Banking Sector Archives - Page 47 of 79

Expected increase petrol price by Rs.5.00 But power tariff increase Rs5.94 per unit NEPRA took the decision after conducting hearing on plea of Central Power Purchasing Agency (CCPA).

On: February 28, 2022

Tagged: crude oil rates, decided to increase, international market, NEPRA, petroleum products

ISLAMABAD ( Web News ) The prices of petroleum products are expected to witness an increase as crude oil rates have gone up in the international market. According to details, government is expected to increase petrol price by Rs5, kerosene byRs4 and light diesel by Rs3. However, Prime Minister ImranRead More →

Meezan Bank disburses Rs. 1 billion under Prime Minister’s PMKJ-YES Meezan Bank will extend Shariah-compliant financing facilities of up to PKR 25 million to eligible customers at subsidized rates.

On: February 25, 2022

In: Banking Sector

Tagged: disburse Rs. 1 billion, Meezan Bank, PMKJ-YES, small and medium enterprises

Meezan Bank disburses Rs. 1 billion under Prime Minister’s Kamyab Jawan – Youth Entrepreneurship Scheme (PMKJ-YES) to facilitate the Youth of Pakistan in setting up new or growing established businesses KARACHI ( Web News ) Meezan Bank, Pakistan’s leading Islamic bank, also became the first and only Islamic bank to disburse Rs.Read More →

MMBL’s Financial Inclusion, Women Empowerment initiatives lauded at the Dubai Expo 2020 MMBL has been enabling entrepreneurs and business owners to generate sustainable income and substantiate their earnings.

On: February 25, 2022

In: Banking Sector

Tagged: digital banking, Dubai Expo 2020, Mobilink Microfinance, Women of Pakistan, women’s access

MMBL’s Financial Inclusion, Women Empowerment initiatives lauded at the Dubai Expo 2020 ISLAMABAD ( Web News ) Pakistan’s largest digital bank, Mobilink Microfinance Bank (MMBL) showcased its digital banking initiatives and women’s access to financial services at the ongoing Dubai Expo 2020. President & CEO MMBL, Ghazanfar Azzam shared MMBL’sRead More →

The Bank of Punjab to invest PKR 2 billion in TPL REIT Fund BOP has been a prominent player in the real estate sector of the country over the past year

On: February 24, 2022

In: Banking Sector

Tagged: bank of punjab, commitment of PKR 2bn, real estate transactions, Shariah compliant, TPL REIT Fund.

The Bank of Punjab to invest PKR 2 billion in TPL REIT Fund LAHORE ( Web News ) A signing ceremony was held at BOP’s Karachi office to announce BOP’s investment commitment in TPL REIT Fund. Present on the occasion were Mr. Zafar Masud (President & CEO, BOP), Mr. FaridRead More →

Last year only 59 % of the credit needs of the farmers were met through banks With the availability of EWRF, they will now be able to meet their financing needs from banks. Dr Baqir

On: February 23, 2022

In: Banking Sector

Tagged: District Kasur, Dr. Reza Baqir, Governor SBP, Habibabad, launching of EWRF

KASUR ( Web News ) The system designed behind the Electronic Warehouse Receipt Financing (EWRF) is a win-win situation for all three stakeholders including farmers, banks and the collateral companies as it offers a smooth and reliable process in terms of storage of the produce, receipts creation and provision ofRead More →

National Savings has recently digitized its branches through CBA 03 Million National Savings customers can withdraw their monthly profit through A.T.M cards

On: February 18, 2022

In: Banking Sector

Tagged: digitized its branches, Finance Division, National Savings, National Savings Schemes

LAHORE ( Web News ) National Savings, a premier financial institution, with a vision to “promote and inculcate value of thrift for mobilization of savings” and mission to “be the preferred institution for small savers to facilitate objective of financial inclusion”, is an attached Department of Finance Division, Government ofRead More →

NBP agreement with Board of Revenue and PITB for collection of Stamp Duty/Taxes The E-stamping is one of the landmark schemes launched with the view to facilitate general public/tax payers.

