KfW, the German Development Bank, has signed an agreement with Pakistan Poverty Alleviation Fund (PPAF) to provide financing of 10… Read More
HBL Disburses First Ever Loans to Farmers With Crop As Collateral
Under an effort put together by non-profit Pakistan Agricultural Coalition (PAC), the first-ever loans by a leading Pakistani bank to… Read More
Saving Rates in Pakistan Lower than Worldwide Average: Study
People in Pakistan save only 14 pc of their monthly salary generally while worldwide, the average standard of savings is… Read More
Pakistan’s Foreign Exchange Reserves Deplete by $1.61 Billion
Pakistan foreign exchange reserves are falling down speedily, posing questions over the competency of economic managers of the country. More… Read More
Pakistan Expresses Concern at Low Business-Friendly Ranking From World Bank
A World Bank group report has discussed the ease with which it is possible to do business in Pakistan. The… Read More
Banks Directed To Refund Public Money Under NDRP
State Bank of Pakistan (SBP) directed commercial banks to refund unpaid public money under National Debt Retirement Program (NDRP) which… Read More
Cloud Computing System for Banks Should Be Located in Pakistan: SBP
State Bank of Pakistan (SBP) has directed banks to utilize cutting-edge Cloud Computing technology. However, their systems and service providers… Read More
WorldRemit and Xpress Money To Offer Money Transferring Services in Pakistan
Two of the world’s finest money transferring companies, WorldRemit and Xpress Money have joined hands in hands to launch remittance… Read More
E-Banking Transactions in Pakistan Grow by 16% in 2016
The use of e-banking channels has witnessed healthy trend in Pakistan’s banking industry with rising awareness and utility of the consumers… Read More
FINCA and Zong Sign MoU for Expanding Financial Inclusion Network
FINCA Microfinance Bank signed a memorandum of Understanding (MOU) with ZONG 4G. This MOU was signed with a focus on… Read More
Banking for Happiness
Until recently, Govind, a father of three, was one among the millions of Pakistanis living in poverty. A native of… Read More
Islamic Finance is the Solution to West’s Housing Debt Crisis: CitiGroup Economist
Over the past few years, the world economy has struggled to recover from the 2008 financial crisis. Fresh issues like… Read More
