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Tag: banks

Banks to receive Hajj applications on Saturday, Sunday

KARACHI: The State Bank of Pakistan (SBP) on Friday announced that all designated bank branches will remain open on Saturday and Sunday (March 25...

Japanese banks slide as SVB contagion fear rattles markets

SINGAPORE: Asia's share markets slid on Tuesday, with Japan's financial stocks leading losses as fear of a US banking crisis gripped investors ahead of...

Banks battle to shed unsold buyout loans

Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money era and trying to avoid heavy hits...

Central banks will fail to tame inflation without better policy

Central banks will fail to control inflation and could even push price growth higher unless governments start playing their part with more prudent budget...

Managers on alert after ‘WhatsApp’ crackdown on banks

Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the...

Police, banks and consumers hit by major network outage

OTTAWA: A major outage affecting top telecoms provider Rogers Communications' mobile and internet networks caused widespread disruptions across Canada on Friday, including for banking,...

State Bank of Pakistan announces Friday timings

There will be a lunch/prayer break from 1pm to 2:30pm.

Eid holidays: SBP says banks to remain open on April 30

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that all banks and their branches shall remain open on Saturday, April 30, while...

Banks to remain shut for public on Monday: SBP

KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Monday, January 3, 2022, which will be observed as a...

Banks to stay open on Dec 30-31

KARACHI: In order to facilitate collection of government receipts, duties and taxes, the State Bank of Pakistan (SBP) decided on Tuesday to keep the...

Four held for looting citizens outside banks in Karachi

KARACHI: Special Investigation Unit (SIU) officials have arrested four men during a raid at Shaheed-e-Millat Road on charges of looting Karachi citizens outside banks,...

SBP tightens regulatory, consolidates authority over financial institutions

KARACHI: The State Bank of Pakistan (SBP) has on Monday revised the Corporate Governance Regulatory Framework which means strengthened the regulatory for Banks and...

Interest rate for bank consumers on saving accounts hiked: SBP

KARACHI: State Bank of Pakistan (SBP) Monday announced that bank consumers would be receiving at least a 7.25 percent interest rate on their saving...

Bank staffers allegedly encouraged dollar hoarding, shares SBP governor

KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir Thursday met the heads of multiple banks and conveyed that their staffers are allegedly involved...

SBP raises banks’ cash reserve requirement to contain monetary expansion

KARACHI: The State Bank of Pakistan (SBP) has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of...

Eight banks to roll out collateral-free loan scheme for SMEs: SBP governor

KARACHI: The State Bank of Pakistan Governor Dr Reza Baqir announced that banks have shown an overwhelming response to an innovative financing scheme for...

Big banks look for post-pandemic rebound of credit card revenue

Big US banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving

Rs2.5 charges a Go Green bid to ‘reduce litter’, says ATM service provider

The new levy is a part of Go Green exercise to 'reduce litter' & 'lower cost of printed receipts' and is optional, says 1Link clarification

Designated banks to observe extended timings on Dec 31: SBP   

The arrangement was made to facilitate the collection of the government receipts, duties and taxes, announced the central bank.

Sugar mills to pay cane growers via banks in Punjab

The move is aimed at controlling tax evasion and exploitation of growers at the hands of sugar mills owners.
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