On: February 17, 2022

In: Banking Sector

Tagged: Board of Revenue, National Bank of Pakistan, PiTB, Stamp Duty/Taxes

NBP signs agreement with Board of Revenue and Punjab Information Technology Board for collection of Stamp Duty/Taxes KARACHI ( Web News ) National Bank of Pakistan (NBP), the country’s largest public sector commercial bank, has signed a tripartite with the Board of Revenue (BoR) of Govt. of Sindh and PunjabRead More →

SBP presents commemorative coin to German Ambassador, marking 70 years of diplomatic relations The coin has a diameter of 30.00 mm and weigh of 13 grams with milled serrations on the edge.

On: February 17, 2022

In: Banking Sector

Tagged: 70th anniversary, commemorative coin, Diplomatic relations., German Ambassador, Pak-Germany, State Bank Pakistan

SBP presents commemorative coin to German Ambassador, marking 70 years of diplomatic relations ISLAMABAD ( Web News ) The State Bank of Pakistan (SBP) here on Wednesday presented the commemorative coin of Rs 70 to the German Ambassador for Pakistan to mark 70th anniversary of Pakistan-Germany Diplomatic relations. The coinRead More →

The Bank of Punjab launches Lahore Qalandars Co-branded/Affinity Debit Card BOP and LQDC is first of such planned products developed under the umbrella of the partnership.

On: February 14, 2022

In: Banking Sector

Tagged: 3 years agreement, 662 branches, bank of punjab, CEO Zafar Masud, Cricket economy, Lahore Qalandars

The Bank of Punjab launches Lahore Qalandars Co-branded/Affinity Debit Card LAHORE ( Web News ) The Bank of Punjab (BOP), one of the leading financial institutions with a network of 662 branches across Pakistan, signed a partnership agreement with PSL franchise Lahore Qalandars in January 2022 where BOP is theirRead More →

UBL Buying 55% Shares Of Telenor Microfinance Bank, Gets Go-Ahead From SBP For Due Diligence The UBL management has shared this development with its shareholders and the PSX to fulfill a regulatory requirement.

On: February 14, 2022

In: Banking Sector

Tagged: granted in-principle approval, sale 55% shares, State Bank of Pakistan, Telenor Microfinance Bank, United Bank Limited

UBL Buying 55% Shares Of Telenor Microfinance Bank, Gets Go-Ahead From SBP For Due Diligence The UBL management has shared this development with its shareholders and the Pakistan Stock Exchange (PSX) to fulfill a regulatory requirement. ISLAMABAD ( JAVED MAHMOOD ) United Bank Limited is in the process to acquireRead More →

Governor SBP Dr. Reza Baqir receiving Rs 2.5 million monthly salary Dr. Baqir's appointment as the State Bank Governor, he worked at the IMF for 18 years.

On: February 12, 2022

In: Banking Sector

Tagged: Dr. Reza Baqir, Irfanul Haque Siddiqui, Rs 2.5 mi monthly salary, State Bank of Pakistan

Governor SBP Dr. Reza Baqir receiving Rs 2.5 million monthly salary long with other perks ISLAMABAD ( Web News ) State Bank of Pakistan (SBP) Governor Dr. Reza Baqir receives a monthly salary of Rs2.5 million and worked at the International Monetary Fund (IMF) for 18 years prior to hisRead More →

Khushhali Microfinance Bank launches USSD Banking for remote-monitoring of accounts The customers do not need to own a smartphone for using this new service based on a secured USSD channel

On: February 11, 2022

In: Banking Sector

Tagged: Jazz/Warid, Khushhali Microfinance Bank, launches USSD, remote-monitoring, UFONE, ZONG

Khushhali Microfinance Bank launches USSD Banking for remote-monitoring of accounts It enables phone-users to remotely monitor their Khushhali bank accounts ISLAMABAD ( Web News ) Khushhali Microfinance Bank Limited (KMBL) – a leading financial institution in Pakistan, has pioneered another technological advancement to add convenience for its customers, with aRead More →

Banking Sector (Page 47)