Karachi, March 10, 2021: In order to promote digitization in the banking sector and encourage use of digital channels, SBP has instructe(https://www.sbp.org.pk/psd/2021/C1.htm) all banks to provide minimum set of services on their Internet Banking (IB) and Mobile Banking (MB) channels. These services will include bill payments, funds transfer/IBFT, beneficiary management, limit management, credit and debit…
Karachi, October 23, 2020: Carrefour, operated by Majid Al Futtaim in Pakistan, has underlined its commitment to creating unique and rewarding shopping experiences for its customers with the enhancement of its online delivery system. As part of its ongoing digital transformation, Carrefour has taken several steps towards offering its customers even more value, quality and…
Karachi, August 11, 2020: State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the microfinance banks. Likewise, the maximum size of general loans has been enhanced from Rs150,000 to Rs350,000. Further, to commensurate with enhanced…
Karachi, August 10, 2020: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The airline is set to ramp up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar –…
Karachi, July 22, 2020: State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies. In light of the feedback received from stakeholders, the size of the project established by vendor/ supplier/ energy…