UBL Inaugurates Pakistan’s First-Ever Digital Lab

UBL inaugurated Pakistan’s first-ever Digital Lab at a ceremony held in Karachi. The lab, which was built in collaboration with IBM, will...

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...

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...

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...

WorldRemit Users Can Now Send Remittances to Bank al Habib in...

Money transfer service WorldRemit has joined forces with Bank AL Habib to support the increasing demand for money transfers to Pakistan. WorldRemit customers can now send...

MCB Arif Habib Savings Becomes First PayPak Affiliate Member

MCB-Arif Habib Savings and Investments Limited (MCB-AH) has signed an agreement with 1LINK (Guarantee) Limited (1LINK) which will result in MCB-AH joining...

​SBP Announces Time Saving Incentive For Exporters

In the wake of successful implementation of Electronic Form-E (EFE) module in WeBOC, the central bank allowed exporters to directly dispatch shipping...

SBP Backs the Devaluation of Pakistani Rupee

Hinting that the rupee can devalue even further, State Bank of Pakistan (SBP) says that it supports the devaluation of Pakistani rupee...

SBP to Upgrade Its Core Banking System

State Bank of Pakistan is upgrading its core banking system from Globus to T24R15 by Temenos.The Temenos core banking platform has been the best-selling solution on...

SBP Asks Banks to Speed Up Adoption of PayPak Cards

Deputy Governor, State Bank of Pakistan, Jameel Ahmad, has emphasized the need for the adoption of domestic payment scheme, PayPak card, by...