ISLAMABAD (Web Desk) Following the directives of Prime Minister (PM) Imran Khan, Federal Investigation Agency (FIA) on Friday has formed an 11-member team to launch inquiry on the report submitted by the sugar commission. According to details, the team will investigate the matter of illegally exporting sugar to Afghanistan whileRead More →

ISLAMABAD (PRESS RELEASE) State Bank of Pakistan and Karandaaz signed an agreement today under which Karandaaz will support State Bank’s efforts to create an enabling environment based on international best practices for digital banks. Karandaaz will provide technical assistance to the State Bank of Pakistan for formulating legal and regulatoryRead More →

ISLAMABAD  ( MEDIA REPORT ) Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants were already accepting payments through banking channels as of end-June 2017, with cumulative annual domestic sales worth Rs 9.8 billion. In addition to that, transactions worth Rs 20.7 billionRead More →

KARACHI ( TARIQ REPORT ) The State Bank of Pakistan (SBP) has issued draft Framework on IT Governance and Risk Management for Financial Institutions for comments/feedback from interested parties. The framework is based on international standards and recognised principles of international practice for technology governance and risk management, and shallRead More →

KARACHI ( GUEST WRITER ASLAM SHAH ) Allied Bank of Pakistan (ABL) is involved in the embezzlement of over Rs 1.62 billion, deposited as a fixed deposit for different tenures in 2010, of the Karachi Metropolitan Corporation’s (KMC) pension and investment accounts. The Federal Investigation Agency (FIA) after a probeRead More →

KARACHI ( TARIQ REPORT ) Furthering its commitment to provide superior banking services, Pakistan’s leading bank, Bank Alfalah has joined forces with IMSciences, Peshawar to pace up their efforts for development and promotion of Islamic banking in the country. The move has come in compliance with State Bank of Pakistan’sRead More →

ISLAMABAD ( MEDIA REPORT ) The State Bank of Pakistan (SBP) is looking at the options to introduce mobile phone based cashless finance system, however significant investments would be required by the banking sector in their IT networks. Seminar titled, ‘Financial and Social Inclusion through Mobile Money and M-commerce,’ wasRead More →

ISLAMABAD ( MEDIA REPORT ) More than $1.7 billion from Pakistan’s software exports remain outside the country’s foreign exchange reserves every year, said Secretary Ministry of Information Technology (IT) Azmat Ali Ranjha. “The State Bank of Pakistan (SBP) is reporting $500 to $600 million annual software exports but the actualRead More →

ISLAMABAD ( BMZ REPORT ) The Minister of State for IT Mrs. Anusha Rahman said that “e-commerce” being a major component of economic development is considered as a vital element of national economic policies throughout the globe. Therefore, it is indispensible for Pakistan to have a complete functional e-commerce gatewayRead More →