Soneri Bank is going to raise Rs. 4 billion Additional Tier 1 Capital, as redeemable capital, for meeting Basel III… Read More
Bank Accounts Likely To Reach the 50 Million Mark in 2018
Pakistan’s banking industry is likely to reach the 50 million bank account milestone this year with as public’s demand financial… Read More
State Bank’s Forex Reserves Drop to An Alarming Level
Pakistan’s foreign exchange reserves continue to deplete unabated, dropping to under $18 billion – an alarming situation for the economy.… Read More
JS Bank & Engro Foods to Empower Farmers With Easy Loans
Engro Foods Limited, the 2nd largest dairy company in Pakistan, has collaborated with JS Bank under the banner of Prime Minister… Read More
Bank Alfalah Launches First Ever ADT1 TFC at the PSX
Bank Alfalah has launched an Additional Tier 1 (ADT1) TFC, worth Rs 7 billion at the Pakistan Stock Exchange (PSX).… Read More
Saleem Anwar Appointed as Acting President & CEO of Askari Bank
Askari Bank Limited has appointed Saleem Anwar as acting President and CEO of the bank, replacing Syed. M Hussaini at… Read More
Mastercard is Transforming Pakistan’s Payment Landscape Through Innovation
Pioneering and cost-effective payments solutions from Mastercard are fostering an emergent cashless ecosystem in the country… Read More
JS Bank to Integrate Peekabo Connect for Its Digital Banking Offerings
Striving for technological innovation, JS Bank has signed an agreement with FetchSky whereby the Bank will integrate Peekaboo Connect into… Read More
State Bank Launches Its Official Facebook Page
The State Bank of Pakistan (SBP) formally launched its official Facebook page on March 23, 2018 on the auspicious occasion… Read More
SBP Denies Rumors of Issuing Rs. 10,000 Currency Notes
The State Bank of Pakistan has categorically denied rumors that it is going to issue Rs. 10,000 banknotes. In a… Read More
UBL and Bestway Cement Undergo Internal Reorganization After BGL Takes Over as Major Shareholder
United Bank Limited and Bestway Cement have announced that they have undergone an internal reorganization exercise and its majority shareholder… Read More
SBP Issues a Statement on Recent Devaluation of Rupee
The PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ yesterday and witnessed an intraday high… Read More
