Governor State Bank of Pakistan, Ashraf Mahmood Wathra, has emphasized the importance of enhanced cooperation among the central banks to… Read More
Foreign Banks Continue to Make Handsome Money
Foreign banks operating in Pakistan have succeeded in booking profits in the first quarter of 2016 in contrast to local… Read More
Banks Transactions on PRISM Continue to Grow
During the second quarter of FY16, Pakistan Realtime Interbank Settlement Mechanism (PRISM) settled 225,598 transactions of value Rs. 64.1 trillion… Read More
70 Percent of Pakistan isn’t Aware of ATMs: Study
Only 30 percent of Pakistanis claim to have heard the word “ATM” and understand its meaning, leaving 70 percent of Pakistani population totally… Read More
Twice in a Month: HBL Blocks Customers Debit Cards For Security Reasons
Customers of Habib Bank Limited are facing a nightmare scenario as the bank’s debit cards were blocked for a second… Read More
Standard Chartered on Clousure Drive of Branches in Pakistan
Standard Chartered Bank, a UK based bank head-quartered in London, is on a rapid closure drive of conventional branches in Pakistan. Development… Read More
Visa to Launch Mobile Financial Platform in Pakistan
Visa, through its fully owned arm Fundamo, is planning to launch a new Mobile Financial platform in Pakistan, revealed a… Read More
E-banking Transactions Mount to Rs 7.6 Trillion: SBP
The value and volume of overall e-banking transactions in the country increased by 18.02 percent and 11.31 percent during the… Read More
CCP Imposes Rs. 770 Million Penalty on Banks for Charging ATM Withdrawals
The Competition Commission of Pakistan (CCP) has imposed a total penalty in the sum of Rs. 770 million, including Rs.… Read More
MCB Employs IBM and Misys to Streamline Treasury Operations
IBM and its Business Partner Misys have been employed by Muslim Commercial Bank (MCB) Limited to automate the bank’s Treasury… Read More
PTCL to Offer IP / MPLS Services to NSO
Pakistan Telecommunication Company Limited (PTCL) will provide country wide connectivity services to facilitate National Savings Organization (NSO) in transforming into… Read More
UPayments Now offers Inter Bank Funds Transfer Service
Ufone in collaboration with Habib Bank Ltd. has introduced Funds Transfer facility, which will allow it’s customers to transfer funds… Read More
