With impressive growth and penetration across the country, Islamic banking industry has increased its share of assets and deposits to… Read More
Governor State Bank is Confident in Pakistan’s Economic Future
State Bank of Pakistan’s Governor Reza Baqir held a press conference on Monday regarding the country’s economic outlook and role… Read More
Pakistan Receives Record Remittances of Over $2 Billion in May
Pakistan received record-breaking remittances of more than $2 billion from expats in different countries. The remittance of $2.3 billion sent… Read More
Citi Invites Pakistanis to MENA Fintech Challenge
Citi has announced the launch of the Citi Middle East and North Africa (MENA) Fintech Challenge for Pakistan to offer… Read More
3rd Highest Share of Deposits in Pakistani Banks Belongs to Unemployed Housewives & Students
Pakistani banks have amounts worth more than Rs. 2 trillion in their accounts which belong to housewives and students. According… Read More
Sindh Bank Shelves Its Merger Plan With Summit Bank
Sindh Bank has shelved off its plan to merge its operations with Summit Bank after two years’ long exercises and… Read More
Govt Approves Over Rs. 51 Million in Interest-Free Loans For Students
The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and… Read More
Banks Agree to Provide Customers’ Withholding Data to FBR to Catch Non-Filers
The Federal Board of revenue has asked banks to provide withholding tax data of the customers. According to a report… Read More
NayaPay Becomes 1LINK’s PayPak Affiliate Member with Meezan Bank as the Settlement Bank
NayaPay (Pvt.) Limited (NayaPay) has joined 1LINK (Pvt.) Limited’s (1LINK) PayPak scheme as an Affiliate Member, with Meezan Bank Limited… Read More
Nearly 3 Million People Book New Currency Notes For Eid
As many as three million people have booked fresh currency notes using the SMS services of State Bank of Pakistan… Read More
UBL Digital App Now Lets You Open Your Account Without Visiting a Branch
While Pakistan has historically been a cash-based economy, going forward, it is expected that there will be an accelerated shift… Read More
National Savings Collects Rs. 365 Billion in May 2019
The Central Directorate of National Savings (CDNS) has achieved a net target of Rs. 365 billion by May 16, up… Read More
NBP Profits Down by 14.5% in Q1 2019
Like other banks, National Bank of Pakistan (NBP) has also suffered a loss of 14.5% in profitability in the first… Read More
Allied Bank Limited Partners With Avanza Premier Payment Services to Enable Payfast Payments
Allied Bank Limited (ABL) and Avanza Premier Payment Services (APPS) have collaborated to revamp online transactions through Payfast; APPS’ payment… Read More
MJSF Sponsors Pakistan Pavilion at Venice Biennale 2019
Recently, Pakistan sent its first ever entry to the Venice Biennale, which is a contemporary visual art exhibition held to connect… Read More
