Top banks reassure complete safety to their customers
KARACHI:Â In light of the recent news with regard to cyber-attacks, the top banks of Pakistan have reassured complete safety of their valuable...
Banking sector in shambles over a plausible cyber-attack
MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected
SBP rejects media reports, says data of only one bank hacked
The State bank of Pakistan (SBP) has ‘categorically’ rejected the reports circulating in the mainstream media that the data of most banks...
Hackers steal data from ‘almost all Pakistani banks’: FIA
A cybersecurity service says at least 19,864 debit card details belonging to 22 Pakistani banks are being sold on the dark web
CDNS unearths largest-ever ‘scam’ of Rs200 million
Internal control weaknesses, lack of reconciliation of data held in manual and computerized database led to the discovery of this fraud
Habib Bank makes the pivot towards FinTech
Pakistan’s largest bank announces a big push into branchless banking, investments in technology infrastructure
IT security, monitoring system to help avert hacking attempts: SBP
ISLAMABAD: A spokesperson of the State Bank of Pakistan (SBP) on Sunday, while speaking about the recent hacking attempts on banks said...
Possible fraud causes banks to disable int’l ATM transactions
So far no other bank has reported any cyber attack or fraudulent activity within their accounts.
Govt rebuffs APG request to link financial, banking systems with CNICs
The APG delegation which came to Islamabad in October had demanded the launch of a comprehensive procedure to monitor on cash donated for sadqa and zakat by citizens to madrassahs and the destitute
CDNS hikes saving scheme rates to almost four-year highs
Till now, the CDNS has raised a total of Rs2.72 trillion via the sale of saving schemes (net of prized bonds) by 31st August of this year which translates to 15.67%Â of the overall government domestic debt and liabilities at Rs17.36 trillion, as per the central bank
Banking sector profits decline by 27pc to Rs31.6bn
KARACHI: The profitability of Pakistan’s banking sector declined to Rs31.6 billion during the third quarter of 2018, down by 27 per cent YoY...
Yen falls, Australian dollar gains as U.S.-China trade angst eases
Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.
Meezan Bank and Hyundai Nishat Motor sign Rs5.66b Islamic finance facility
Meezan Bank is the sole lead arranger of this Islamic finance facility for Hyundai Nishat to finance its upcoming vehicle manufacturing project
Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP
The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion
HBL reinventing itself under new president
The HBL CEO aims to transform it into an IT company with a banking license