Pakistan News

    Tameer Bank Branches In Hyderabad Charminar

  • Telenor acquires Tameer Bank

    KARACHI: Telenor Group has acquired the remaining 49 per cent shares of Tameer Microfinance Bank, thus making it a wholly-owned entity of the group...

    “With the collaboration between Tameer Bank and Telenor, Easypaisa has become a global example of innovation in bringing financial inclusion through mobile,” Telenor Group Head of Financial Services Tine Wollebekk said...

  • Tameer rebrands itself as Telenor Microfinance Bank

    KARACHI: Tameer Microfinance Bank has been rebranded as Telenor Microfinance Bank almost a year after its 100 per cent acquisition by the Telenor Group, a press release said...

    The bank, established in 2005, is best known for its joint venture with Telenor Pakistan for the launch of Pakistan’s first and now the largest branchless banking service Easypaisa, in 2009...

  • 79 bank branches to be set up in Balochistan

    QUETTA: Commercial banks would set up 79 branches across Balochistan, while a soft scheme would be launched for skilled women in the province, Governor State Bank of Pakistan Ashraf Mehmood Wathra said on Tuesday...

    Addressing a press conference at the end of his two-day visit to Quetta, he said that after receiving a feasibility report on the proposed Balochistan Bank, the SBP would take steps to materialise the proposal...

  • Faysal Bank to open over 100 branches

    DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said...

    Ithmaar Bank owns 66 per cent of Faysal Bank, whose contribution to the Islamic retail bank’s overall balance sheet would likely grow to more than half as a result of the expansion, Ithmaar Deputy Chief...

  • Banks asked to dedicate one-fifth of branches to agri-lending

    QUETTA: The Agricultural Credit Advisory Committee (ACAC) has proposed that banks should dedicate at least 20 per cent of total branches to agri-lending, according to a press release on Saturday...

    A meeting of the ACAC, which is a national-level consultative committee for setting annual targets for agricultural loans and their monitoring, took place in Quetta on Friday under the chairmanship of State Bank of Pakistan (SBP) Governor...

  • FBR, NBP branches to remain open today

    ISLAMABAD: All field offices of Federal Board of Revenue (FBR) and National Bank of Pakistan (NBP) would remain open today (May 30) for collecting duties and taxes...

    FBR in coordination with the State Bank of Pakistan (SBP) and NBP has made special arrangements for collection of duties and taxes on Saturday, as May 31 (Sunday) being a public holiday, according to a FBR statement on Friday...

  • Altaf calls PTI, JI ‘branches of Taliban, Al Qaeda’

    KARACHI: Muttahida Qaumi Movement chief Altaf Hussain has called the Pakistan Tehreek-i-Insaf and Jamaat-i-Islami ‘bran­ches of the Taliban and Al Qaeda’ and predicted a massive defeat for his party’s rivals in the NA-246 by-election on April 23...

    Addressing a huge rally on Liaquatabad flyover on Saturday, the MQM chief said the people of Karachi had already rejected the pro-Taliban forces and they would vote for his ‘progressive,...
  • NBP branches to remain open till late evening today

    KARACHI: The National Bank of Pakistan (NBP) has announced that on Monday all its branches in the country will remain open till late in the evening, and will even arrange iftari for customers banking around that time...

    The bank also issued a statement that disputed a news report captioned “People suffer as NBP online computer system breaks down”, which was published in Dawn on Sunday...

  • NBP taking Covid-19 measures at all branches

    KARACHI: The National Bank of Pakistan (NBP) has said that it is taking Covid-19 precautionary measures and social distancing initiatives at all branches...

    In a press release issued on Friday, the bank said that in order to serve its customers during these challenging times, all branches have taken all necessary measures possible...

  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    United Bank received the same award last year...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

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