Banking
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ADB Approves $20 Million Loan To Khushhali Microfinance Bank
Pakistan’s Khushhali Microfinance Bank Limited (KMBL) is planning to expand access to loans for small businesses and agriculture based debtors. For this...
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Bank Of China To Inaugurate Their First Branch In Pakistan After SBP Grants License To Them
According to a press release, the State Bank of Pakistan (SBP) has granted a license to the Bank of China to set...
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SBP to Implement Blockchain Technology Combat Cyber Crimes
In a visionary move, it has been revealed that experts at State bank of Pakistan (SBP) are studying the blockchain technology solution model....
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Pakistan Banking Association Suggests a 30% Slash In Tax Rate
Pakistan Banking Association (PBA) has advised the government to cut down the tax rate to 30% and bring it at par with...
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SBP Tables New Draft Framework To Revamp IT Governance And Risk Management
The State Bank of Pakistan (SBP) has released a Framework draft for the financial institutions to manage risks and explore strategies associated...
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Pakistan and Switzerland Reach An Agreement Over Exchange of Bank Accounts Information
To track the offshore tax-evaded cash outflows, Finance Minister Ishaq Dar has announced reaching an official agreement with the Swiss authorities. The two...
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LCCI And SME Bank Collaborate for the Development of SMEs
Building one of its kind of collaboration, LCCI (Lahore Chamber of Commerce and Industry) has joined hands with SME Bank in order...
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Pakistanis Shifting to Hard Cash Transactions to Evade Taxes
Tax evasion is not a new phenomenon for the South Asian economies but Pakistan has outnumbered its cash in circulation, rising at a...
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Embezzlement Scandal: 5 ZTBL Officials Defraud Millions After Using Ghost Farmers Name
In a latest scandal, five ZTBL officials have allegedly swindled an amount of Rs202 million from the government treasury in the name of...
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Six Strategic Goals Set up With SBP – World Bank Makes First Ever RAS Agreement With Any South Asian Country
The State Bank of Pakistan (SBP) has established a contract with World Bank to accomplish its six strategic goals which are set...
