The penetration of foreign banks in Pakistan is getting low with minimal contribution in local banking industry and the overall… Read More
JS Bank & Wemsol Pvt Join Hands to Promote E-Commerce via Keenu NetConnect
JS Bank and Wemsol Pvt Ltd have signed an agreement for Keenu NetConnect to promote e-commerce in the industry by… Read More
Bank Alfalah Partners with Mastercard for Masterpass QR Rollout
In a move aimed at further driving the cashless ecosystem in Pakistan, Mastercard, a leading technology company in the global… Read More
President Mamnoon Hussain Inaugurates Bank of China in Pakistan
President Mamnoon Hussain, at a ceremony in Aiwan-e-Saddar in Islamabad on Tuesday, officially inaugurated the Bank of China’s operations in Pakistan. Bank… Read More
Banks That Don’t Exchange Defective Currency Notes to Be Penalized
State Bank of Pakistan (SBP) has decided to penalize commercial banks by up to Rs. 10,000 if its officials don’t… Read More
JS Global Hosts Pakistan Investment Conference in New York
JS Global Capital Limited (JSGCL), Pakistan’s largest and premier brokerage and investment banking firm is hosting Pakistan Investment Conference in… Read More
Sindh Bank-Summit Bank Merger to Happen in December
The management of Summit Bank has finalized a scheme of amalgamation of its operations with Sindh Bank. Summit Bank will… Read More
National Savings is Working on Multiple New Products and Schemes
National Savings (NSS) is working on new products which include Shuhada bahbood accounts, products for special people, overseas Pakistanis and… Read More
UBL Launches Wiz Virtual Card for Online Shopping
If you have a bank account, it’s likely that you carry your debit/credit card with you wherever you go. And… Read More
SBP Finally Allows Insurance Companies to Issue Dollar Denominated Policies
The State Bank of Pakistan (SBP) has decided to allow resident insurance companies to issue US Dollar denominated insurance policies… Read More
SBP to Introduce Asaan Mobile Account Scheme in January 2018
The government is planning to launch the Asaan Mobile Account (AMA) Scheme in January 2018 to allow anyone with a… Read More
SBP Had to Spend Rs. 9.1 Billion on Printing Currency Notes Last Year
Despite the increasing use of plastic money (credit/debit cards) in Pakistan, the usage of cash has increased among the public… Read More
