SBP governor directs banks to focus on agriculture credit
State Bank of Pakistan Governor Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on...
BOP writes off Rs1589.3 million worth of loans
The Bank of Punjab has provided details of names of beneficiaries with the written-off amounts to the Punjab Assembly on Wednesday from...
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...
From JazzCash to Cashless – Hacker steals money from retailers’ mobile accounts
In a recent development that could undermine the government and private sector’s efforts towards financial inclusion, a fraudster siphoned off Rs15 lacs...
NADRA-MasterCard Agreement suspended
Interior Minister Chaudhry Nisar Ali Khan has suspended the NADRA-MasterCard agreement saying that the deal was made without seeking prior written government...
SBP looking into NADRA-MasterCard agreement over concerns of possible breach of security of national database
The State Bank of Pakistan (SBP) has decided to look into a newly signed agreement between MasterCard - an online payment processing...
Pakistan seeks help to set up institution for financing development
Pakistan is seeking the support of international financial institutions (IFI) to set up a new institution to facilitate long-term investment for infrastructure...
Strong deposit growth bodes well for Pak banks
Deposits at Pakistan’s commercial banks reached Rs11.2 trillion as of December 30, 2016, some 20.4 per cent year-on-year growth in deposits compared...
NIB-MCB merger process hits a snag
Former employee obtains legal injunction
Singapore government-owned Temasek Holdings likely to approach Pakistani government to protect its investments
A former employee of...
Pak Oman purchases AIML’s 100pc share from Askari Bank
The Pak Oman Asset management Company Ltd (Pak Oman) will acquire 33.5 million or 100 per cent shares of Askari Investment Management...
Digital Distribution – The Case for Digitizing Pension Payments in Pakistan
Pension payments in Pakistan constitute one of the largest payouts at an institutional level in cash. With modern technology bringing a wave...
Weekly review: Index witnesses one of its most robust weeks in recent history
The Benchmark KSE-100-Share Index witnessed a historic week with spirited investor interest as political tension wear off during the first two days....
Stock market records highest ever day-gain after federal capital’s lock-down called off
Karachi
Pakistan’s stock market made a resounding comeback to record highest-ever day-gain in its history following Imran Khan's announcement to call off his Dharna...
Bank of Punjab is back in the game
GOP promises more funds on top of Rs17 billion already deposited
The Bank of Punjab (BOP) has shown a phenomenal recovery in the...
Consumers lose money amid falling demand for old 100-dollar bills
Moneychangers, banks exploiting situation as regulator looks the other way