Karachi, February 8, 2021: In view of the on-going COVID-19 related global emergencies and the increasing pace of digitalization, the notions of ‘ proactive risk management’ and ‘attack kill chain’ have become increasingly pertinent & critical. An agile enterprise IT is exposed to cyber risk, adversarial attacks and similar exposures resulting from the dynamic nature…
Karachi, February 02, 2021: Data is one of the valuable assets a Bank holds in trust — and to lose it or lose access to it or for it to be compromised can result in increasingly dire consequences, not only from a cost or regulatory perspective but, more crucially, from the standpoint of erosion of…
KARACHI, July 27, 2020: Under the State Bank of Pakistan (SBP) Rozgar Refinance Scheme, financing of Rs125.9 billion has been approved by banks for 2068 businesses covering wages and salaries of over 1.2 million employees up till 10th July 2020. Soon after the introduction of the Scheme, a large number of applications to avail financing…
Karachi, July 22, 2020: A Memorandum of Understanding (MOU) has been signed between National Bank of Pakistan (NBP) and US based Winrock International Institute for Agricultural Development (Winrock) for collaboration between the two organizations to look at increasing ways and means of credit availability to farmers, processors and service providers and enhancing financial literacy in…
KARACHI, July 12, 2020: Some Rs 1.68 billion penalty has been imposed by the central bank on 15 bank for on deficiencies in regulatory compliance and does not constitute a comment on the financial Soundness Of the entity. These fines were imposed on United Bank Ltd, JS Bank Ltd, Meezan Bank Ltd, Faysal Bank Ltd,…