Massive funding requirements increased government borrowing by 259 percent in the eight months of the current fiscal year, highlighting the… Read More
Banks to Remain Open on Saturday and Sunday for Collection of Hajj Forms
In order to facilitate the intending pilgrims to deposit application forms along with dues for Hajj 2023, the State Bank… Read More
Switzerland’s Largest Bank Acquires Crisis-Hit Credit Suisse Amid Global Crunch
Credit Suisse and Switzerland’s biggest bank UBS have merged with UBS being the surviving entity, the Zürich-based wealth manager said… Read More
Bank Alfalah Commits Rs. 49 Million to Building Schools in Flood-Impacted Areas
Bank Alfalah, the biggest corporate donor for the flood-affected communities, has partnered with The Citizens Foundation (TCF) to fund the… Read More
SHC Allows JS Bank to Carry on Process of Proposed Acquisition of Bankislami
The Sindh High Court (SHC) has allowed JS Bank Limited (PSX: JSBL) to carry on the process of the proposed… Read More
Female Bank Manager Resigns After Stealing Millions of Rupees From One Account
In Islamabad, a shocking case of embezzlement has come to light as a woman branch manager of a private bank… Read More
Banking Industry Deposits Reach Rs. 23 Trillion
The deposits in the banking industry have surged to a new height, reaching a level of Rs. 23 trillion by… Read More
Signature Bank Shut Down Marks 3rd US Bank Failure in a Week
New York regulators have shuttered Signature Bank, one of the primary US banking options for cryptocurrency firms. This marks the… Read More
Faysal Bank and Naheed Pakistan to bring Grocery on Installments
Faysal Bank and Naheed Pakistan have announced a partnership to bring a Grocery on Installments facility to all Faysal Islami… Read More
FTO Orders FBR to Probe Illegal Profit-Taking on Booking of Flats, Offices By Summit Bank
Federal Tax Ombudsman (FTO) Thursday directed the Federal Board of Revenue (FBR) to probe the matter of profits earned by… Read More
These Were Pakistan’s Top Most Profitable Banks in 2022
Banks in Pakistan maintained handsome profitability growth mainly because of periodic increases in the policy rate by the State Bank… Read More
Pakistan Has a Bigger Informal Economy Than Bangladesh, India
The documented currency in circulation (CiC) has increased to over Rs. 8 trillion in Pakistan, representing the growth in the… Read More
