Pakistan News

    Branchless Banking Products In Pakistan Aeroplane

  • Branchless banking deposits grow 95pc

    KARACHI: Deposits in branchless banking accounts at the end of June amounted to Rs15...

    According to branchless banking statistics released by the State Bank of Pakistan (SBP) on Thursday, the number of transactions in April-June rose 18...

  • SBP revamps branchless banking regulations

    KARACHI: The State Bank of Pakistan (SBP) said on Wednesday that it has revamped Branchless Banking Regulations to keep pace with the international branchless banking practices and to achieve the targets set out in National Financial Inclusion Strategy (NFIS)...

    This regulatory framework outlines the minimum requirements to be adopted by banks offering branchless banking in the market place...

  • SBP issues framework for branchless banking

    KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued framework for branchless banking agent acquisition and management for the banks and microfinance banks...

    Under the framework, a bank’s board of directors would be responsible for providing the strategic direction and an oversight of branchless banking agent acquisition and management while senior management will institute necessary internal controls and ensure adherence to...

  • CTD fears branchless banking may be misused by criminal, militant groups

    KARACHI: The Counter-Terrorism Department (CTD) of Sindh police has expressed concern regarding the use of branchless banking facility through which money can be transferred with the help of mobile phones, suggesting that criminal and militant groups might misuse the facility for terror financing, particularly in remote areas...

    The CTD has asked the federal government to issue directions to the State Bank of Pakistan (SBP) so that...

  • Australia claims foiling ‘terror plot’ to bring down aeroplane

    SYDNEY: Australia has foiled an Islamist-inspired terrorist plot to bring down an aircraft with an improvised explosive device, authorities said on Sunday, after four people were arrested in raids across Sydney...

    Prime Minister Malcolm Turnbull said the plot appeared to be “elaborate” rather than planned by a lone wolf, as security was strengthened at major domestic and international airports across the nation
  • Innovative banking products

    THE use of financial technology — fintech — is fast becoming visible across the spectrum of all banking products but notably for handling of home remittances...

    “As the central bank keeps pushing us to mobilise more remittances from overseas Pakistanis and as growth rate of remittances has started slowing down, fintech is keeping us on track in our task,” says a senior executive of National Bank of Pakistan...

  • Pakistan plans to boost export of halal products

    ISLAMABAD: Fruity sweets and packets of chicken soup that fall foul of halal laws are disappearing from shop counters as Pakistan looks to clean up its Islamic food credentials to boost exports to Gulf states...

    At the start of the year the government published a list of around 20 imported food products it said were not halal, or permitted under Islamic law...

  • UAE allows Pakistan to ship halal products via sea

    LAHORE: The United Arab Emirates (UAE) has allowed transportation of halal products from Pakistan via sea which would bring down freight cost by one third, Punjab Halal Development Agency (PHDA) Chairman Justice (retired) Khalil-ur-Reman Khan said on Tuesday...

    He said the Pakistan Halal Authority has also been operational and the first meeting of its Board of Directors is being held on April 13...

  • Pakistan is producing state of the art defence products, says President Mamnoon

    ISLAMABAD: President Mamnoon Hussain said on Tuesday that Pakistan is producing state of the art defence products, which have also been exported to friendly countries, according to a report on Radio Pakistan...

    The president was also of the opinion that better marketing policies need to be developed in order to enhance export of Pakistani defence products to international clients, said the report...

  • Moody’s lifts Pakistan banking system outlook

    ISLAMABAD: Moody’s Investors Service on Wednesday changed the outlook for the Pakistan banking system to stable from negative, reflecting the improvement in the country’s economic growth prospects...

    “We expect strengthening the economy, together with the central bank’s accommodative monetary policy, to stimulate lending growth and support the banking sector’s loan performance over the next 12-18 months,” says Elena Panayiotou, a...

  • Pakistan must strengthen banking links to boost bilateral trade, says Iranian envoy

    PESHAWAR: Before stre­n­­gthening bilateral trade, Pakistan should facilitate Iran in banking transactions to help our traders, Iranian Ambassador to Pakistan, Mehdi Honardoost said on Monday...

    Meeting with the business community of Khyber Pakh­tunkhwa and office bearers of the Federation of Pakistan Chambers of Com­merce and Industry (FPCCI), he said, “We are in the era of turning around our economy and Pakistan businesses should...

  • UBL adjudged best at first Pakistan Banking Awards

    KARACHI: Six leading banks of the country emerged as winners in the first-ever banking awards in which awards were given in eight categories on the basis of performance and best practices at a ceremony held at the Mohatta Palace on Friday...

    The banking sector in the country has covered a long distance and is currently well positioned to participate actively in its growth and development by expanding the banking net for universal...

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