SBP to Get Bank Data Access Under New Centralized Digital System
Meanwhile, the State Bank of Pakistan (SBP) will be allowed to establish and operate a centralized digital system containing banking information and financial transactions…
Tag: Banking & Fintech
Banks Removed from Pensioner Biometric Verification Process
Meanwhile, the federal administration has removed commercial banks from the administrative process of biometric verification and proof of life certification for pensioners, shifting the…
easypaisa & KTrade Partner to Simplify Digital Stock Market Investments through instant…
Easypaisa digital bank and KTrade have joined hands in a first-of-its-kind partnership to create stock market investments more accessible and convenient for millions of…
Bank Alfalah Expands AlfaMall Fashion Offerings with Premium Designer Partnerships and Flexible…
Bank Alfalah has expanded the fashion category on AlfaMall through new partnerships with sought-after designers, giving customers access to premium fashion through Purchase Now,…
Supreme Court Rules Banks Cannot Claim Unclaimed Markup
Meanwhile, the Supreme Court has ruled that a banking court cannot award markup that was not specifically asserted in the original plaint, setting aside…
BankIslami Launches Pakistan’s First Shariah-Compliant Gold-Based Financing Facility
BankIslami, one of Pakistan's fastest-growing Islamic banks, has introduced the country's first Islamic Gold-Based Financing facility, enabling customers to access Shariah-compliant financing against their…
Imran Sarwar Appointed New President and CEO of National Bank of Pakistan
Notably, the Federal Administration has appointed Mr. Imran Sarwar as President and CEO of the National Bank of Pakistan (NBP) for a period of…
Govt to Build Centralized Merchant Database to Boost Cashless Economy
As part of its push to expand Pakistan's cashless economy, the administration aims to establish a centralized merchant database to enhance real-time visibility of…
SBP Tells Banks and Fintechs Quickly Expand Digital Credit
Notably, the State Bank of Pakistan is working to build a trusted and accountable digital financial ecosystem by strengthening regulation, expanding access and encouraging…
Local Banks Attract Rs. 13 Billion Deposits per Day in July
Pakistan's banking sector deposits rose 13.9 percent year on year to Rs.