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
SBP Allows Exporters to Make More Types of Payments to Promote Exports
Exporters of goods and services, including IT-based services, are allowed to retain a certain portion of their export proceeds in… Read More
Askari Bank Reports Highest Ever Profit in 2020
Askari Bank showed an impressive financial performance with profit growth of 53.9 percent in 2020 compared to the profit of… Read More
UAE Bank to Relocate its Workforce to Cheaper Foreign Hubs Including Pakistan
According to a news report published in Bloomberg, Mashreq Bank PSC has planned to move nearly half of its foreign… Read More
HBL Joins Forces with NCMCL for Development of Electronic Warehouse Receipt Ecosystems
Naymat Collateral Management Company Ltd (NCMCL), Pakistan’s first collateral management company, has joined forces with HBL for the development of… Read More
Credit Card Users Decline Due to COVID-19
The number of credit cards’ base and its utility witnessed a decreasing trend among customers despite the reduction in mark-up… Read More
