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aiBANK launches Upfront-Interest time deposit with an advance return of up to 15%
This step reflects the bank’s vision to provide innovative and diverse banking products that meet the needs of various customer segments and enhance the bank’s position in the banking services market. Cairo, 6 September, 2023: aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, announced the launch of the upfront-interest…
Ignite participates in 23rd ITCN Asia with promising startups
Karachi – September 6, 2023: Continuing with its tradition of supporting Pakistan’s startup ecosystem, Ignite National Technology Fund, a public sector company with Ministry of IT & Telecom, participated in this year’s ITCN Asia with 16 promising startups from its network of National Incubation Centers. ITCN Asia is renowned for bringing together tech enthusiasts, industry…
SBP introduces structural reforms for Exchange Companies
Exchange Companies’ (B-Category) license to cancel KARACHI, September 6, 2023: The State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned Exchange Companies to cater to the legitimate foreign exchange needs of general…
Pakistan Stocks down 5 pc WoW basis
Karachi, September 2, 2023” KSE 100 Index declined by -5.2 percent on WoW basis, this decline can largely be attributed to growing concern over upcoming monetary policy where investors fear SBP will opt for significant increase in policy rate to stop continuous depreciation of Rupee and to tame inflation in the back drop recent increase…
Raast Services to suspend for system upgradation
KARACHI: The State Bank of Pakistan (SBP) has announced that Raast services will remain unavailable for two days. According to SBP, Raast services will not be available from 09:00 AM on 3rd September, till 12:00 AM on 4th September 2023, due to a pre-planned major system upgradation. It may be mentioned here that Raast services…