ISLAMABAD: On the suggestion of the State Bank of Pakistan (SBP), all branches of commercial banks and Micro Finance Banks (MFBs) will remain open on Saturday (September 10).
RIYADH: Saudi Arabia’s most senior cleric has urged businessmen and banks to set up a fund to help soldiers stationed along the southern border with Yemen to pay their bills back home, Saudi media reported on Thursday.
ISLAMABAD: Finance Minister Ishaq Dar has told the senate that more than a thousand private companies had got their debts write off from banks in past 30 years, while Rs280 billion have been got write off in the last three years during tenure of Pakistan Muslim League-N (PML-N)’s government, ARY News reported.
KARACHI: The closure and lack of cash in Automated Teller Machines (ATM) in several parts of the country has really affected the lives of citizens ahead of the Eid-ul-Fitr festive occasion.
BEIJING: Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem.
Hackers are probing the defenses of banks in the Middle East, targeting employees with infected emails which gather information about the banks’ network and user accounts, FireEye researchers said.
KARACHI: State Bank of Pakistan (SBP) has issued Prepaid Card Regulations in order to promote electronic payments in Pakistan by introducing alternate digital means of payments and achieve greater financial inclusion by taking advantage of the technological developments in the card industry.
KARACHI: State Bank of Pakistan (SBP) has stated that Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen did not get his loans written off from the banks, ARY News reported.
KARACHI: The old design banknotes will cease to be legal tender with effect from 1st December 2016 as per Federal Government’s Gazette Notification dated 4th June, 2015.
KARACHI: In the backdrop of lifting of sanctions against Iran, the State Bank of Pakistan (SBP) today called a special meeting of officials from all banks to discuss the progress made by the banking side for facilitating trade transactions with Iran, read an SBP press statement.