Shareholders of listed companies to submit bank account details in 45 days
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given 45 days to shareholders of listed companies to provide relevant details...
SECP introduces non-banking microfinance regulatory framework
The Security Exchange Commission of Pakistan (SECP) has filled up the regulatory vacuum in the microfinance sector by introducing non-banking microfinance regulatory...
Banks instructed to prohibit transactions above $50,000
Banks have been instructed to prohibit transactions equal to or more than $50,000 from actual amount payable before the enforcement of international...
SBP calls for accelerated adoption of PayPak card by banks
KARACHI: The Deputy Governor of State Bank of Pakistan (SBP), Jameel Ahmad, has emphasized the need for the adoption of domestic payment...
Nouman Ansari completes his tenure at Faysal Bank
President and Chief Executive Officer of Faysal Bank Nouman Ansari has stepped down from his position, media sources have reported. Ansari completed his tenure...
NBP declares Rs 22.8bn PAT in 2016 up by 18%
The meeting of board of directors of National Bank of Pakistan (NBP) was held today at NBP Head Office Karachi and it...
Market Daily: Bears roar as PSX starts week in red
LAHORE: It wasn’t an ideal start to the week, but investors didn’t look surprised. Long hanging uncertainty over the country’s economic situation has...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
Gulf investors seek exit opportunity from Pakistan’s banking industry
LAHORE: After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking...
Supreme court halts Sindh Bank-Summit bank merger citing irregularities
KARACHI: The Supreme Court of Pakistan on Saturday stopped the merger of Sindh Bank and Summit Bank till further orders and issued notices...
Japan’s Line ties up with Tencent, Mizuho; shares jump
Japanese retailers offering Line Pay services will be able to process payments from the growing numbers of Chinese tourists using Tencent’s WeChat Pay from early next year, Line said
A major cyber attack soon to hit Pakistani banks + 4 other unsettling predictions about digital banking
“Pakistan’s first Unicorn will be a fintech, which will provide a platform play as opposed to a single app,” Planet...
Pakistan Banao Certificate targeting overseas Pakistani’s to be launched on 31st January
According to details shared by the Finance Minister Asad Umar, the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return
EU banks will be allowed to operate normally in UK, post Brexit: BBC
LONDON: The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create...
The real reason behind a 1/3rd drop in Sep’ remittances
LAHORE: The recent drop in remittances by almost a third has been attributed to the “HBL saga” as per a research report published today....