Pakistan News

    Hsbc Credit Card Reward Points Catalogue Pakistan

  • Catalogue planned of known figures buried at Miani Sahib

    LAHORE: The city administration has decided to prepare a catalogue of the several known personalities buried at the Miani Sahib Graveyard...

    Therefore, we have decide to keep acknowledging the services of the famous personalities buried here by preparing a history catalogue that will include placement of plaques or iron plates inscribed with the particulars and services of such people,” Deputy Commissioner Mudassar Riaz Malik said...

  • HSBC Bank Oman agrees to sell Pakistan business to Meezan Bank

    DUBAI: HSBC Bank Oman has agreed to sell its banking business in Pakistan to Meezan Bank , a sharia-compliant Pakistani lender, it said on Sunday...

    Also read: HSBC to axe 50,000 jobs in radical overhaulThe sale, at a small discount to the net asset value of the business, will not materially impact the full-year profits of HSBC Bank Oman, it said...

  • SME financing: credit where credit is (over)due

    Specifically in the context of obtaining access to finance from banks, SMEs in Pakistan face a number of issues on both demand and supply sides...

    Furthermore, though the Credit Information Bureau has been expanded in recent years to include all loans (irrespective of size), banks additionally require records of collaterals prior to the extension of financing facilities...

  • Credit card, what? 53pc Pakistanis don’t know

    ISLAMABAD: More than half of Pakistanis don’t not know what credit is, according to the findings of a survey released on Tuesday...

    A nationally representative sample of men and women from across the four provinces was asked: “Do you know what a credit card is?” In response, 53 per cent said they did not know what a credit card was, while 46pc answered in the affirmative...

  • FIA arrests man for ATM skimming, credit card fraud

    Saqibullah,a resident of Rawalpindi, was arrested for making fake credit cards and stealing credit card information, as well as blackmailing women using their private videos...

    He said that the FIA was investigating the role of the accused's family members, as he used their CNICs and fake credit cards in their name for his illicit operations...

  • 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...

  • Apple co-founder says Apple Card algorithm gave wife lower credit limit

    Apple Inc co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker's credit card, fuelling scrutiny of the newly launched Apple Card...

    The criticism started on Thursday, after entrepreneur David Heinemeier Hansson railed against the Apple Card in a series of Twitter posts, saying it gave him 20 times the credit limit his wife received...

  • Credit card settlements to use interbank dollar rate

    KARACHI: The State Bank of Pakistan (SBP) has allowed banks to acquire US dollars from the interbank market for the settlement of card-based cross-border transactions with the International Payment System, apparently to bring down the dollar rate in the open market...

    “It has been decided to allow authorised dealers to purchase US dollars from interbank for settlement of card-based cross-border transactions with IPS (International...

  • Introduction of health card, Kissan card turning point in country's history: PM Imran

    Prime Minister Imran Khan said on Wednesday that the introduction of health insurance cards and Punjab Kissan (farmer) Card scheme was a "turning point" in Pakistan's history that would be written about in the future...

    Addressing a farmers' convention in Bahawalpur to launch the Punjab Kissan Card scheme, the premier praised Punjab Chief Minister Usman Buzdar and said: "The health card and Kissan card are the biggest things you have...

  • HSBC to impose charges on bank deposits in some currencies

    HSBC has become one of the biggest global banks to say that it will begin charging clients on deposits in a range of European currencies...

    HSBC has written to other banks to warn that it will start charging them for deposits in euros, Swiss francs, Danish krone and Swedish krona — all currencies of countries that have negative interest rates — at its UK, German and Hong Kong operations from this summer...

  • HSBC looks at moving headquarters out of UK

    LONDON: Global banking giant HSBC on Friday said it had launched a review on whether to remain headquartered in Britain as the country tightens regulation of the sector...

    The board has “asked management to commence work to look at where the best place is for HSBC to be headquartered” amid “regulatory and structural reforms”, said HSBC chairman Douglas Flint in a statement...

  • HSBC to axe 50,000 jobs in radical overhaul

    LONDON: HSBC will cut its global workforce by up to 50,000 as it exits Brazil and Turkey and mulls relocating headquarters back to Asia from London, the banking giant said Tuesday...

    HSBC said it wants to focus more on Asia, particularly in the Pearl River Delta region in southern China, amid an ongoing review of its London headquarters that will completed this year...

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