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 to technological...

SBP Plans to Increase Credit to SME Sector to Rs. 1...

State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and Medium Enterprises...

ADB Appreciates Pakistan’s Improved Credit Rating

Asian Development Bank (ADB) on Tuesday offered Pakistan its technical assistance to turn around loss-making public sector’s entities. Pakistan’s credit rating has...

Govt’s WHT on Banking Transactions Is Doing More Harm Than Good

The government has enhanced the burden of taxes on the common man to generate revenues for the economy but its measures such...

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 the outgoing...

SBP to Introduce Asaan Mobile Account Scheme in January 2018

The government is planning to launch the Asaan Mobile Account (AMA) Scheme in January 2018 to allow anyone with a basic mobile...

UBL’s Profits Fall Amidst Increased Operating Costs

Financial results submitted to the Pakistan Stock Exchange (PSX) on Thursday show that UBL’s profit for the third quarter (July-Sep 2017) stood...

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...

SBP Profits Up By Rs 238 Billion in FY17

State Bank of Pakistan has made a profit of Rs. 238.064 billion in the financial year 2016-17 as against of the profit...

Banks Pushed to Increase Loans to SMEs

In order to boost the scale of Small and Medium Enterprises (SMEs), banks have been pushed to advance loans to this sector...