Telenor Microfinance Bank reported a loss in profits of 53% in 2017, marking its first year of independent operations after… Read More
TPS Launches IBM Powered Anti-Fraud System in Pakistan
The pace of shift to digital payments has significantly increased with strong move towards a less-cash society, indicating a favorable… Read More
NBP Banker Arrested Over Alleged Fraud of Rs. 3 Billion
NAB has arrested NBP official over corruption charges of Rs 3 billion.… Read More
Major Shareholder in Meezan Bank Planning To Sell Off Its Shares
Noor Financial Investment Company, a substantial stakeholder of Meezan Bank with a shareholding of 49.11%, once again plans to sell… Read More
FBR Gives 15 Day Deadline for Banks, Brokerages to Give Financial Data of Foreign Customers
The Federal Board of Revenue (FBR) has given a 15-day deadline to banks and brokerages to provide financial data of… Read More
Banks To Remain Closed on 1st Ramadan
The State Bank of Pakistan will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed… Read More
SBP Sets Paid-up Capital Limit of Rs. 225 Million for Private Credit Bureaus
In light of the verdict issued by High Court of Sindh (SHC), State Bank of Pakistan (SBP) has notified that… Read More
JS Bank Appoints Basir Shamsie as New President and CEO
JS Bank’s board of directors have appointed Basir Shamsie as the new President and CEO of the bank replacing the… Read More
Telenor Microfinance Bank Partners With Careem for Rickshaw Financing
Telenor Microfinance Bank, has joined hands with Careem, one of the most used and trusted ride-hailing services in the country,… Read More
SBP Reveals Auditor’s Report on Due Diligence & Valuation of KASB Bank
State Bank of Pakistan (SBP) has publicly revealed the documents of deal related to the merger of KASB Bank with… Read More
Govt Sets Zakat Nisab at Rs. 39,198
The government has set Nisab of Zakat at Rs. 39,198/- (Thirty Nine thousand, One hundred and Ninety Eight Rupees) for the… Read More
Bank Alfalah to Sell Off Its Afghanistan Operations to Azizi Bank
Bank Alfalah Limited (BAFL) has decided to sell off its businesses and operations in Afghanistan to the locally administered Azizi Bank… Read More
