The State Bank of Pakistan (SBP) has digitized the process of obtaining refinance by the banks under the Export Finance… Read More
Banks Aren’t Complying With SMS and Email Alert Rules
It has been learned that local banks are not sending alerts for digital transactions to their customers as per the… Read More
IMF, ADB & WB Keen on Doing Business With Pakistan’s Islamic Banking Sector
As Islamic banking has become an emerging market, the international financial institutions including the International Monetary Fund (IMF) and the… Read More
SBP Updates Data Collection Software for Tracking Foreign Exchange Record
The State Bank of Pakistan (SBP) has updated the software and reporting mechanism to ensure the track record of foreign… Read More
Survey Reveals How Pakistanis Have Change Their Priorities After COVID-19
Standard Chartered’s latest survey into affluent (comprising emerging affluent, affluent, and high net worth) consumers in 12 markets across Asia,… Read More
SBP Wins IFN Global Award for Promoting Islamic Finance for 2nd Consecutive Year
The Islamic Finance News (IFN), an arm of REDmoney Group, Malaysia declared the State Bank of Pakistan (SBP) as the… Read More
Bank Alfalah Warns Customers Against Crypto Transactions
Bank Alfalah Limited (BAFL) has started sending SMS alerts, warning its customers against carrying out cryptocurrency transactions through its banking… Read More
Askari Bank’s Subsidiary to Merge With Foundation Securities
Askari Securities Limited, a subsidiary of Askari Bank Limited, will get merged with Foundation Securities Limited, a subsidiary of Fauji… Read More
Banks’ Profitability Remains Steady in 2021: SBP
The State Bank of Pakistan (SBP) has indicated steady profitability of the banks in the outgoing year 2021 in the… Read More
Bank Credit to Private Sector in 2021 Was the Highest in 10 Years
Borrowing from banks by the private sector mainly to invest in businesses surged to a remarkable level of over Rs.… Read More
AGP Assures NBP of Rectifying ‘Factual Errors’ in Audit Report (2012-20)
The Auditor General of Pakistan (AGP) has assured the National Bank of Pakistan (NBP) of reviewing and finalizing the NBP… Read More
Faysal Bank is Close to 100% Conversion to Islamic Banking
Faysal Bank Limited has continued to expand its branches network which surged to over 600 with around 98% share of… Read More
