The federal government has decided to re-submit a summary for opening a revolving account for the Chinese independent power producers… Read More
SBP Likely to Keep Policy Rate Unchanged at 15%
The State Bank of Pakistan (SBP) will most likely keep the policy rate unchanged at 15 percent. The Monetary Policy… Read More
EXIM Bank Receives Go-Ahead to Kick Off Operations in a Week
The Export Import (EXIM) Bank of Pakistan has been given a go-ahead signal to commence its formal operation to facilitate… Read More
HBL in Hot Waters for Allegedly ‘Aiding’ Terrorist Attacks
Habib Bank Limited (HBL) was unable to refute allegations that it assisted and abetted al-Qaeda terrorism and participated in a… Read More
PSA: Public Should Avoid Disclosing Personal Info on Calls And Messages
State Bank of Pakistan (SBP) and Pakistan Banks Association (PBA) have been continuously advising the general public through consumer awareness… Read More
SBP Steps Up to Record Forex Transactions Via Formal Channels
In order to further enhance transparency and promote documentation in the foreign exchange transactions, State Bank of Pakistan has advised… Read More
ZTBL Introduces Fastest Loan Approving Application for Rural Areas
Zarai Taraqiati Bank Limited has introduced the fast loan-approving application. The app would approve loans on the spot using an… Read More
SECP Introduces Initiatives to Fast-Track Public Offering Process
The Securities and Exchange Commission of Pakistan (SECP) has taken several new initiatives to promote capital formation through Initial Public… Read More
SBP Allows Flood Donations Through Home Remittance Channel
In order to facilitate overseas Pakistanis and foreign donors, the State Bank of Pakistan (SBP) has allowed the banks and… Read More
Lahore High Court Issues Decree for Strict Enforcement of Anti-Money Laundering Act
After a detailed judgment of the Lahore High Court in favor of the FBR, tax evaders cannot escape criminalization and… Read More
President Orders HBL to Pay Over Rs. 200,000 to Man Scammed Online
Habib Bank Limited (HBL) has been directed to pay Rs. 249,525 in compensation to a cook who was scammed online.… Read More
PSX Notifies Listing of HBL Exchange Traded Fund
Pakistan Stock Exchange (PSX) has notified the listing of HBL Total Treasury Exchange Traded Fund managed by HBL Asset Management… Read More
Govt Plans to Issue Rs. 1.5 Trillion Ijara Sukuk in FY23
The government is set to generate funds of Rs. 1.5 trillion through Ijara Sukuk against various assets, mainly public sector… Read More
Petrol Stations No Longer Accepting Debit/Credit Cards for Payment
The majority of fuel stations under Oil Market Companies (OMCs) have reportedly stopped accepting payment via credit/debit cards for petrol… Read More
Faysal Bank to Become a Full-Fledged Islamic Bank From 2023
Faysal Bank Limited will operate as a full-fledged Islamic bank from 2023 as its management has converted more than 90… Read More
