Habib Bank Limited’s management has yet again failed to restore its internet and mobile banking services since September. Their suspension… Read More
Visa Survey Shows 58% Pakistanis Trust Digital Payments
Pakistan has yet to realize its full potential of developing its e-commerce system due to major issues of financial inclusion… Read More
NCCPL Adopts Risk Management Tools for Custodian Clearing Members
As part of its continued endeavors, the National Clearing Company of Pakistan Limited (NCCPL) has successfully implemented various risk management… Read More
Bank Guarantee Amount Increased to Rs. 500,000 for Depositors
The Deposit Protection Corporation has increased the guarantee amount for all the eligible depositors of banks from Rs. 250,000 to… Read More
Cabinet Likely to Approve Appointment of New Directors for NBP Board
The federal cabinet is likely to give approval to the appointment of new directors in the National Bank of Pakistan… Read More
Bank Alfalah Launches The First-Ever Digital Banking Portal in Pakistan
State Bank of Pakistan has taken a radical initiative that encourages banks to launch their own digital onboarding platforms to… Read More
Resident Pakistanis Can Now Open Bank Accounts Remotely
Following the success of the Roshan Digital Account framework, the State Bank of Pakistan (SBP) has now devised a ‘Customers’… Read More
Senate Panel Passes Amendment Bills on Commercial Agriculture, Banking Services and Financial Entities
The Senate Standing Committee on Finance has passed amendments to three significant bills that pertain to banking services, commercial and… Read More
Bank Al-Habib to Shut Down its Branch in Seychelles
Bank Al-Habib has decided to reduce its foreign footprint, as it is all set to close its wholesale branch operations… Read More
NSS Net Savings Turn Negative for the First Time in 16 Years
Outflows from the National Savings Schemes have exceeded inflows for the first time in 16 years. The net savings under… Read More
Govt Offers Tax Exemptions on Foreign Remittances
The government legally declared that the income tax exemption would be available to the foreign remittances coming through foreign currency… Read More
Finance Minister Delighted With Pakistan’s Islamic Banking Industry
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, delivered a keynote address (through a video link) during the Round… Read More
