An April 2019 study found that “Changes in life satisfaction are associated with changes in consumption, not changes in income.”… Read More
SBP Claims No ATM Cards Have Been Blocked Yet
The State Bank of Pakistan categorically rejected baseless rumours making the rounds in a section of press that the existing… Read More
HBL Becomes First Pakistani Bank to Get Branch License in Beijing, China
A milestone in Pak-China economic relations: HBL becomes the first Pakistani bank to get a branch license for Beijing, China.… Read More
Branchless Banking Companies Have to Use Biometric Verification For Level-1 Accounts: SBP
State Bank of Pakistan (SBP) has introduced new stringent regulations for Branchless Banking (BB) companies, asking them to conduct biometric… Read More
Most Debit & Credit Cards in Pakistan Will Stop Working from Today
After plenty of celebrations and parties, the new year has finally started. However, it brings with it bad news for… Read More
BankIslami Becomes First Pakistani Bank to Launch AI for Customers
BankIslami (BI) attempts to embrace technology going forward. BI claims to be the first financial institution in Pakistan to have… Read More
Banks Fail To Meet The Deadline for Issuing Authentic Rs. 50 Notes
A majority of banking companies have failed to meet the deadline to issue machine-based, authenticated Rs. 50 banknotes. They were… Read More
Allied Bank Partners With Golootlo
Allied Bank Limited has signed an agreement to offer Golootlo discounts via myABL Digital Banking App and UPI-PayPak Co-Badged Debit… Read More
Telenor Microfinance Bank Organizes APPCON 2019 for Aspiring Individuals
Telenor Microfinance Bank recently organized APPCON 2019, a digital application development initiative for aspiring individuals in the country. The event… Read More
FBR Refuses Rs. 1.3 Billion Penalties on Banks to be Filed as Expenses
The Federal Board of Revenue (FBR) has refused to treat Rs. 1.3 billion worth of penalties imposed on banks by… Read More
Askari Bank Signs Agreement With NIFT for Digital Financial Services
Askari Bank and NIFT have signed an agreement for digital commerce payments (mobile/electronic) through NIFT’s DFS platform under the brand… Read More
Japanese Yen Added To Asian Clearing Union Mechanism
State Bank of Pakistan has added Japanese Yen as the third Asian Clearing Union (ACU) currency along with USD and… Read More
