Pakistan News

    Umbilical Cord Blood Banking In Hyderabad Dhola

  • Ishaq Dar suffering from spinal cord pains, cardiac issues: medical report

    Senator-elect Ishaq Dar has been suffering from left arm and chest pains resulting from a spinal issue in his neck and may require surgery if his condition does not improve within a month, the Supreme Court was informed on Monday...

    The top court has summoned the former finance minister, who has been in London since October 2017 and been declared absconder by an accountability court in a corruption reference, on May 8 in a petition...
  • Banking sector continuing to heal: ECB

    FRANKFURT: Europe’s battered financial sector is showing further signs of healing and the European Central Bank’s raft of different policy measures are contributing to this, a key ECB survey showed on Tuesday...

    The ECB said its quarterly bank lending survey showed that banks are easing credit standards for loans to enterprises, an encouraging sign, since the chronic weakness of credit activity in the euro area has previously been blamed...
  • 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...

  • Time to rethink WHT on banking transactions

    6 per cent on banking transactions exceeding Rs50,000 a day, but later on reduced the rate to 0...

    However, “while WHT on banking transactions seems to have had a negligible impact on revenue collections and incentivising tax filing, it instead led to an increase in currency in circulation [CiC] and a decline in private business deposits,” reveals a SBP research presented in its annual report for FY17...

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