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Tag: Financial Sector

SBP Governor announced that the country's
Business
  • Web Desk
  • Oct 03, 2024
SBP governor announces launch of country’s “first digital bank”

The imitative will involve the establishment of five digital banks, which have received in-principle approval from the central bank.

Misprinted banknote Rs1000
Business
  • Web Desk
  • Mar 12, 2024
NBP official discovers misprinted Rs1,000 banknotes with blank sides

A branch of the National Bank of Pakistan (NBP) has reported a concerning incident involving misprinted currency notes of Rs1,000.

Finance Minister Muhammad Aurangzeb
Business
  • Web Desk
  • Mar 11, 2024
Muhammad Aurangzeb resigns as President and CEO of HBL

HBL is set for a leadership transition as Muhammad Aurangzeb, the President and Chief Executive Officer (CEO), has submitted his resignation.

Pakistani bank deposits increase
Business
  • Web Desk
  • Mar 06, 2024
Banks in Pakistan record 1.26% increase in monthly deposits

The total deposits held by scheduled banks in Pakistan have witnessed a robust year-over-year increase of 21.66 per cent.

pakistan stock exchange
Business
  • Web Desk
  • Mar 04, 2024
PSX achieves highest closing since December 2023

In a significant upswing, the Pakistan stock market reached its highest level in nearly three months, closing at 65,951.73 points on Monday.

Pakistani bank deposits
Business
  • Web Desk
  • Feb 26, 2024
Banks see 21% increase in overall deposits, surpassing Rs27 trillion

The total deposits held by scheduled banks in Pakistan witnessed a surge of 21.03 per cent, reaching Rs27.54 trillion.

Cryptocurrency ban lifted in Nigeria
World
  • Web Desk
  • Dec 24, 2023
Nigeria’s Central Bank reverses Cryptocurrency ban

Nigeria’s Central Bank has officially lifted the ban on cryptocurrency transactions, citing global trends that emphasise the necessity for regulation in such activities.

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