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IHC Fines Private Bank for Illegally Blocking Account
The Islamabad High Court (IHC) has ruled that blocking a citizen’s bank account without a verified legal reason is unlawful, ordering a private bank to…
EasyPaisa Confirms Outage After 12 Hours of Silence
EasyPaisa confirmed intermittent service disruptions across its platform, acknowledging the outage only after nearly 12 hours of continuous user complaints on social media. The company,…
SBP Raises Deposit Insurance Limit to Rs. 1 Million for Bank Customers
Bank customers across Pakistan will receive greater financial protection after the Deposit Protection Corporation (DPC) increased the deposit insurance coverage limit from Rs. 500,000 to…
SBP Removes Prior Approval Requirement for Islamic Banking Windows
The State Bank of Pakistan (SBP) has relaxed regulatory requirements for banks seeking to expand Islamic banking services, allowing conventional banks and microfinance banks to…
SBP Launches Nationwide Survey on Digital Payment Services in Pakistan
The State Bank of Pakistan (SBP) has launched a nationwide survey to collect public feedback on digital payment services as part of efforts to strengthen…
Pakistan Launches Digital Passport Fee Payment System
The Directorate General of Immigration and Passports is working with a private bank to introduce a digital payment system for all passport and immigration fees.…
NAB Freezes $4.5 Million Bahria Town Accounts in Mauritius
The National Accountability Bureau (NAB) has frozen two foreign bank accounts worth $4.5 million, held at Silver Bank in Mauritius, under the Anti-Money Laundering Act…
SBP Expands Naya Pakistan Certificates to Saudi Riyal and UAE Dirham
The State Bank of Pakistan (SBP) announced issuance of Naya Pakistan Certificates in Saudi riyal and UAE dirham, offering slightly lower returns compared with investments…
SHC Orders SBP to Reinstate Employee Over Heart Condition
The Sindh High Court (SHC) has suspended the dismissal of Iman Gulzar, a State Bank of Pakistan (SBP) employee fired due to a rare congenital…
Cashless Push Overshadowed by Cash in Rs1,350 Million Eidul Azha Trade
The federal government introduced online payment facilities for sacrificial animal trade during Eidul Adha, but a large share of transactions was still completed entirely in…
SBP Mandates 24/7 CCTV and Chip-Pin Cards
The State Bank of Pakistan (SBP) has directed all commercial banks to immediately upgrade their ATM security systems to prevent growing incidents of financial fraud.…
Mobilink Bank Partners with Legal Aid Society to Advance Women’s Inheritance Rights and Climate Resilience in Pakistan
Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Legal Aid Society under its Corporate Social Responsibility (CSR) initiatives to help women secure their…
