Pakistan’s banking industry is likely to reach the 50 million bank account milestone this year with as public’s demand financial… Read More
Ahmed Shuja Kidwai Replaces Shafqaat Ahmed as CEO of Al-Baraka Bank
Ahmed Shuja Kidwai has been appointed the CEO of Al Baraka Bank Pakistan.… Read More
SBP Rolls Out Guidelines for Banks’ Call Centers
State Bank of Pakistan (SBP) has restricted commercial banks not to market their products and services via calls made by… Read More
1LINK Selects Gemalto EMV Solution for PayPak
1LINK, Pakistan’s largest payment processing body, has announced its selection of Gemalto PURE white label payment technology for enabling “Chip… Read More
Government’s Hajj Scheme Attracts More than 122,000 Applications
The pilgrims’ applications for Hajj 2018 include 71,730 of men and 50,987 of women.… Read More
Allied Bank President Slapped with Rs. 2 Lakh Fine & Summoned by Supreme Court
Supreme court summons and fines president of Allied Bank Limited in an ongoing pension case.… Read More
Only 12% ATMs Have Biometric Technology in Pakistan
Pakistan’s banking industry has been expanding its operations gradually across the country but its growth is limited when it comes… Read More
Pakistan’s Forex Reserves Enhance by $2 Billion
Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in… Read More
SBP Announces Time Saving Incentive For Exporters
In the wake of successful implementation of Electronic Form-E (EFE) module in WeBOC, the central bank allowed exporters to directly… Read More
Profitability for Islamic Banking Rises, Declines for Conventional Banking
Amidst prevailing low interest rates and with interest-based banks witnessing a double-digit decline in profitability, Sharia-based banks and banking divisions… Read More
NADRA Likely To Revive Money Transfer Accord With MasterCard
Earlier in the year, National Database and Registration Authority (NADRA) and MasterCard signed an agreement which would enable the Pakistani… Read More
SBP Targets 4.27 Million Farmers with its Agri Credit Outreach Program
The State Bank of Pakistan (SBP) has enhanced the credit outreach target to farmers by one million to 4.27 million… Read More