The banking industry is highly competitive in Pakistan, comprising 33 commercial banks that cover 20 percent of the banked population.… Read More
Banks To Operate With Minimum Staff for Limited Hours
Bank branches and offices will remain open throughout the country with bare minimum staff for ensuring the continuity of essential… Read More
SBP Announces More Lenient Measures for Exporters and Manufacturers
In an effort to further facilitate the exporters as well as the manufacturing sectors, SBP has allowed exporters to directly… Read More
SBP Makes Online Payments Free for All Commercial Banks
In order to curtail the risk of the spread of Coronavirus (COVID-19) and limit the physical interaction of citizens at… Read More
JS Bank Announces Free Online Banking to Curb Coronavirus
JS Bank, in the hour of need, has waived all charges on internet, mobile and ATM banking to ensure safety… Read More
Avoid Using Cash for Daily Transactions: State Bank
In the wake of a coronavirus outbreak in the country, State Bank of Pakistan (SBP) has shared precautionary tips for… Read More
PayFast and Bank of Punjab Collaborate to Disrupt Digital Payments
With over 76 million internet subscribers in the country, the government’s keen interest for a digital Pakistan, the emergence of… Read More
Banking Industry’s Deposits Surge to Rs. 14.8 Trillion
Banking Industry continued to receive handsome inflows of deposits that have surged to Rs. 14.8 trillion and are likely to… Read More
SBP to Enforce Strict Monitoring of Interest Rates Offered by Banks
State Bank of Pakistan (SBP) has revised the systematic reporting pattern for commercial banks to monitor interest rates and deposits… Read More
Islamic Banking Industry’s Assets Surge to Over Rs. 3 Trillion
Islamic Banking Industry (IBI) continues to flourish in the country as its assets reached Rs. 3 trillion by the end… Read More
Microfinance Sector’s Loans Surge to Over Rs. 300 Billion
The Gross Loan Portfolio (loan volume) for the microfinance sector in Pakistan surged to Rs. 305 billion by the end… Read More
Bank of Punjab Signs Agreement for NIFT ePay Payment Platform
The Bank of Punjab (BOP) has entered into an agreement with National Institutional Facilitation Technologies (NIFT) for enabling mobile and… Read More
