay, Enabling Secure Digital Payments for Android Mobile Users
Bank Alfalah, one of the largest commercial banks in Pakistan, has announced the evolution of its Tap and Pay service,… Read More
Microfinance Banking Sector’s Losses Reduced By Over Rs. 10 Billion in 2023: SBP
The aggregate profitability of the Microfinance Banks remained in losses for the fifth year in a row, as the sector’s… Read More
Financial Sector Showed Steady Performance in 2023, Posts 27% Growth in Asset Base: SBP
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY2023, which… Read More
Pakistani Banks Post Best Q2 Stock Returns in Asia-Pacific
Pakistani banks dominated a ranking of Asia-Pacific lenders with the highest total returns in the second quarter amid a strong… Read More
Soneri Bank Celebrates a Milestone with the Opening of Its 500th Branch in Karachi
Soneri Bank is proud to announce the grand opening of its 500th branch, located in Karachi, Khayaban-e-Shamsheer. This milestone event… Read More
