The Bank of Punjab (BOP), recognized as one of the nation’s premier commercial banks, has embarked on a pioneering journey… Read More
Roshan Digital Account Inflows Cross $6.6 Billion in August
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at $6.617 billion by the end of August 2023,… Read More
Telenor Microfinance Bank Receives In-Principle Approval to Establish a Digital Retail Bank
Telenor Microfinance Bank, operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail… Read More
Banks to Remain Closed On 29 September
The State Bank of Pakistan (SBP) announced on Friday that it will remain closed next Friday, 29 September 2023, on… Read More
Bank Al Habib to Set Up Exchange Company
The Board of Directors of Bank AL Habib Limited (PSX: BAHL) has approved the establishment of an exchange company with… Read More
Currency Dealers Unhappy With Banks Replacing Exchange Companies
Currency dealers warned that replacing existing money exchange companies could backfire and allow banks to abuse the situation by manipulating… Read More
Small Exchange Companies Will Not Be Allowed to Operate: SBP Governor
Besides revoking licenses of exchange companies involved in illicit activities, the State Bank of Pakistan (SBP) will not allow small… Read More
SME Bank to Be Completely Closed in Next Few Days
The Senate Standing Committee on Finance was informed on Wednesday that the Small and Medium Enterprises (SME) Bank will be… Read More
SBP Awards In-Principle Approval to 5 Digital Retail Banks
In a bid to foster innovation, financial inclusion, and availability of affordable digital financial services, the State Bank of Pakistan… Read More
HugoBank Granted In-Principle Approval to Launch Digital Banking in Pakistan
HugoBank has been granted an In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of… Read More
Faysal Bank Declared Best Emerging Islamic Bank at Global Finance Islamic Awards (GIFA)
Faysal Bank Limited (FBL) has been recognized as the “Best Emerging Islamic Bank 2023” at the 13th Global Islamic Finance… Read More
Bank Alfalah Partners with UN Women to Drive Women’s Empowerment through Financial Literacy and Inclusion
Bank Alfalah, a leading commercial Bank in Pakistan, has partnered with UN Women to launch financial inclusion awareness sessions. The… Read More
