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Tag Archives: Bank

PTCL injects PKR 1 Billion in U-Microfinance Bank

PTCL injects PKR 1 Billion in U-Microfinance Bank

U Bank serves more than 625,000 customers, where 30% of the served customers are women Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in ... Read More »

How to avoid getting hacked at the ATM

Don’t become a victim of ATM skimming, here’s what you need to know Around 600 customers have lost at least Rs 10 million in Pakistan, becoming the victim of Automated Teller Machine (ATM) skimming fraud. The affected bank, Habib Bank Pvt Ltd, confirmed that skimming devices were installed on 10 ATMs in Islamabad and Karachi. Soon after, the bank block all ... Read More »

Pakistan facilitates tax payment via ATMs and Internet Banking

Digital Banks to be soon launched by State Bank of Pakistan

People will pay federal taxes and customs duties through internet banking State Bank of Pakistan, Federal Board of Revenue and 1-Link have signed an agreement to pay their t taxes and customs duty using internet banking or ATMs by the end of 2017. The facility will be available any time round the clock. As the banks will add Inland Revenue ... Read More »

HBL to close New York operations as regulator seeks $630m penalty

HBL to close New York operations as regulator seeks $630m penalty

HBL got fined for “serious deficiencies” in its anti-money laundering programme spanning Pakistan’s largest private bank Habib Bank Limited announced to wind up its operations in New York after getting $630m penalty notice form United States regulatory department. According to the press release of State Bank Pakistan, HBL New York branch has received a notice of New York State Department of ... Read More »

State Bank of Pakistan offers Easy Loans Scheme for Women Entrepreneurs

Women are central to this growth paradigm, Governor State Bank said State Bank of Pakistan (SBP) has launched “Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Underserved Areas”. The loan scheme will be offered with 0% refinance rate and 60% risk coverage for small businesses. Governor State Bank of Pakistan (NBP) Mr. Tariq Bajwa, addressed the launching ceremony in Quetta, Balochistan. ... Read More »

JS Bank and Dellsons discuss Prospects & Challenges of Emerging Digital Ecosystem

JS Bank and Dellsons discuss Prospects & Challenges of Emerging Digital Ecosystem

Pakistan should focus on collective efforts to promote the digital ecosystem by adopting the collaboration mindset, seminar speakers suggested The seminar on Emerging Digital Ecosystem – Prospects and Challenges was organized by Dellsons in association with JS Bank. The conference was aimed at bringing all the senior management of JS Bank and Group companies on one platform to make collective ... Read More »

Bank of China gets license from State Bank to operate in Pakistan

Bank of China

Bank of China makes its way into Pakistan with $50 million investment Bank of China (BoC) will set up its first branch in Pakistan as it has received its banking license from Pakistan’s central bank, the State Bank of Pakistan (SBP). The government-run Bank of China (BoC) will initially bring in $50 million to meet minimum capital requirements. The new ... Read More »

JS Bank signs MoU with Pakistan Institute of Management

JS Bank

To improve JS Bank’s human resource in line with the best global practices, the Bank’s learning & organizational development division has initiated a number of projects with training and educational institutions. A first of its kind strategic linkage was signed with Pakistan Institute of Management (PIM) led by Muhammad Aneek Rehman who is the Unit Head of Batch Recruitment & ... Read More »

Digital Banks to be soon launched by State Bank of Pakistan

Digital Banks to be soon launched by State Bank of Pakistan

Branchless banking will gain recognition in Pakistan with the opening of all-digital banks State Bank of Pakistan (SBP) is currently working on the mechanism to launch digital banking services in Pakistan. According to the Executive Director of SBP, Syed Irfan Ali, the new category of banking services will provide more people with access to banking services. “Move will help achieving the ... Read More »

Pakistan State Bank inaugurated Data Centre to control money laundering

Data Centre inaugurated to control money-laundering and terror financing

Governor State Bank Ashraf Wathra along with British High Commissioner and UNODC representative inaugurated the Data Centre. The State Bank of Pakistan inaugurated Pakistan’s first high-tech data centre by State Bank of Pakistan Governor, the British High Commissioner and the Representative of the United Nations Office on Drugs and Crime at the Financial Monitoring Unit Karachi. The newly established Data ... Read More »

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