The PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ yesterday and witnessed an intraday high… Read More
SBP and FBR Launch Online Payment Option for Taxes and Duties
FBR and SBP have launched online/ATM payment solution that can be used to pay taxes and file the returns.… Read More
Honda Partners With Faysal Bank to Offer Exclusive Services
Faysal Bank Limited (FBL) has joined hands with Honda Atlas Cars Pakistan Ltd. to offer exclusive rewards and value-added services… Read More
Pakistani Rupee Depreciates to Rs. 118 Against Dollar in Interbank Market
The rupee has faced another devaluation as it now stands at a staggering low value against one US dollar.… Read More
HBL Profits Fall in FY2016-17 After the New York Branch Scandal
HBL, on Monday, declared a consolidated profit after tax of Rs 7.82 billion for the year 2017, which is down… Read More
Islamic Banking Will Continue to Replace Conventional Financing in Islamic Markets: Moody’s
The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance… Read More
Khushhali Bank Joins Hands with TPS for Digital Transformation
As Khushhali Microfinance Bank Limited continues to expand its customer base amongst an increasingly growing microfinance market, it also recognizes… Read More
UBL To Inject $9.4 million in Tanzanian Subsidiary
United Bank Limited (UBL) is planning to inject US $9.2 million in its subsidiary of Tanzania this year in order… Read More
Govt’s Lack of Support is Hurting Islamic Banking: Former Governor SBP
Islamic Bankers have blamed federal government’s lack of support for Islamic Banking and public misconceptions as the main reasons hampering its… Read More
SBP to Penalize Banks Over Failing Regulatory Requirements
State Bank of Pakistan (SBP) has tightened its regulations for banks for maintaining cash reserves, securities and assets amount on… Read More
SBP Issues PRISM Operating Rules For Banks & Financial Institutions
State Bank of Pakistan (SBP) has directed all commercial banks to strictly use the International Bank Account Number (IBAN) of… Read More
Khalid Qurashi Resigns from Bank Alfalah
Khalid Qurashi, an independent director and board member, has resigned from Bank Alfalah recently. He is one of the three… Read More
