Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL),… Read More
Banks Approve Over Rs. 107 Billion in Loans Under Rozgar Refinancing Scheme
Banks have approved loan applications worth Rs. 107.5 billion under Rozgar Refinancing Scheme introduced by the State Bank of Pakistan… Read More
State Bank Calls a Meeting of Bank Presidents on Naya Pakistan Housing Program
State Bank of Pakistan (SBP) Governor Dr. Reza Baqir has called a meeting of banks for deliberations on the measures… Read More
Pakistani Bank Branches in Other Countries Record a Massive Increase in NPLs
Pakistani banks operating in different countries have witnessed a rise in Non-Performing Loans of 12.06 percent or Rs. 13.5 billion… Read More
SBP Suspends Service Charges for Banks on Deposit
State Bank of Pakistan (SBP) has suspended service charges for banks for the deposit of re-issuable balances in order to… Read More
Banks Foresee Limited Effect on Their Profit By Mid-2020
Despite the slowdown of the economy coupled with reduced interest rates, most banks foresaw a limited impact on profitability in… Read More
Banks Asked To Facilitate Prize Bond Holders
State Bank of Pakistan (SBP) has taken notice of the banks reluctant to facilitate prize bonds holders at their branches… Read More
SECP Provides Relief to Borrowers of Non-Bank Microfinance Sector
SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio… Read More
JS Bank Witnesses Significant Growth in Profitability
Growing from strength to strength, JS Bank reported profit before tax of PKR 628.5 million for the quarter ending on… Read More
Bank Alfalah, NBP & Mastercard Unite to Facilitate Donations to PM’s COVID-19 Pandemic Relief Fund
Strengthening its commitment to supporting the Pakistani government during the COVID-19 crisis, Bank Alfalah has joined forces with Mastercard and… Read More
Banks Approve Rs. 21 Billion For SMEs Under Rozgar Refinancing Scheme
Out of the total Rs. 95.8 billion approved under Rozgar Refinancing Scheme, banks have approved requests amounting to Rs. 21… Read More
SBP Proposes Abolishing Withholding Tax on Cash Withdrawal From Banks
The State Bank of Pakistan (SBP) has sent budget proposals for 2020-2021 that are under consideration of the Federal Board… Read More
