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  • Number of mobile phone users to surpass 5bn this year

    BARCELONA: The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released on Monday by GSMA, the association of mobile operators...

    With populations in Asia, and notably India, on the rise, the number, which stood at 4...

  • Number of coronavirus patients in Hyderabad on the decline

    HYDERABAD: Burden of novel coronavirus patients on Hyderabad has now lessened considerably in last 24 hours with departure of people from districts other than Sindh’s...

    Most of them happened to be Tableeghi Jamaat members from upcountry and foreign lands including Indonesia, China, Malaysia and Philippines who have now left Hyderabad safely...

  • In Search of Israeli Cuisine is in search of an answer

    In the documentary In Search of Israeli Cuisine, restaurateur and chef Michael Solomonov travels from Tel Aviv to Jerusalem looking for what makes Israeli cooking unique...

    Solomonov journeys all across Israel, uncovering a country rich with its own ingredients, but whose dishes are influenced by any number of nearby countries — such places as Yemen, Spain and Turkey — where Israelis travelled during the economic boom of the 1980s... ...

  • Police-Rangers teams carry out search in four Hyderabad seminaries

    HYDERABAD: Joint teams of police and Rangers personnel on Tuesday paid surprise visits to four seminaries in different parts of Hyderabad and carried out search operations in line with the National Action Plan to curb terrorism, religious extremism and sectarianism...

    According to a press statement issued by the Hyderabad district police, the search operations were conducted in Madressah Miftahul Uloom at Anaj Mandi, Madressah Shamsul...

  • State Bank to waive charges for mobile banking customers

    ISLAMABAD: The State Bank of Pakistan (SBP) has advised cellular operators to waive account opening charges for customers opening new mobile banking accounts from next year...

    In a written response to a question from Senator Mian Mohammad Ateeq Sheikh, the finance ministry told the Senate in a written response that service charges for branchless banking transactions are set up by banks themselves, on the basis of quality of...

  • ‘Banking business models need review’

    KARACHI: State Bank of Pakistan (SBP) Deputy Governor Jameel Ahmad has emphasised the need for a review of the prevailing banking business models to meet the challenges of rapidly changing financial and technological landscape, a press release said on Wednesday...

  • 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...

  • Banking Mohtasib paves way for reconciliation

    The quality and affordability of banking services, coupled with the perceived risks in lending, define the pace of growth of an economy’s credit market...

    Prior to the global financial crisis of 2007 and 2008, Banking Mohtasib Pakistan (BMP) was set up in 2005 as part of far-reaching, market-oriented reforms to address complaints of bank customers...

  • Banking profits dip 2pc

    A number of research reports said banking profits were down due to the maturity of high-yielding Pakistan Investment Bonds (PIBs)...

    “Net interest income of the banking sector was up 5pc to Rs113bn due to 14pc growth in deposits while net interest expense increased 13pc to Rs93bn, which kept the profits of banks under pressure,” Topline Securities said in a report...

  • SBP launches helpline to facilitate banking consumers

    The State Bank of Pakistan (SBP) has launched a dedicated helpline to facilitate banking consumers, said a press release issued on Thursday...

    A SBP statement said that it was aimed at facilitating the banking consumers in resolving their complaint against banks, micro-finance banks and development finance institutions...

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