As inflationary pressures subside, is a rate cut on the horizon?
The central bank has released the MPC schedule, and the market is eagerly anticipating the decision on the policy rate
Signature Bank becomes next casualty of banking turmoil after SVB
State regulators closed New York-based Signature Bank (SBNY.O)Â on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered...
New database developed to help Pakistan out of FATF Grey List
For the past month, banks and other financial institutions in Pakistan have been using a domestic politically exposed persons (PEP) database to...
War on cash – Will the real payments revolution please stand up?
Contrary to common perception, Pakistanis are absolutely desperate to begin using internet-based payments; will the handful of well-funded fintech startups be able to break through the massive barriers to entry and get Pakistan on the road to its digital revolution?
HBL and Pakistan Post join hands to further financial inclusionÂ
ISLAMABAD: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance with an investment portfolio of Rs118...
Coronavirus: SBP will not issue new currency notes for Eidul Fitr
KARACHI: In view of the coronavirus outbreak, the State Bank of Pakistan (SBP) on Monday announced to not issue fresh currency notes...
Banking sector flourishes amid economic crisis in Pakistan: CEN
BEIJING: The banking sector has topped among other businesses that thrived during the present times of economic crisis in Pakistan, China Economic...
HBL becomes first bank to offer credit cards through mobile app
HBL has now become the first bank in Pakistan to offer credit cards through its mobile app.
According to details shared by the...
Four banks fined Rs186m over non-compliance of AML laws
ISLAMABAD:Â The State bank of Pakistan, for the first time in its history, has imposed Rs186 million fine on four banks owing to...
Half-Year Results:Â MCB Bank posts 14pc growth in profit before tax
The bank maintains industry's highest quarterly payout of Rs4 per share
The Board of Directors of MCB Bank Limited met under...
NBP partners with WorldRemit for digital money transfers to Pakistan
Using the WorldRemit app, Pakistanis living in over 50 countries can send money directly from their smartphones to NBP cash pickup...
Two new names emerge for BOP presidentship after SBP shoots down Talib Rizvi’s appointment
Editor's Note: An earlier version of this news item mentioned a few allegations that could not be independently verified and hence have...
Capital One shares drop on questions over hack
Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profits failed to convince...
Telenor Microfinance Bank appoints Mudassar Aqil as CEO
The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...