14 C
Islamabad
Tuesday, November 20, 2018
Home More Banking

Banking

Return News is Pakistan's 1st banking, industries, agriculture, business, industry, market and economy news aggregator. It brings Pakistan focused news from various national and international newspapers and news channels. For latest updates about economy and business landscape of Pakistan, please follow us.

ISLAMABAD:  The Pakistan Bureau of Statistics (PBS) has slightly revised the October inflation reading downwards to 6.8% after the Ministry of Finance and independent experts objected to the methodology of calculating price changes. The national data collecting agency has “rationalised” the headline inflation to 6.8% against the earlier reading of 7%,...
KARACHI:  Foreign investors have continued to stay away from Pakistan as they are reluctant to make long-term investments in the face of ambiguity about new economic policy of the Pakistan Tehreek-e-Insaf (PTI) government. Foreign Direct Investment (FDI) dropped 55% to $161.2 million in October 2018, compared with $354.6 million in the...
KARACHI:  The cental bank has cautioned people to remain wary of fraudulent elements, who are impersonating as bank officials and making fake phone calls to ATM cardholders and bank accountholders to seek secret information and misuse it. “The SBP advises people not to share personal information like CNIC number, bank account...
ISLAMABAD: Officials of the Federal Investigation Agency (FIA) and State Bank of Pakistan (SBP) on Thursday discussed threats to the banking system in the country. A team of SBP officers led by Deputy Governor Jamil Ahmed during a visit to the FIA headquarters also discussed with its officials the recently...
ISLAMABAD:  The antitrust watchdog has allowed Alipay – an affiliate of online shopping giant Alibaba – acquisition of 45% stake in Telenor Microfinance Bank Limited, facilitating the company in starting its operations in Pakistan by the end of current year. The Competition Commission of Pakistan (CCP) has approved Alipay (Hong Kong)...
ABBOTTABAD:  Significant changes are being made in prudential regulations to make it easier to acquire loans, especially by small and medium enterprises (SMEs), as the State Bank of Pakistan (SBP) has set a target to increase SME financing from 6% to 17% over the next five years, said a central...
KARACHI:  Starting with a single financial institution BankIslami Pakistan, cyber attacks on banks in the country are now being reported on a larger scale. It has put big question marks on the findings of the Federal Investigation Agency (FIA) and the banking regulator on cybercrime as the two have taken completely...
The State Bank of Pakistan (SBP) has spent a whopping Rs 9.4 billion on printing of currency notes of different values in 2017-18 alone. SBP, Federal Board of Revenue (FBR) and the government need to do much more to move Pakistan over to a more cashless society. These views were...
KARACHI: Following the cyber attack on BankIslami, the SBP has formed a Shariah-compliant deposit protection mechanism for Islamic banking institutions. The State Bank of Pakistan on Monday informed the executives of Islamic banking institutions (IBIs) that this deposit protection mechanism will perform as a subsidiary of SBP. Its objective is to...
KARACHI: Microfinance Banks (MFBs) experienced impressive all-round growth during last fiscal year FY18 (2017-18). The aggregate asset base increased to Rs276.1 billion that marked 36 percent rise as on June 30, 2018 as compared to Rs203 billion as on 30th June 2017. A considerable increase was witnessed in terms of...

Opinion

Economy

Daronomics and its aftershocks

The former Finance Minister Ishaq Dar has finally come out to share his side of the story on what went wrong with the economy....