Provincial govt sets aside Rs10b for establishment of Balochistan Bank

Quetta: The provincial government has set aside Rs10b for the launching of Balochistan Bank in the current financial year 2017-18. It is expected to...

Senate standing committee raises doubts over BOP’s right shares issue

Islamabad: On a complaint of a minor shareholder of the Bank of Punjab, the Senate Standing Committee on Thursday took it up in regard...

Borrowing from private sector surges by 126pc: SBP report

Karachi: A recently released report from State Bank of Pakistan (SBP) has revealed that borrowing from the private sector has surged by 126pc during...

SBP passes rules for banks to become fully Shariah compliant

Karachi: State Bank of Pakistan (SBP) has issued guidelines covering how banks that want to be fully-fledged Shariah compliant can achieve that status, setting a...

Current account deficit surges by 131pc during FY 2016-17

Karachi: The State Bank of Pakistan on Thursday revised the figures for the current account deficit (CA) which increased to $10.64b, surging by a...

A major cyber attack soon to hit Pakistani banks + 4 other unsettling predictions...

“Pakistan’s first Unicorn will be a fintech, which will provide a platform play as opposed to a single app,” Planet N Group...

Forex reserves held by SBP rise by 6.19pc to $16.3b

Karachi: The total liquid foreign reserves held by the country stood at $21,358.0m on June 23, 2017. A weekly increase of 6.19pc has been...

FBR issues list of 88 countries for exchanging financial data

Karachi: A list of 88 countries has been notified and issued by the Federal Board of Revenue on Friday for auto swapping of financial...

SBP revises guidelines on outsourcing arrangements

Karachi: The State Bank of Pakistan (SBP) has revised the ‘Guidelines on Outsourcing Arrangements’ with the objective of enabling financial institutions (FIs) including commercial...

Micro-finance banks instructed to install biometric devices by year end says: SBP

Karachi: The State Bank of Pakistan (SBP) on Monday instructed micro-finance banks (MFBs) to make the use of biometric technology mandatory for the authentication...

Branchless banking transactions saw increase in Jan-March quarter: SBP report

Karachi: The State Bank of Pakistan (SBP) on Friday released statistics detailing the rise of branchless banking accounts in the country by 73pc to...

PBA urges government to scrap ‘super tax’

Islamabad: Pakistan Banks Association on Thursday demanded the government to withdraw the super-tax that was enacted in 2015 after the recent passing of the...

SBP introduces new amendments to control money laundering

Karachi: On Wednesday, the State Bank of Pakistan (SBP) made a number of changes in respect to regulations for anti-money laundering and terror financing,...

SBP gives go-ahead to NIB bank’s merger with MCB

Lahore: The State Bank of Pakistan (SBP) has granted approval for the merger/amalgamation of NIB Bank Limited with and into MCB Bank Limited on Wednesday. SBP,...

Banking sector performance report for 1st quarter released by SBP

KARACHI The deposits of the banking sector have gone up by one per cent in the first quarter (Jan-Mar) of the calendar year 2017 in...

Popular News

How Political Power Attracts Undue Money

The final report of the Joint Investigation Team (JIT) into Prime Minister Nawaz Sharif and his family’s foreign assets (the “Panama Case”) is the...