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...
SBP to cease issuance of Rs40,000 prize bonds from 15th Feb
The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds
World Bank to establish its UAE office at Abu Dhabi Global Market
ABU DHABI:Â The Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced that World Bank will establish its...
Govt officially appoints Arif Usmani as NBP CEO
Mr Usmani had been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan.
Diaspora bond sale rakes in $1 million in less than two weeks
PBC is attracting demand majorly from expatriates residing in the United States and Europe
Overseas Pakistani’s remit $12.774 billion in first seven months of FY19
During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018
Banks’ deposits grow 8.79pc in January
ISLAMABAD:Â The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million...
Moody’s changes outlook to negative for Pakistan’s banking sector
Moody’s said tighter domestic monetary conditions fueled by a wide current account deficit and low foreign exchange reserves will impact economic activity.
Trump’s World Bank pick echoes calls for reform from other critics
WASHINGTON:Â President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution...
SBP governor stresses technology utilisation for agricultural productivity
Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officers
KARACHI: State Bank of Pakistan (SBP)...
World Bank leadership search likely to end with US candidate
The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again...
SBP to announce bi-monthly new monetary policy tomorrow
The bank had hiked policy rate by 150 basis points to 10pc in November last year Â
The State Bank of Pakistan (SBP) would...
Govt voices opposition against plan to increase interest rate
As per the Monetary and Fiscal Policies Coordination Board, there was still room for fiscal consolidation after budget deficit soared to 2.8% of gross domestic product (GDP) in the first half of FY18-19, far over the limit required to achieve the target of 5.1% of GDP
SBP launches M-Wallet scheme to promote home remittances
'Remittance can now be received directly in M-wallets and there is no requirement to visit a bank branch, fill forms or stand...
UBL’s New York branch surrenders license, concludes voluntary liquidation
In November, UBL had announced it would voluntarily liquidate and surrender its banking license in New York as per the applicable rules and regulations