Pakistan Nominates Dr Ishrat Hussain as Candidate for Chairman IMFC

Former Governor, State Bank of Pakistan, Dr. Ishrat Hussain has been nominated as Pakistan’s candidate for the coveted position of Chairman, International Monetary...

SBP Takes Back Its Decision Which Caused Dollar’s Value to Rise...

In order to contain the pressure on the recent depreciation of Rupee against the Dollar, State Bank of Pakistan has allowed exchange companies...

Banks Loans to Private Sector Show a Sudden Increase During the...

Pakistan’s private sector is set to expand its existing and new businesses aggressively through low mark-up loans, which crossed Rs. 250 billion in...

HBL Staff Demand Reinstatement of Fired Employees

Habib Bank Limited is entangled in yet another new crisis due to union politics since it fired its 144 employees recently. The...

Sindh Bank and Summit Bank Merger Approved By Cabinet

The merger between Sindh central and Summit bank has been approved.As per earlier reports, Summit Bank closed its operations on December 29 as...

Masterpass QR Brings You Secure, Quick and Discounted Cash Payments

Harnessing the power of mobile technology, Masterpass QR is a new payment solution that allows you to pay for goods and services...

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...

Rs. 2.5 Billion Released for Prime Minister’s Export Incentives Package

The government has released Rs. 2.5 billion for the implementation of “Prime Minister’s Export Incentives Package” bringing the total to Rs. 16.5...

Pakistan Makes its First Electronic Islamic Banking Transaction Through PMEX

Pakistan Mercantile Exchange Limited (PMEX), the country’s only multi-commodity futures exchange, has facilitated Pakistan’s first electronic Murabaha transaction, which in essence will...

Branchless Banks Asked to Give Rs. 100 of Mobile Balance on...

State Bank of Pakistan (SBP) has asked branchless banking (BB) players to give free airtime of Rs. 100 to their account holders,...