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 →

ISLAMABAD ( MEDIA REPORT ) The State Bank of Pakistan (SBP), along with the Federal Board of Revenue (FBR) and 1-Link signed an agreement  to develop a mechanism enabling the public to pay FBR taxes and customs duty using internet banking or ATMs. The signing ceremony was chaired by FinanceRead 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 →