SBP Releases Foreign Exchange Rates for December 18, 2024
The State Bank of Pakistan (SBP) has released the official foreign exchange rates for December 18, 2024, offering vital reference…
KIBOR Rates Update: Key Borrowing Costs for December 18, 2024
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for December 18, 2024, offering valuable…
Meezan Bank Addresses Third-Party Data Breach Allegations, Compensates Affected Customers
Meezan Bank has compensated at least ten customers following allegations of unauthorized debit card transactions resulting from a potential third-party…
JazzCash Partners with Lejion Media to Streamline Remittances from UAE to Pakistan
JazzCash has entered into a strategic partnership with Lejion Media, aiming to simplify and enhance the remittance process from the…
Islamic Finance and Capital Markets Key to Pakistan’s Economic Stability: Finance Minister
Federal Minister for Finance and Revenue Muhammad Aurangzeb emphasized the transformative potential of Islamic finance and capital markets in driving…
Pakistani Banks Lower Loan Rates to Meet ADR Targets Amid Regulatory Challenges
Pakistani banks are introducing loans below market rates to address regulatory pressures and meet the mandated Advance to Deposit Ratio…
Paysys Labs and NymCard Revolutionize Credit Card and Payment Solutions for Fintechs
Paysys Labs, a leader in payment technology, has announced an exciting strategic partnership with NymCard, a top provider of card…
MAS and ABS Introduce Electronic Deferred Payment Solutions and Extend Deadline for Corporate Cheque Cessation
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced on December 5, 2024, their…
SBP to Launch ‘InvestPak’ Platform for Direct Investment in Government Securities
The State Bank of Pakistan (SBP) is poised to revolutionize investment accessibility with the upcoming launch of InvestPak, a digital…
IFC and HSBC Partner to Close Trade Finance Gap in Emerging Markets
On December 12, 2024, the International Finance Corporation (IFC) and the Hongkong and Shanghai Banking Corporation Limited (HSBC) announced a…