Allied Bank President Slapped with Rs. 2 Lakh Fine & Summoned...

President of Allied Bank Limited (ABL) has been fined by Supreme Court of Pakistan for missing an appearance before court. The highest court...

Banks Aren’t Lending Money to Govt Due to Low Policy Rate

Hoping for a rise in State Bank of Pakistan’s (SBP) policy rate, banks are holding back their money and are reluctant to lend...

SBP Launches Systemic Risk Survey to Avoid Emerging Financial Risks

State Bank of Pakistan (SBP) has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts about...

NBP and Bank of China Sign an Agreement to Promote Banking...

National Bank of Pakistan (NBP) and Bank of China Pakistan Operations (BOCP) have signed an MoU to promote banking services in the country....

Germany to Also Use Chinese Yuan for its Currency Reserves

China’s Yuan is slowly becoming global as Germany’s central bank has decided to add the currency to its reserves. Apart from Germany, Russia...

IBI Financing To Businesses Crosses Rs. 1 Trillion Mark in Pakistan

Businesses in Pakistan are gradually being inclined towards Islamic Banking Industry (IBI) and the system to sustain or expand their operations in the...

FIA Arrests 4 Chinese Nationals Involved in Hacking ATMs

This Sunday, four Chinese ATM hackers were caught red-handed withdrawing cash from ATM machines using forged cards in two separate raids at Defence...

National Savings App Lets You Check Investment Info, Prize Bond Results...

National Savings is continuing to move forward on its reform agenda and is entering the Digital Age by launching a mobile application “Qoumi...

Growing Saving & Investment Trend Expands Mutual Fund Sector in Pakistan

With gradual rise in trend of investment and savings by the individuals and group of individuals in Pakistan, the growth of mutual fund...

UBank Gets Rs. 1 Billion in Fresh Capital Injection

U Microfinance Bank has acquired an additional Capital Injection of PKR 1 Billion as Tier 1 from its sponsors, a press statement has...