Banks
SBP to reimburse T.T Charges on Dam Fund remittances
Karachi, January 17, 2019: In order to encourage banks to collect more funds for construction of Dams, State Bank of Pakistan (SBP) has announced to reimbursement of TT Charges on dam fund remittances transactions. SBP has announced that the amount received by domestic banks from overseas Pakistanis as donations/contributions for the ‘Prime Minister and Chief…
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The card data of BankIslami was hacked by international hackers and some PKR 2.1 million were withdrawn in different countries by using this data.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…
Pakistan Banks’ Association setup Cyber Security cell
Karachi, November 7, 2018: The Pakistan Banks’ Association (PBA) has established a dedicated cyber security forum to facilitate the banks. PBA is the sole representative body of banks & DFIs operating in Pakistan. In view of the recent reports circulating in the media around the data hacking of Pakistani banks, a spokesperson of the PBA…