Pakistan News

    Prepaid Visa Credit Card Pakistan

  • Prepaid card regulations issued afresh

    KARACHI: The State Bank on Monday issued prepaid card regulations with explanation that the prepaid card customers may withdraw cash and transfer funds from ATMs, pay exam fee, shop online and travel abroad without requiring or compromising the debit or credit card, thus limiting the risk associated with the payment cards usage...

    The bank said in order to promote electronic payments in Pakistan by introducing alternate digital means...

  • SC suspends tax deductions on prepaid cellphone top-up cards

    The Supreme Court (SC) on Monday suspended the deduction of taxes imposed on the top-up of prepaid cards by cellphone service providers and the Federal Board of Revenue (FBR), giving both institutions two days to act on the orders...

    A three-judge bench comprising Chief Justice of Pakistan Mian Saqib Nisar, Justice Ijazul Ahsan and Justice Umar Ata Bandial, was hearing the case at the SC Lahore registry...

  • 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...

  • Credit card payments evolve beyond the mobile wallet

    Mobile wallets can make paying by credit or debit card seamless: tap your phone at checkout and you’re on your way...

    Visa tested these devices at the 2016 Rio Olympics to demonstrate possibilities, says Mark Jamison, global head of innovation and design at Visa...

  • 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...

  • 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...

  • Pakistan’s wild-card entrants announced for Rio Games

    ISLAMABAD: Two London-based swimmers Lianna Swan and Harris Bandey apart from five other athletes will represent Pakistan in the Rio Games...

    The two swimmers, as per the Pakistan Swimming Federation (PSF), have been selected purely on merit with their performance in the 16th World Championship held in Kazan, Russia, which was also an Olympic qualification round, being in the spotlight for their selection...

  • PM Nawaz claims credit for development across Pakistan

    The premier said that he will present his report card before the public on completion of his term and added, without naming PTI, that his opponents will also have to present their report card after completion of five years — that "what have they done in their province [KP] so far"...

    If you want to witness prosperity then visit the rest of Pakistan," he maintained...

  • ADB approves $20mn loan to increase credit access in Pakistan

    The Asian Development Bank (ADB) has approved a $20 million loan to help Pakistan’s Khushhali Microfinance Bank (KMBL) to expand access to credit for agriculture-related borrowers and small businesses, KMBL announced this on Monday...

    "Agriculture and small business are critical sectors in Pakistan’s economy that play a significant role in job creation and poverty reduction," said Christine Engstrom, Director of ADB’s Private Sector...

  • Pakistan, WB sign $500m credit agreement for growth of economy

    WASHINGTON: Pakistan and the World Bank signed the $500 million Second Fiscally Sustainable and Inclusive Growth DPC (Development Policy Credit) to support Pakistan's efforts to reinvigorate growth and stabilise the economy...

    Pakistan's Ambassador to the United States Jalil Abbas Jilani and World Bank Vice President for the South Asian Region Annette Dixon signed the accord in Washington, reported Radio Pakistan...

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