JS Bank, one of Pakistan’s fastest growing financial institutions, has entered into a partnership with Avanza Premier Payment Services (APPS),… Read More
The First MicroFinanceBank Ltd Celebrates its 17th Anniversary
The First MicroFinanceBank celebrated its 17th Anniversary on the 11th March 2019 at its Head Office in Islamabad. At the… Read More
SBP Announces Easy Financing Facility for Special persons
State Bank of Pakistan has issued a concessionary Small Enterprise Financing and Credit Guarantee Facility for Special persons, allowing them… Read More
Standard Chartered Bank Gets Yuan Clearing Facility in Pakistan
The State Bank of Pakistan (SBP) has allowed Standard Chartered Bank (SCB) Pakistan Limited to establish their local CNY clearing… Read More
SBP Wants All Banks To Upgrade Their Databases of Depositors
State Bank of Pakistan has advised all commercial banks to install or update their systems including software(s) and database(s) to… Read More
Noor Financial Shareholding in Meezan Bank Reduces to 35%
Noor Financial Investment Company sold out 13% of its overall shareholding in Meezan Bank to various foreign investors but it… Read More
Meezan Bank Misses Targets for Assets, Achieves Profitability in 2018
Meezan Bank fell short in achieving the asset base target of Rs. 954 billion in 2018, however, it surpassed the… Read More
SBP Plans Low-Cost Housing Scheme for Disabled, Widows & Transgender
The State Bank of Pakistan (SBP) is planning to launch a low-cost housing scheme for widows, children of martyrs, special… Read More
Banks’ Non-Performing Loans Swell to Rs. 694 Billion by The End of 2018
Pakistan’s banking industry has made a record by advancing loans of more than Rs. 1 trillion in 2018 but at… Read More
UBL Incurs Loss of Rs. 1 Billion for Shutting Down its New York Branch
United Bank Limited has suffered a loss of more than Rs. 1 billion from the closure of its foreign branch… Read More
Banks Reluctant to Offer Free SMS Alert Service To Customers
Some of the commercial banks are not complying with the directives of the central bank to send free SMS alerts… Read More
JS Bank Becomes Pakistan’s First Financial Institution Accredited by Green Climate Fund
JS Bank has become Pakistan’s first financial institution to be accredited by the Green Climate Fund (GCF), the world’s largest… Read More
