Khushhalibank selects IRIS Payment Platform for digital transformation
Karachi:Â As Khushhali Microfinance Bank Limited continues to expand its customer base amongst an increasingly growing microfinance market, it recognizes the need to...
NBP signs MoU’s with Mobi Direct, becomes settlement bank, consortium member
ISLAMABAD: The National Bank of Pakistan (NBP) signs two Memorandum of Understanding with Mobi Direct enabling NBP to become a consortium member and...
SBP issues fresh notes ahead of Eidul Azha across Pakistan
KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field...
Market Daily: PM gets cold welcome from PSX as stocks end flat
LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom,...
Country’s current A/C deficit widens to $2.2bn in July
KARACHI: The current account deficit (CAD) of the country further widened by 12.18 per cent to $2.2 billion in the first month...
SBP stipulation creates oversupply of dollars and other currencies
The central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate
Digital banking moving nation towards paperless economy
ISLAMABAD: The emerging trends of digital transactions offered by various banks vitally contribute towards a more efficient - paperless economy.
Cashless transactions are...
Bank of Punjab poses 61pc robust rise in half-yearly profits
LAHORE: A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on
17 August 2018 to consider and...
Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Sindh, Summit bank’s chiefs hope for complete merger before September
On the intervention of the Supreme Court of Pakistan, the share ratio for the merger has been fixed at 8.37 Summit Bank shares for one share of Sindh Bank
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with...
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...
SBP reiterates commitment as custodian of Pakistan’s financial system: SBP Governor
KARACHI: The State Bank of Pakistan (SBP) celebrated the Independence Day anniversary of Pakistan on August 14 at the SBP headquarters in Karachi. SBP...
PHMA fears import restriction to hinder export orders
LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Monday feared that the latest move of import restriction by the State Bank of...
Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE:Â The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...