Business
HBL and Muller & Phipps sign MOU to promote financial inclusion
Karachi, December 5, 2018: Financial Inclusion is at the core of Habib Bank Limited’s (HBL) business focus and HBL continuously strives to develop inclusive products for SMEs. To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical…
UBL Upgrades Its Customers Interaction on Social Media
Karachi, December 5, 2018: United Bank Limited (UBL), one of the leading banks in Pakistan with a customer base of over 4 million, went live with Oracle Cloud Applications to deliver a virtually seamless experience across listening, engagement, community management and analysis of bank’s social media efforts, with the project going live within 3 weeks. With…
SBP increases policy rate by 150 bps
Karachi, November 30, 2018: The State Bank of Pakistan (SBP) on Friday announced to increase the key policy rate by 150 basis points (bps) to 10 percent. The decision was taken in a meeting of Monetary Policy Committee chaired by Tariq Bajaw Governor SBP held at SBP head office Karachi. According to a statement issued…
HBL hosts donation drive for Indus Hospital
Karachi, Nov 29, 2018: HBL hosts a Donation Drive for the Indus Hospital Expansion Project in line with its commitment to serve the country. HBL prides itself on being a socially responsible entity and continues to play its role as a responsible corporate citizen through the support of charitable causes that promote education, health and community…
BankIslami restores electronic banking services
KARACHI, November 26, 2018: BankIslami on Monday announced that its payment system has been successfully restored and running absolutely secured. https://thebizupdate.com/hackers-steal-6-million-from-bankislami-pakistan-accounts/ The card data of BankIslami was hacked by international hackers and some PKR 2.1 million were withdrawn in different countries by using this data. The management of the bank said that all of the Bank’s…