The Securities and Exchange Commission of Pakistan (SECP) has taken several new initiatives to promote capital formation through Initial Public… Read More
SBP Allows Flood Donations Through Home Remittance Channel
In order to facilitate overseas Pakistanis and foreign donors, the State Bank of Pakistan (SBP) has allowed the banks and… Read More
Lahore High Court Issues Decree for Strict Enforcement of Anti-Money Laundering Act
After a detailed judgment of the Lahore High Court in favor of the FBR, tax evaders cannot escape criminalization and… Read More
President Orders HBL to Pay Over Rs. 200,000 to Man Scammed Online
Habib Bank Limited (HBL) has been directed to pay Rs. 249,525 in compensation to a cook who was scammed online.… Read More
PSX Notifies Listing of HBL Exchange Traded Fund
Pakistan Stock Exchange (PSX) has notified the listing of HBL Total Treasury Exchange Traded Fund managed by HBL Asset Management… Read More
Govt Plans to Issue Rs. 1.5 Trillion Ijara Sukuk in FY23
The government is set to generate funds of Rs. 1.5 trillion through Ijara Sukuk against various assets, mainly public sector… Read More
Petrol Stations No Longer Accepting Debit/Credit Cards for Payment
The majority of fuel stations under Oil Market Companies (OMCs) have reportedly stopped accepting payment via credit/debit cards for petrol… Read More
Faysal Bank to Become a Full-Fledged Islamic Bank From 2023
Faysal Bank Limited will operate as a full-fledged Islamic bank from 2023 as its management has converted more than 90… Read More
SBP Ask Banks to Facilitate Customers for Flood Relief Donations
The State Bank of Pakistan (SBP) has asked banks’ customers to lodge their complaints against banks in case they are… Read More
BankIslami Registers 24% Profit Growth in H1 2022
BankIslami Limited has reported a profit after tax (PAT) amounting to Rs. 1.436 billion for the half year ended June… Read More
MCB Bank No Longer Wants to Acquire Telenor Microfinance Bank
The management of MCB Bank has decided not to pursue its interest in the acquisition of a major shareholding either… Read More
Roshan Digital Account Inflows Surge to Nearly $5 Billion in Under 2 Years
Roshan Digital Account inflows have surged to over $4.95 billion through 452,821 accounts of overseas Pakistanis from 175 countries in… Read More
