′Karachi, Nov 6, 2018: The State Bank of Pakistan (SBP) Tuesday denied reports of data hacking of the banks. “It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided…
KARACHI, November 1, 2018: The State Bank of Pakistan’s (SBP) posted a significant decline of some 26 percent during the last fiscal year (FY18) mainly due to rising foreign exchange losses. The SBP on Thursday released its annual performance review for the last fiscal year, which revealed that Pakistan’s central bank’s profit for FY18 witnessed…
Karachi, 1st November 2018: Meezan Bank, Pakistan’s first and largest Islamic bank and Hyundai Nishat Motor (Private) Limited – a joint venture among three leading international business; Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Ltd., have recently signed an agreement for PKR 5.66 billion Islamic Finance Facility. The signing ceremony, held in Dubai, was attended by Mr….
Karachi, October 30, 2018: Pakistan’s one of the leading shariah compliant bank-BankIslami Limited Monday confirmed cyber attack on its Debt Card Data base. Hackers steal $6 million from BankIslami Pakistan accounts The bank management has also confirmed TheBizUpdate’s earlier story that approximately $6 million fraud was withdrawn due to this cyber attack. According to an information…
Islamabad, October 19, 2018: Pakistan Navy commissioned the largest indigenous constructed Fleet Tanker PNS Moawin. This is the first 17,000in tons ship constructed at Karachi Shipyard & Engineering Works (KSEW) with the technical assistance of the Turkish Navy. PNS Mowain Commissioning ceremony was held at Pakistan Navy Dockyard, Karachi. President of Pakistan, Dr Arif Alvi…