The Pakistani rupee rose 14th day in a row against the US Dollar today after opening trade at 292 in… Read More
Sales Tax Fraud Spikes Via Fake Invoices Despite Automation
The quantum of sales tax fraud has considerably increased after the facilitation and automation of obtaining new sales tax registrations… Read More
Bank Al Habib to Set Up Exchange Company
The Board of Directors of Bank AL Habib Limited (PSX: BAHL) has approved the establishment of an exchange company with… Read More
Finance Minister Unveils Policy to Rescue Financially Unsustainable State-Owned Entities
Caretaker Finance Minister Dr. Shamshad Akhtar on Thursday shared the salient features of the State-Owned Enterprises (SOEs) Policy. During a… Read More
Currency Dealers Unhappy With Banks Replacing Exchange Companies
Currency dealers warned that replacing existing money exchange companies could backfire and allow banks to abuse the situation by manipulating… Read More
Small Exchange Companies Will Not Be Allowed to Operate: SBP Governor
Besides revoking licenses of exchange companies involved in illicit activities, the State Bank of Pakistan (SBP) will not allow small… Read More
SBP Awards In-Principle Approval to 5 Digital Retail Banks
In a bid to foster innovation, financial inclusion, and availability of affordable digital financial services, the State Bank of Pakistan… Read More
Rupee Extends Winning Streak Against US Dollar
The Pakistani rupee rose 12th day in a row against the US Dollar today after opening trade at 296 in… Read More
HugoBank Granted In-Principle Approval to Launch Digital Banking in Pakistan
HugoBank has been granted an In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of… Read More
Tabani Group Acquires World’s First Sharia-Compliant Healthcare Entity
Tabani Group, a renowned business conglomerate in Pakistan, has acquired the world’s first and only Sharia-compliant OPD Company Siha Health… Read More
Malik Bostan Denies Exchange Companies’ Role in Keeping PKR/USD Volatile
Exchange companies have nothing to do with the volatile exchange rate and completely support state efforts to curb the black… Read More
SECP Provides Legal Backing For Eradication of Riba
The Securities and Exchange Commission of Pakistan (SECP) has given legal backing to the “Islamic financial institutions”, offering Islamic financial… Read More
