The Securities and Exchange Commission of Pakistan (SECP) says that complex legal structures may be used to hide the ‘ultimate… Read More
Bank Accounts of Overseas Pakistanis Will Not be Closed: SBP Tells Senate Body
The State Bank of Pakistan promised the Senate Body that the bank accounts of overseas Pakistanis will not be closed… Read More
JS Bank Becomes First in Pakistan to Launch Self-Service Banking on WhatsApp
Digital systems have changed the way people communicate and now the way they bank. JS Bank, one of Pakistan’s fastest-growing… Read More
SBP Hammers Three Banks With Penalties of Rs. 133 Million
The State Bank of Pakistan (SBP) has punished three banks with heavy penalties of Rs. 133.3 million for the violation… Read More
Branchless Banks Close 1.6 Million Inactive Savings Accounts
Microfinance Banks with branchless banking services have closed over 1.6 million savings accounts, which were inactive for a considerably longer… Read More
Pakistan’s First Export and Import Bank Could Launch Next Year
The Ministry of Finance, in collaboration with the Ministry of Commerce and the State Bank of Pakistan (SBP), is working… Read More
Microfinance Banks Asked To Set Meeting Fee of Directors at Rs. 200,000
State Bank of Pakistan (SBP) has asked microfinance banks to limit the maximum fee of independent directors at Rs. 200,000… Read More
SBP Unifies QR Payment Standards Across Pakistan With New Regulations
The State Bank of Pakistan (SBP) has issued standards for commercial banks offering QR payment service. In order to promote… Read More
40% of Islamic Bank Branches Are Operating in Two Cities
The Islamic banking industry is growing by leaps and bounds in Pakistan in terms of assets, deposits, and customers but… Read More
SBP Rejects Reports That It Lost the Record for Rs. 500 Currency Notes
The State Bank of Pakistan (SBP) has refuted media reports that it has lost the record of old design Rs.… Read More
JS Bank Partners With Bookme for Digital Ticketing Services
JS Bank, one of Pakistan’s fastest-growing financial institution, has partnered with Bookme Tickets (bookme.pk), the first and largest e-ticketing platform… Read More
Islamic Banking is Boosting Profitability for Pakistani Banks: Moody’s
The Credit Rating agency, Moody’s, has stated that Islamic banking in Pakistan has a substantial growth potential as around 80… Read More
