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A service for banking industry professionals · Friday, November 8, 2024 · 759,041,999 Articles · 3+ Million Readers
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Pakistan Banking News Monitoring

  • Published on 20:53 GMT

    Pakistan's remittances increase by 34 pct in July-Oct

    ISLAMABAD, Nov. 8 (Xinhua) -- Remittances sent by overseas Pakistani workers in the first four months of the current fiscal year starting from July 2024 to June 2025 witnessed an increase of 34.09 percent as compared to the corresponding period of last …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on 12:00 GMT

    Declining credit profile drives foreign banks out of Pakistan

    Karachi – Foreign banks are gradually exiting Pakistan, a trend attributed to the country’s declining credit profile and the growing strength of local banks post-privatisation, bankers revealed. Speaking at the two-day Future Summit 2024, which concluded …

    Source: Profit by Pakistan Today - Neutral
  • Published on 14:52 GMT

    VEON and Jazz Focus on Financial Services, Data Centers, Software, and Cloud for Pakistan’s Digital Transformation in ...

    Senior leaders from VEON Group, accompanied by Jazz leadership, met with Prime Minister Shehbaz Sharif to discuss strategic investments in banking, financial services, data centers, software, and cloud infrastructure as catalysts for Pakistan’s digital …

    Source: ProPakistani - Neutral
  • Published on 04:31 GMT

    FUTURE SUMMIT 2024 concludes with focus on Pakistan’s future challenges, opportunities

      The 8th edition of THE FUTURE SUMMIT 2024 concluded its second day with impactful discussions centered on critical topics shaping Pakistan’s future, including the future of healthcare, financial inclusion, the evolving financial sector, and the urgent …

    Source: Pakistan Observer - Pro-Government
  • Published on 05:37 GMT

    Pakistan’s remittance inflow at $3.05bn in October 2024, up 24% year-on-year

    Inflow of overseas workers’ remittances into Pakistan stood at $3.052 billion in October 2024, a substantial 24% increase on a year-on-year (YoY) basis when compared with $2.463 billion in the same month of the previous year, showed data released on Friday …

    Source: Business Recorder - Neutral
  • Published on 04:01 GMT

    Falling credit profile blamed for foreign banks’ exit

    KARACHI: Foreign banks are gradually withdrawing from Pakistan due to the country’s declining credit profile, while local banks, having grown significantly post-privatisation, are outcompeting their foreign counterparts, according to bankers. Speaking at …

    Source: Dawn - Center-left
  • Published on 04:01 GMT

    Pakistan’s reserves fall $118m

    KARACHI. The foreign exchange reserves of the State Bank increased by $18 million to $11.274 billion during the week ending on Nov 1, announced by the central bank on Thursday. However, the country’s total reserves declined by $118m to $15.9bn during the …

    Source: Dawn - Center-left
  • Published on 03:52 GMT

    Running banks and airlines

    THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but given the precedent, it is bound to go for one as soon as it can. KP and Punjab recently said …

    Source: Dawn - Center-left
  • Published on Nov 7, 2024

    Pakistan’s foreign reserves drop to $15.93 billion, SBP reveals

    Pakistan’s total liquid foreign reserves decreased to $15.93 billion as of November 1, 2024, marking a reduction from the previous week’s $16.05 billion, according to recent data from the State Bank of Pakistan (SBP).  The latest figures show the SBP …

    Source: Profit by Pakistan Today - Neutral
  • Published on Nov 7, 2024

    State Bank of Pakistan’s liquid foreign reserves increase by $18 million

    KARACHI – Pakistan’s liquid foreign reserves recorded at $15,931.8 million as of November 01, 2024. As per the data released by the State Bank of Pakistan (SBP) on Thursday, liquid foreign reserves held by the central bank stood at $11,174.6 million. Net …

    Source: Pakistan Observer - Pro-Government
  • Published on Nov 7, 2024

    Pakistan’s foreign exchange reserves stand at US$ 15.93bn

    KARACHI: Pakistan’s total foreign exchange reserves stood at US$ 15. 93 billion during the week ended on 1st November 2024, ARY News reported citing the State Bank of Pakistan (SBP). According to a statement issued by the central bank, Pakistan’s reserves …

    Source: ARY News - Label Pending
  • Published on Nov 7, 2024

    VEON’s Cloud & Cybersecurity Platform Garaj Signs with Standard Chartered Bank in Pakistan

    Amsterdam, Dubai, and Islamabad, 07 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announces that Garaj, the enterprise solutions business of its Pakistan digital operator Jazz, will assist in setting …

    Distribution channels: Media, Advertising & PR, Telecommunications ...
  • Published on Nov 7, 2024

    Banks to Remain Closed on 9 November

    The State Bank of Pakistan (SBP) announced on Wednesday that a public holiday will be observed on Saturday, 9 November 2024, on account of Iqbal Day. “The State Bank of Pakistan will remain closed on Saturday, November 09, 2024 being public holiday on the …

    Source: ProPakistani - Neutral
  • Published on Nov 7, 2024

    SBP: Banks to remain closed on Nov 9

    KARACHI: The State Bank of Pakistan (SBP) has announced that all the banks will remain shut on November 9 owing to the birth anniversary of Dr Allama Mohammad Iqbal also known as the Iqbal Day, the central bank said in a statement on Thursday. Meanwhile, …

    Source: The News International - Uncategorized
  • Published on Nov 7, 2024

    Banks to remain closed on Iqbal Day: SBP

    KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that banks would remain closed on November 9 on account of the Iqbal Day, the birth anniversary of the Poet of the East, Muhammad Iqbal. November 9 is observed as 'Iqbal Day' across …

    Source: GEO TV - Pro-Government
  • Published on Nov 4, 2024

    Pakistan central bank cuts rates by record 250 bp, beating expectations

    KARACHI : Pakistan's central bank cut its key policy rate by a record 250 basis points to 15 per cent on Monday, exceeding expectations, as the country bid to revive a sluggish economy amid a big drop in the rate of inflation. Respondents in a Reuters …

    Source: Channel News Asia - Pro-Government
  • Published on Nov 7, 2024

    In a melting world, Pakistan must also change and learn to stand on its own feet

    NOTHING is more important for Pakistan now than to learn to stand on its own feet. The triumph of Donald Trump as the next president of the United States underscores this urgency. Those who think that Trump will be a friend to their cause should prepare to …

    Source: Dawn - Center-left
  • Published on Nov 7, 2024

    Haj 2025: Pakistan’s quota equally divided between govt, private schemes

    ISLAMABAD: For the Haj 2025, Pakistan’s total quota of 179,210 would be bifurcated equally between the government and private schemes. The federal cabinet approved the Haj Policy 2025 on Tuesday, according to which there would be two schemes: ‘Government …

    Source: The News International - Uncategorized
  • Published on Nov 5, 2024

    Pakistan proposes new crypto framework to central bank rules

    The State Bank of Pakistan has proposed a legal framework to recognize digital assets, including cryptocurrency, as official forms of currency. If approved, the plan would allow the SBP to issue a digital currency, potentially leading to a central bank …

    Source: crypto.news - Neutral

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