BankIslami pioneers Pakistan’s first ‘OneTouch Banking’ solution
With the growing prevalence of technologically advanced solutions within the Pakistani banking industry, BankIslami has set the benchmark for the industry with...
WB to launch prosperity fund for Pakistan on Friday
ISLAMABAD: The World Bank (WB) in collaboration with United Kingdom (UK) Prosperity Fund would formally launch prosperity fund for Pakistan for the...
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
5 ZTBL officials fake as ghost farmers to steal millions of government funds
Five official workers namely Khushdil Khan, Binyamin Khan, Zari Gul, Sajjad Mehmood and Mohammad Fayyaz of Zarai Taraqiati Bank (ZTBL) have been...
New York DFS fines HBL NY branch $225m
Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225...
SBP, FBR launch online collection of taxes and duties
KARACHI: The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) today formally launched its online tax collection system. This...
Govt to increase duties on 7,000 imported items, gradual elimination of super tax
Finance bill documents indicate that Federal Board of Revenue (FBR) has suggested decreasing the advance tax on banking transaction for non-filers by 0.4 per cent permanently.
SBP celebrates 70 years of excellence amid acknowledgement from society
KARACHI: The State Bank of Pakistan (SBP) celebrated its 70 years’ anniversary on Sunday with a number of programs taking place simultaneously at the...
Foreign reserves held by SBP fall by $342mn
The total liquid foreign reserves held by the country stood at $16,369.7 million on 31 August 2018, according to the State Bank...
Karandaaz signs three agreements to improve International Remittance Solutions under Innovation Challenge Fund
The country’s leading promoter of financial inclusion, Karandaaz Pakistan has signed agreements worth PKR 148 million with three prominent players in the...
Micro-finance sector recorded 47.3pc growth in its portfolio till December 2016
Islamabad: The microfinance sector witnessed 47.3 percent growth in its aggregate micro-credit portfolio, which grew to Rs136.9 billion till December (2016-17) compared...
SBP introduces framework to counter trade-based money laundering and terrorist financing
The central bank also told banks to enhance the oversight role of the board of directors and senior management in the areas of ML/TF/PF risks associated with trade transactions
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...
FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000
ISLAMABAD:Â The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs...
G20 to monitor crypto-currencies, keen to regulate industry
BUENOS AIRES:Â The top 20 economies of the world have agreed to keep an eye on cryptocurrencies and financial policymakers are keen to...