banks

Bank account holders using digital app can register and verify biometrics, says official statement

Will issue PIBs, T-bills to repay previous debt, finance projects

Bank borrowing from SBP, inter-bank channels shoots 43.6% to Rs4.26tr in FY21

PC Board allows raising debt to replace PDFL funding before LNG plants’ sell-off

Charges them for violating regulations including AML, CFT and foreign exchange rules

Suspects obtain Rs750 million loan from bank from stolen gold and fake customers

Baqir said financial institutions have disbursed Rs5.8b so far

Four banks pass ECB stress test

Banks to stay open during holidays

Applicants applying for housing loans are being charged exorbitant processing fee

It opens new avenue for banks to improve earnings, cut costs

SCCI chief says traders face hurdles in obtaining loans due to cumbersome procedure

Rise comes as credit demand picks up with economic recovery

SBP intends to improve housing, construction financing to 1% of GDP from current 0.2%

Fear growth in remote banking may stall if stakeholders’ concerns remain unaddressed

Non-resident and resident Pakistanis can invest in foreign currencies and rupee-denominations

Top Indian leaders were quiet when the FinCEN files became public

State Bank of Pakistan working on schemes for agriculture, female entrepreneurs, digitalisation

Official says digitalisation can be obstacle rather than boon if not fully secured

Move comes as short-term crisis ends, long-term costs emerge

Credit flow slightly lower than target of Rs1.3tr set by agri-committee

SME Bank will lose the initial objective to provide loans to small businesses

Global agency confirms B3 long-term local currency rating for 5 banks

Corporate Corner Soneri Bank, HBL Asset join hands

Bankers union demanded that certain employees should be allowed to work from home

Suspects Pakistan may default on repayment to global private-sector creditors

Plans to overcome shortfall in expenditures through borrowing

Seek guarantees if SMEs are unable to provide collateral

State Bank of Pakistan believes it will strengthen financial institutions’ capacity to absorb losses

Banks will deduct zakat from accounts on first Ramazan

Aims to offset impact of deferring hike in power tariffs for six months

Medical centres will get financing against existing equipment

Social distancing guidelines disregarded at many places

Lockdowns in European countries stop stock market listings in March

People were seen standing close to each other awaiting their turn at the cashier’s counter

People throng banks, which lack mechanism to deal with crowding

With growing concerns that the world will be catapulted into a damaging recession

MPC minutes show economic growth will remain low this year

Moody’s terms FATF review credit negative as it raises questions on additional curbs

Amount raised will be used to pay off some dues of energy firms

Plan in progress to find way to offer Shariah-compliant credit cards in the country

Govt, regulators should provide banks with right tools to promote financial literacy

Action was taken against the Omni Group sugar mills, banks filed over 12 complaints

IMF had conditioned the govt to stop borrowing from the central bank under its latest $6 billion loan programme

SBP governor says farm credit crossed Rs1tr for first time in history in FY19

Move aims to encourage use of modern technology in agriculture

A slump in the residential property market has left many builders struggling to repay loans to shadow lenders

SBP issues credit bureau licences to two private companies

Reading came in at 7.3% for FY19 due to expensive power and gas, 32% rupee fall

Experts discuss how federal and provincial govts will implement the decision