International Data Group’s CIO announced UBL Fund Managers, a leading asset management company, as a recipient of the 2016 CIO 100… Read More
Zakat To Be Automatically Deducted from Bank Accounts with Rs. 35,557 & Above
The government has decided that Rs 35,557 will be considered as the minimum amount for nisab of Zakat this year.… Read More
Banks to Share Details of Your Accounts with FBR
Pakistan-based Banks have agreed to share information about account holders making cash or non-cash transactions with the Federal Board of… Read More
UAE Group Invests with Intelligenes to Form Fintech Firm in Pakistan
Intelligenes, a Pakistani financial solutions company, has joined hands with UAE’s Monami Group to cofound Monami Tech. Monami Tech — has… Read More
Faysal Bank Launches Mobit App for iOS & Android
Faysal Bank announced the launch of their Mobile App – Mobit. This App is an extension of Mobit Internet Banking… Read More
Meezan Bank Awarded for Innovation in Branchless Banking
Global Finance magazine has revealed The Innovators in Islamic Finance for 2016. The list recognizes Meezan Bank for launching the … Read More
DGM Payment Services, HBL, Resigns to Start his Own Fintech Startup
Mr. Ghazanfar Ali Khan, Deputy General Manager, Payment Services Group, HBL has resigned from his position to head start his… Read More
HBL Acquires Majority Stakes in First Micro-Finance Bank
Habib Bank Limited (HBL) has acquired majority stakes in First Micro-Finance Bank Limited (FMFB). According to a filing by HBL, it… Read More
Pakistan’s Existing Laws Continue to Facilitate Money Laundering
After the furor surrounding the Panama leaks, the government claimed to take action against tax evaders and against the practice… Read More
EasyPaisa Launches App to Completely Manage Your Mobile Wallet Account
The game of mobile payments and m-wallets is heating up. Telenor was the first major telco to bring mobile accounts… Read More
SBP Reduces Policy Rates by 25 bps to 5.75%
State Bank of Pakistan reduced the policy rates slightly by 25 basis points to 5.75 percent with cautious approach after… Read More
Ali Riaz Chaudhry Appointed As President and CEO of Tameer Bank
Tameer Microfinance Bank announced that Ali Riaz Chaudhry has assumed the role of bank’s new President and Chief Executive Officer… Read More
