Seemingly on the insistence of commercial banks, the State Bank of Pakistan (SBP) has allowed banks and various service providers… Read More
First Time Ever: SBP Allows Mentally Challenged Persons to Open Bank Accounts
State Bank of Pakistan (SBP) has provided major facilitation to mentally disordered persons by allowing them to open a bank… Read More
Standard Chartered Officially Enters the Crypto Market With Its Own Platform
Standard Chartered’s premier venture capital arm, SC Ventures, has teamed up with Chinese investment firm, BC Technology, for a new… Read More
HBL Posts An Exceptional 108% Increase in Profits
Habib Bank Limited announced its consolidated financial results for the year the first quarter ended March 31, 2021. The bank… Read More
Banks to Remain Closed for Public Dealings on 1st Ramadan: SBP
The State Bank of Pakistan will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1442 A.H., which shall be observed… Read More
SBP Governor Reveals Plans About Pakistan’s Official Digital Currency
Discussing the country’s economic landscape on CNN, the governor of State Bank of Pakistan (SBP), Reza Baqir, made some interesting… Read More
SBP Unveils Five-year Strategic Plan for Islamic Banking Industry
State Bank of Pakistan (SBP) unveiled its third five-year Strategic Plan for the Islamic Banking Industry to achieve 30 percent… Read More
Japan Officially Starts Working on Launching A National Cryptocurrency
The Bank of Japan (BoJ) has officially begun the first phase of a year-long feasibility study for its Central Bank… Read More
SBP And NBP to Relax Naya Pakistan Housing Loan Terms
Prime Minister (PM) Imran Khan has asked the State Bank of Pakistan (SBP) and the National Bank of Pakistan (NBP)… Read More
Robust Growth in Pakistan’s Islamic Banking Assets is Credit Positive for Banks: Moody’s
Moody’s, a credit rating agency, in its latest report, has termed the robust growth in Pakistan’s Islamic banking assets as… Read More
Microfinance Sector Misses Major Targets In 2020
Pakistan’s microfinance sector achieved a significant milestone with consistent growth over a period of one decade. However, it missed all… Read More
Standard Chartered Bank’s Profit Declines by 21% in 2020
Standard Chartered Bank reported a profit of Rs. 13.132 billion in 2020 which is Rs. 2.8 billion or 21% less… Read More
Online Financial Fraud Increased by 63% in 2020
While online transactions and digital banking have increased during the Coronavirus outbreak in Pakistan, complaints about online financial fraud have… Read More
Pakistan Ranks Poorly On World ATM Index 2020
As per official statistics released by the World Bank (WB) on the global indicators of growth, Pakistan has 11 Automated… Read More
SBP Makes Digital and Card Transactions More Secure and Easier
In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new features and… Read More
