The year 2023 marks the Golden Jubilee of the Constitution of the Islamic Republic of Pakistan. To celebrate this significant… Read More
SBP Asks Banks to Report Data on Foreign Exchange Returns
The State Bank of Pakistan (SBP) has asked banks to submit data on Foreign Exchange Returns (FERs) generated by core… Read More
Electronic Money Institutions Reach Over 1 Million Accounts
With the addition of EMIs in Pakistan’s payments ecosystem, people have started to adopt digital instruments for payments. Electronic Money… Read More
Over 25 Million Users Registered With Raast in 2022
Around 25.8 million users have been registered with the Raast payment system by end of 2022 due to its popularity… Read More
UBL Partners with AKS IQ to Implement Advanced Anti-Money Laundering Solution
United Bank Limited (UBL) has partnered with AKS iQ, a leading Reg Tech company, to implement an advanced trade-based anti-money… Read More
Sudenese Bank Plans Є50 Million Investment in Silk Bank
Silkbank Limited (PSX: SILK) has received a letter of intention (LoI) from the International Commercial Bank of South Sudan to… Read More
SBP Overnight Reverse Repo (Ceiling) Rate Now At 22%
The State Bank of Pakistan (SBP) has fixed its Overnight Reverse Repo (Ceiling) rate at 22 percent, 100 basis points… Read More
SBP Raises Interest Rate to Highest Ever in Pakistan’s History
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points… Read More
U Bank Registers Outstanding Profit Growth of 102.5% in 2022
U Microfinance Bank has announced its financial results for the year ended December 31st, 2022. The bank posted a profit… Read More
UBL Appoints Muhammad Jawaid Iqbal as New President and CEO
United Bank Limited (PSX: UBL) has appointed Muhammad Jawaid Iqbal as President & CEO of UBL for a term of… Read More
Finance Ministry is Deliberately Delaying Action Against Banks Manipulating Exchange Rates
Despite clear cases of charging ‘higher spreads,’ the Ministry of Finance has been sitting on the State Bank of Pakistan’s… Read More
Sadapay’s Debit Mastercard is No Longer Free
The highly-rated Sadapay’s ‘free debit MasterCard’ service has officially come to an end as the fintech can no longer afford… Read More
