SBP must proactively encourage lending for home loans, says NPHP chairman
Webinar explains housing finance is at an infant stage in Pakistan, but there is potential for huge growth
SBP allows financial institutions to outsource cloud-based services
KARACHI: The State Bank of Pakistan (SBP) on Monday allowed financial institutions to outsource hosting on the cloud to both domestic and...
Banks to disburse loans under Naya Pakistan Housing Scheme from next week
KARACHI: Naya Pakistan Housing and Development Authority (NAPHDA) Chairman Lt Gen (r) Anwar Ali Hyder said on Friday that six commercial banks...
Six Pakistani banks named in FinCEN leak
Six Pakistani banks have been named in an investigation on the role global banks play in money laundering by Buzzfeed News and...
Pakistan‘s interest rate expected to remain at 7pcÂ
Experts have said that the State Bank of Pakistan (SBP) is expected to keep the interest rate at 7 per cent for...
Seven women-led companies win up to Rs1.5m in seed grants from Standard Chartered Bank
KARACHI:Â Standard Chartered, in partnership with INNOVentures Global (Pvt) Limited, has announced top seven winners of #SCWomenInTech Programme 2020.
Through the initiative, the seven...
SBP allows banks to open branches on Saturdays
KARACHI: As coronavirus cases continue to decline across the country, the State Bank of Pakistan (SBP) has permitted banks to open a...
As rainfall swept Karachi, banks failed to notify customers about flooded lockers
Customers of at least three banks – Habib Metropolitan, UBL, and Samba – are complaining that banks did not do enough to inform them their valuables had been damaged by monsoon water.
Dhabi Group of Companies appoints Tanweer Awan as CEO amid performance woes
The Dhabi Group of Companies, which owns and operates Bank Alfalah, Pakistan’s seventh-largest bank, has appointed transformation and turnaround expert Tanveer Awan,...
Silkbank – Best Innovation in Retail Banking Pakistan 2020
Silkbank has won the award for best innovation in 'Retail Banking Pakistan 2020' at the International Bankers Awards. This award is a...
For overseas Pakistanis’ ease, HBL launches ebanc ‘Roshan Digital Account’
KARACHI: HBL launches the ‘Roshan Digital Account’, an initiative of the State Bank of Pakistan.
The ebanc‘Roshan Digital Account’ is an innovative product...
Engro Fertilizers, MCB introduce first ‘electronic bank guarantee solution’ in Pakistan
Engro Fertilizers Ltd and MCB Bank Ltd have partnered to accelerate the digitisation of financial products by developing Pakistan’s first-ever solution to...
JS Bank posts Rs1.47bn profit before tax for 1H2020
JS Bank has reported a turnaround in its profitability by posting a profit before tax of Rs1,472 million for the half-year ended...
Citibank Pakistan CEO Nadeem Lodhi resignsÂ
KARACHI: Nadeem Lodhi, the chief executive officer (CEO) of Citibank Pakistan has handed in his resignation to Citibank, and will officially retire...
SBP revises banks’ sensitivity risk guidelines
KARACHI: The State Bank of Pakistan has revised its guidelines on stress testing of the banking sector. The new guidelines will replace...