Summit Bank is set to bring stability to its financial management step by step, as the bank’s shareholders authorized the… Read More
SBP Will Assist Banks to Convert to Islamic Mode
Deputy Governor of the State Bank of Pakistan (SBP) Sima Kamil said that the banking regulator will facilitate banks having… Read More
Visa Appoints Umar Khan as Country Manager for Pakistan
Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in… Read More
Bank Profits Could Fall Up to 11% if Govt Taxes Forex Income
The imposition of a 10-30 percent tax on the banking sector’s foreign exchange income will impact the profits of banks… Read More
Summit Bank Will Become an Islamic Bank in 3 Years
The management of Summit Bank has planned to transform the operation of the bank from interest-based to Shariah-based banking mode… Read More
Banks to Remain Closed on January 2
The State Bank of Pakistan (SBP) and other banks will remain closed for public dealing on Monday, January 2, 2023,… Read More
Another Mini-Budget on the Cards As Govt Aims to Raise Rs. 60 Billion Via Ordinance
A mini-budget is most likely on the cards as the government wants to raise an additional Rs. 60 billion revenue… Read More
Pakistani Islamic Banks Leave Behind Conventional Banks With Record Growth of 87.5% in 2022
The Islamic banking industry (IBI) has left behind the conventional banking industry by wide margins, showing a handsome pre-tax profit… Read More
SBP to Issue New Banknotes With Signature of Governor SBP Jameel Ahmed
The State Bank of Pakistan (SBP) will start issuing banknotes bearing the signature of SBP Governor, Jameel Ahmad with effect… Read More
SECP Issues Digital Lending Standards Against Coercive Recovery Practices
The Securities and Exchange Commission of Pakistan (SECP), taking notice of rising concerns involving mis-selling, breach of data privacy, and… Read More
1Link Stops Online PTA Payments for DIRBS Due to an Odd Reason
The relevant authorities have directed all commercial banks to restrict the processing of tax payments of mobile levies or handsets… Read More
SBP Waives OTP Requirement for Asaan Mobile Account Opening
State Bank of Pakistan has temporarily waived off the One Time Password (OTP)/Call Back Confirmation (CBC) requirement till 10 May… Read More
