Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U… Read More
Ministry of Religious Affairs is Earning Interest from Banks
Ministry of Religious Affairs is still using conventional bank accounts to deposit and withdraw Hujjaj’s money, despite moving to Shariah-Compliant… Read More
Allied Bank President Slapped with Rs. 2 Lakh Fine & Summoned by Supreme Court
Supreme court summons and fines president of Allied Bank Limited in an ongoing pension case.… Read More
Banks Aren’t Lending Money to Govt Due to Low Policy Rate
Hoping for a rise in State Bank of Pakistan’s (SBP) policy rate, banks are holding back their money and are… Read More
SBP Launches Systemic Risk Survey to Avoid Emerging Financial Risks
State Bank of Pakistan (SBP) has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants… Read More
NBP and Bank of China Sign an Agreement to Promote Banking Services
National Bank of Pakistan (NBP) and Bank of China Pakistan Operations (BOCP) have signed an MoU to promote banking services… Read More
Germany to Also Use Chinese Yuan for its Currency Reserves
China’s Yuan is slowly becoming global as Germany’s central bank has decided to add the currency to its reserves. Apart… Read More
IBI Financing To Businesses Crosses Rs. 1 Trillion Mark in Pakistan
Businesses in Pakistan are gradually being inclined towards Islamic Banking Industry (IBI) and the system to sustain or expand their… Read More
FIA Arrests 4 Chinese Nationals Involved in Hacking ATMs
This Sunday, four Chinese ATM hackers were caught red-handed withdrawing cash from ATM machines using forged cards in two separate… Read More
National Savings App Lets You Check Investment Info, Prize Bond Results & More
National Savings is continuing to move forward on its reform agenda and is entering the Digital Age by launching a… Read More
Growing Saving & Investment Trend Expands Mutual Fund Sector in Pakistan
With gradual rise in trend of investment and savings by the individuals and group of individuals in Pakistan, the growth… Read More
UBank Gets Rs. 1 Billion in Fresh Capital Injection
U Microfinance Bank has acquired an additional Capital Injection of PKR 1 Billion as Tier 1 from its sponsors, a… Read More
