State Bank of Pakistan (SBP) has asked all commercial banks to facilitate overseas Pakistanis for sending remittances on the accounts… Read More
SBP Orders Banks to Ensure Easy Payments for Freelancers
State Bank of Pakistan (SBP) has directed commercial banks to provide services for freelancers that can enable them to receive… Read More
Banks Asked To Fix Service Issues Related to Credit Cards Bill Payment
Of late, bank customers are facing hurdles in paying their bills on credit cards. Due to the prevailing situation, State… Read More
Are Banks Involved in Maintaining Fake Accounts?
Some fake account and dubious transactions of billions of rupees were recently unearthed by an intelligence agency. The agency also… Read More
Banks To Start Biometric Re-verification of Customer Accounts from November 30th
State Bank of Pakistan has directed all commercial banks, including microfinance and Development Finance Institutions (DFIs), to verify banks accounts… Read More
UBL Records a Massive Drop in Profits in Q3 2018
United Bank Limited, one of the largest banks in Pakistan, recorded a massive decline in its profitability by 49 percent… Read More
PSX Closes 750 Points Down as Index Nosedived Amid Investors’ Concerns
The unnerved investors continued offloading shares on Pakistan Stock Exchange (PSX) on Monday as stocks witnessed across the board selling… Read More
UnionPay International and Access Group Partners to Expand Contactless & Chip Card Footprint in Pakistan
UnionPay International (UPI) and Access Group have signed an agreement for the expansion of POS acquiring network for UnionPay Contactless… Read More
SBP Will Order Banks to Collect Biometric Data of All Account Holders
State Bank of Pakistan (SBP) is planning to order commercial and Islamic banks to collect biometric data of all their… Read More
HBL Obtains A Loan of $196 Million From Chinese Bank
In order to expand its offshore operations and to finance energy projects, Habib Bank Limited (HBL) has obtained a loan… Read More
Gang of ATM Thieves Including a European Caught in Islamabad
Earlier today, the FIA managed to catch a gang which has been involved in committing ATM fraud at various locations… Read More
Another Fake Account with Transactions of Millions of Rupees Discovered in Karachi
After the ‘billionaire’ Karachi falooda vendor, another fake account has been unearthed in Karachi which was used for millions of… Read More
Malik Riaz’s Investment Bank Reports Huge Losses
Escorts Investment Bank, owned by Malik Riaz through Bahria Town, reported huge losses of Rs. 154 million in the financial… Read More
SBP Issues Warning to Banks Over Unauthorized Access of Customer Data
State Bank of Pakistan (SBP) has observed that customers’ information is being accessed by unauthorized persons within the banking system.… Read More
SBP to Regulate Fintech, E-Money & EMIs
In order to achieve financial inclusion through different services, State Bank of Pakistan has planned to regulate fintech and companies… Read More
