Pakistan News

    Bank Of Credit And Commerce International Pakistan

  • Around 10 banks block international payments on debit and credit cards

    KARACHI: As concerns about a breach of credit and debit card data spread in the banking circles, around 10 banks have blocked all international transactions on their cards...

    Sources said the State Bank of Pakistan (SBP) has been informed by several commercial banks that they have blocked international payments on debit and credit cards as a precautionary measure after cyber attacks on their clients’ accounts...

  • State Bank launches credit scheme for women

    QUETTA: State Bank of Pakistan (SBP) Governor Tariq Bajwa launched on Friday a refinance and credit guarantee scheme for women entrepreneurs in underserved areas...

    Speaking at the launch ceremony, he reiterated his commitment to sustainable and inclusive economic growth across Pakistan...

  • Bank credit eludes KP businesses

    BUSINESSMEN in terrorism-hit Khyber Pakhtunkhwa are complaining about the financial sector’s evasive attitude in providing credit and banking facilities to them despite collecting huge deposits...

    There is a growing disconnect between banks’ lending and their deposit mobilisation in the province...

  • World Bank to release $500 million credit today

    ISLAMABAD: Pakistan’s foreign exchange reserves are expected to touch $18 billion mark on Tuesday after disbursement of $500 million by the World Bank for development and growth...

    Vice President of the World Bank’s South Asia Region Ms Annette Dixon called Finance Minister Ishaq Dar on Monday to congratulate him on successful completion of talks on Development Policy Credit-II and convey that “$500m would be released within 24...

  • Uneven bank credit distribution

    THE varying levels of economic development across the country, skewed income distribution, and lack of enough banks’ focus on inclusive finance has led to an uneven geographical pattern of credit distribution...

    The new socio-economic realities are making dents in old demand and supply patterns of bank finance...

  • SMEs’ appetite for bank credit growing

    CREDIT-WORTHY small and medium enterprises are now getting fresh loans a bit more easily as banks are encouraged to lend more mainly by falling loan infection ratio and promising business generated by this vital sector...

    The lenders see bright prospects of growth in SME financing on the back of a 4pc-plus economic growth in the last two fiscal years and possibility of a slightly higher growth during this year...

  • Dar wants World Bank to increase development credit limit to $500m

    ISLAMABAD: Pakistan on Thursday sought enhanced development policy credit from the World Bank to support its reform process as the multilateral lender indicated replicating Islamabad’s income support programme in Egypt...

    Informed sources told Dawn that Finance Minister Ishaq Dar told a visiting vice-president of the World Bank that the government was expecting at least $500 million of Development Policy Credit (DPC) support because...

  • Growing credit card conundrum fuels British bank concerns

    LONDON: Britain’s banks are booking future credit card income long before it materialises, prompting concerns about the accounting practice among regulators, investors and analysts...

    Riskier products such as credit cards have become more popular among banks in search of higher returns in recent years...

  • Chinese diplomat visits Rawalpindi Chamber of Commerce and Industry

    RAWALPINDI: China has invested heavily in the power and infrastructure sectors of Pakistan under CPEC and this has resulted in improved electricity and better road networks in the country, said Chinese Deputy Chief of Mission Zhao Lijian on Monday...

    He was briefing the local business community on the China-Pakistan Economic Corridor at the Rawalpindi Chamber of Commerce and Industry (RCCI)...

  • IMF representative visits Lahore Chamber of Commerce and Industry

    LAHORE: International Monetary Fund (IMF) Resident Representative Teresa Daban Sanchez on Thursday visited the Lahore Chamber of Commerce and Industry (LCCI) to discuss various issues related to economy, revenue collection, inflation, mark-up, trade deficit, agriculture and other sectors...

    “Actually Pakistan is in a challenging economic state-of-affairs and it would have to carry out essential reforms in order to bring a drastic...

  • PM Sharif, Alibaba president discuss e-commerce giant's prospects in Pakistan

    Prime Minister Nawaz Sharif on Wednesday met Michael Evans, president of China’s Alibaba Group, to discuss opportunities for the introduction of the global e-commerce giant to Pakistan, Chinese media reported...

    Evans said he was confident Alibaba would fuel a "significant stimulus for growth of small and medium enterprises in Pakistan", adding that advancements in the field of information technology and telecommunication in the...

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