Banks will face a heavy penalty equal to 100 times of the value of a forged banknote that are found… Read More
Non-Filers Now Have to Pay 4% Advance Tax for Car Lease
For any motor vehicle leased by a Sharia compliant scheme or through the conventional mode of financial assistance, non-filers of… Read More
CEOs and Bankers Under Investigation for Rs 10.4 Billion Fraud
Seven government officials are under fire for committing fraud of Rs 10.4 billion. Five former senior officials of National Bank… Read More
UBL Wants FIA to Take Action Against Those Maligning it on WhatsApp
United Bank Limited has registered a complaint with the Federal Investigative Agency (FIA) Cyber Crime unit against some social media… Read More
Silk Bank to Launch Its Digital Banking Services
Silk Bank will launch its digital banking services as a pilot project, with the company hoping to offer comprehensive digital… Read More
Islamic Banking Industry Assets Cross Rs 2 Trillion Mark
Pakistan’s Islamic Banking Industry (IBI) continues to attract customers from its target market, helped by its stable indicators of financial… Read More
Ali Riaz Chaudhry Takes Over as CEO of 118118 Money
Pakistani banker Ali Riaz Chaudhry has joined 118 118 Money as its new Chief Executive Officer. He will be responsible… Read More
Non-Performing Loans Rise by Rs 60 Billion in Q2 FY 16-17
The figure of fresh non-performing loans (NPL) has increased by Rs. 60 billion. The agriculture sector provides the bulk of… Read More
Rice Traders Who Failed to Meet Export Quota Get 6 Month Extension
The State Bank of Pakistan (SBP) has provided a relief of 180 days for rice traders who failed to meet… Read More
HBL Slapped with $225 Million Fine in USA
The New York State Department of Financial Services has imposed a fine of $225 million on Habib Bank’s New York… Read More
Silk Bank Raises Rs 2 Billion Through TFC
Silk Bank has successfully raised an amount of Rs 2 billion through a Term Finance Certificate (TFC) for strengthening up… Read More
Shahid Mustafa Takes Charge as President & CEO of Telenor Microfinance Bank
Seasoned banker Shahid Mustafa has been appointed the new President & Chief Executive Officer (CEO) of Telenor Microfinance Bank (formerly… Read More
