January 9, 2025
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Banking

RapidCompute partners with leading local and global players to launch Pakistan’s first banking ready cloud

The Biz Update04 mins

Karachi, October 28, 2020: RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the Banking Sector and Financial Institutions. The company has established dedicated datacenters for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by…

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Experts highlight challenges to sustain digital banking, financial inclusion

The Biz Update05 mins

Karachi, October 28, 2020: The Covid-19 pandemic has accelerated banks’ journey towards becoming truly digital, but lack of infrastructure development and regulatory hurdles may hinder second wave of the technological advancement in the financial sector in Pakistan. There is a threat the country may lose momentum towards sustaining the growth achieved in the remote banking…

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SCB contributes $55,000 for COVID-19 relief projects in Pakistan

The Biz Update03 mins

Karachi, 13 August 2020: Standard Chartered, in partnership with Sightsavers International, the Bank’s Seeing is Believing programme implementation partner, is supporting the Pakistani community during these challenging times by supporting various relief projects. To minimise the risks of COVID-19 for health care professionals in Pakistan, funds allocated will support the safety of frontline health professionals…

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Banking scrips impetus to rally at PSX

The Biz Update03 mins

KARACHI, July 27, 2020: The KSE-100 index f Pakistan Stock Exchange (PSX) closed at 38,221 points as against 37,608 points showing increase of 614 points. Following SBP’s decision to defer Monetary Policy for next 2 months, gave banking scrips the much needed impetus to rally. Anticipation of further rate cut died with SBP’s decision and…

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