The federal government has come up with a plan to consolidate its deposits in one account, named Treasure Single Account… Read More
You Can Now Get Exclusive Financing Deals on Isuzu D-Max With Bank Alfalah
Bank Alfalah Islamic, Pakistan’s rapidly growing Islamic Bank, has recently signed a Memorandum of Understanding with Ghandhara Industries Limited (GIL).… Read More
Pakistan’s Islamic Scholar Appointed As Secretary General AAOIFI
Pakistan’s talent has once again secured a leadership position at a global institution as Omar Mustafa Ansari, an Islamic scholar… Read More
MoneyExpress to be Launched in Pakistan
UnionPay International (UPI) and Bank Alfalah have signed an agreement to launch MoneyExpress in Pakistan. MoneyExpress, powered by UnionPay, is… Read More
U Microfinance Bank Records 111% Profit Growth in 2018
U Microfinance Bank has become sustainable enough to run its operation profitably as it recorded a handsome profit growth of… Read More
Islamic Bank Deposits Cross Rs. 2 Trillion Mark
The deposit base of Islamic banking industry has crossed the Rs. 2 trillion mark in 2018 mainly due to its… Read More
Govt to Amend FERA Act to Regulate Foreign Exchange
The government is planning to amend the Foreign Exchange Regulations Act (FERA) 1947 to prevent illegal foreign exchange transactions. Ministry… Read More
Govt & State Bank Rule Out Further Depreciation of Rupee
Finance Minister Asad Umar has ruled out the chances of further devaluation of Pakistani rupee against the US dollar as… Read More
Govt Plans to Withdraw Tax Exemption for Elite Class
The Federal government is mulling to withdraw its tax exemption scheme that is benefitting only the elite class, said Finance… Read More
Afghanistan Cancels HBL’s Operating License: Report
The central bank of Afghanistan has revoked the operating license of Habib Bank Afghanistan, reported Afghan Press. According to Khaama, Da… Read More
These are the Top Ten Profitable Banks of Pakistan
2018 was a challenging year for a majority of banks due to stiff competition, operational and regulatory issues but few… Read More
Govt Launches Regulations for Electronic Money Institutions
The State Bank of Pakistan (SBP) has launched regulations of Electronic Money Institutions (EMIs). EMIs are non-bank entities that will… Read More
