Karachi, October 29, 2020: Pakistan Banks’ profitability for 3Q2020, which includes a sample of 18 listed banks (out of a total listed 20 banks), representing 99 percent of the banking sector’s capitalization at the PSX. The sector’s profits have jumped by 56 percent YoY in 3Q2020 to reach Rs71 billion on the back of higher…
Karachi, September 30, 2020: Pakistan Telecommunication Company Limited (PTCL) and Telenor Microfinance Bank Limited have signed an agreement for provision of physical and Virtual Data Center (VDC) Hosting Services bundled with industry’s leading Managed Security solution. Zarrar Hasham Khan, Chief Business Services Officer, PTCL and Khurram Gul Agha, Chief Information Officer & Operations Support, Telenor…
KARACHI, August 13, 2020: In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) has introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital services from globally recognized digital service provider companies, without any hassle. Now local companies can…
Karachi, July 8, 2020: The State Bank of Pakistan (SBP) reduced markup rate to 5 percent on refinance schemes for investment and introduces other enhancements Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a…
Karachi, July 7, 2020: Considering the fact that COVID-19 pandemic is continuing to stress the cash flow of small and medium sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till 30th September 2020. Its part of COVD-10 measures: SBP This facility will however be available for Small…