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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 →

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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 →

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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 →

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MCB, Bank Al-Habib, BAFL Report Rs107 Billion Profits In 2021: TTI Exclusive News In term of profit, Habib Bank Limited, MCB Bank, United Bank Limited, Allied Bank are the top banks which report higher annual profits in comparison with medium and small banks operating in Pakistan. ISLAMABAD ( JAVED MAHMOODRead More →

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The State Bank of Pakistan Act aims at Improving Efficiency through Independence: Speakers   ISLAMABAD ( Web News ) Former Finance Minister Dr. Hafeez Pasha says, the need of an autonomous State Bank was always there, as the successive governments have been intervening, in matters related to monetary policies. HeRead More →

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MMBL’s celebration of a milestone year under Women Inspirational Network (WIN) commended by SBP ISLAMABAD ( Web News ) Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services.Read More →

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OICCI Women Empowerment Awards 2021 Recognize Mobilink Microfinance Bank Ltd. for Leading Initiatives in Diversity and Inclusion ISLAMABAD ( Web News ) Overseas Investors Chamber of Commerce and Industry (OICCI) has honored Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank, with their prestigious Gender Balance Workforce Award at theRead More →

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Former National Bank vice-president gets 4-year jail for corruption LAHORE ( Web News ) An accountability court in Lahore on Friday awarded four-year jail to a former senior officer of the National Bank of Pakistan (NBP) for committing corruption of millions of rupees, reported 24NewsHD TV channel. The court also awarded Usman Saeed, a former NBP vice-president,Read More →

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NBP continues to support FIA’s inquiry related to Hascol KARACHI ( Web News ) “As has been reported in the press, FIA is conducting an inquiry on Hascol Petroleum’s banking arrangements with NBP as well as several private and other public sector banks. NBP has been and continues to cooperateRead More →

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The Bank of Punjab to raise Rs 13bn debt for Lucky Electric LAHORE ( Web News ) After successfully raising Rs 7.9bn debt financing for Lucky Electric Power Company Limited (LEPCL) in two tranches, the Bank of Punjab (BOP) has been awarded a third debt arrangement mandate by the companyRead More →

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KARACHI ( Web News) The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Monday and decided to maintain its policy rate at 9.75 percent. Addressing a press conference in Karachi on Monday, Governor SBP Reza Baqir said that the interest rate will remain unchanged at 9.75 inRead More →

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UBL joins forces with Visa to drive fintech enablement in Pakistan by becoming the first Visa Ready BIN Sponsor in the region United Bank Limited (UBL) will be the first bank in Pakistan to sign the Visa Ready BIN Sponsorship program agreement •    The program is designed to enable UBLRead More →