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Banks, MFBs to remain open on September 10: SBP

Banks, MFBs to remain open on September 10: SBP

🕔13:22, 10.Sep 2016

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).

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Saudi grand mufti urges businessmen to help troops

Saudi grand mufti urges businessmen to help troops

🕔20:49, 4.Aug 2016

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.

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‘Rs280 bn debts of private companies written off in last three years’

‘Rs280 bn debts of private companies written off in last three years’

🕔21:32, 24.Jul 2016

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.

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Insufficient cash, closures reported at ATMs across the country

Insufficient cash, closures reported at ATMs across the country

🕔14:16, 2.Jul 2016

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.

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China banks write off $300 billion in bad loans: official

China banks write off $300 billion in bad loans: official

🕔16:52, 23.Jun 2016

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.

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Hackers probe defenses of Middle East banks : FireEye

Hackers probe defenses of Middle East banks : FireEye Updated

🕔23:51, 23.May 2016

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. 

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SBP issues prepaid card regulations

SBP issues prepaid card regulations

🕔10:55, 11.May 2016

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.

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SBP denies PTI’s Tareen got bank loans waived off

SBP denies PTI’s Tareen got bank loans waived off

🕔16:15, 26.Apr 2016

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.

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SBP decides to phase out remaining old design banknotes

SBP decides to phase out remaining old design banknotes

🕔16:07, 6.Apr 2016

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.

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SBP guides banks on Iran trade in post-sanctions milieu

SBP guides banks on Iran trade in post-sanctions milieu

🕔19:48, 14.Mar 2016

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.

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