TransferWise (now known as Wise), a popular financial service used by freelancers to transfer funds to Pakistani accounts, was briefly… Read More
Here Are The Winners of 7th edition of Pakistan Banking Awards
The seventh edition of the Pakistan Banking Awards (PBA) 2022 was held in Karachi, Governor of State Bank of Pakistan… Read More
FIA Goes After Industrialists Involved in Money Laundering
The Federal Investigation Agency (FIA) has discovered that two industrialists, Muhammad Saeed and his son Ahmed Saeed, used a trust’s… Read More
Bank Alfalah Limited to Buyback 200 Million Shares
Bank Alfalah Limited (BAFL) will buyback up to 200 million ordinary shares having a face value of Rs. 10 per… Read More
Customers Facing Difficulties Due to Disruption in Banking Services [Updated]
Customers of a few banks are facing hardship and inconvenience due to the unavailability of various services, mainly at ATMs… Read More
SBP Asks Banks to Enhance Islamic Banking Footprint From 2023
The State Bank of Pakistan (SBP) has directed commercial banks to enhance their Islamic banking footprint in order to promote… Read More
Mufti Taqi Usmani Says All Religious Sects Demand an End to Interest-Based Banking System
Interest-based banking is apparently a menace and should be removed entirely from the country’s banking sector. Mufti Taqi Usmani, a… Read More
Govt to Launch $85 Million Credit Guarantee Scheme for Low-Income Housing
The Economic Coordination Committee (ECC) of the Federal Cabinet on Tuesday approved to launch of a $85 million World Bank-funded… Read More
SBP Raises Interest Rate by 1%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Friday raised the policy rate by 100 basis points… Read More
JS Bank Wants to Acquire Majority Stake in BankIslami
JS Bank plans to enhance its shareholding by over 51 percent in BankIslami to attain the status of the majority… Read More
Pakistan’s Current Account Deficit to Remain Below $10 Billion in FY2023: Governor SBP
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, has announced that the current account deficit (CAD) will… Read More
Finance Ministry Conducts Interviews for Selection of NBP President
The finance ministry on Wednesday under the supervision of Finance Minister Ishaq Dar conducted interviews for the selection of the… Read More
