Banking
Samsung Launches Galaxy Credit Card With Up to 5 Percent Cash Back
Samsung Electronics has launched its first co-branded credit card in the United States in partnership with Barclays, marking a major step in the companies expansion…
Govt Picks Bank Consortiums for Pakistan Eurobond, Sukuk Plans
Pakistan has appointed consortiums of major international banks to lead its Global Medium-Term Note (GMTN) and international Sukuk programmes, a move that sets the stage…
Pakistan Banks Expected to Report Lower Q2 2026 Profits
Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of unusually high capital gains recorded by…
Punjab Orders Travel Agents to Collect 8 Percent Tax on Card Transactions
The Punjab Revenue Authority (PRA) has ordered travel agents across the province to collect an 8 percent tax on transactions made through credit cards, according…
Digital Payments Triple in Pakistan as Mobile Banking Reaches 137 Million
Digital payments across Pakistan surged by 300 percent over the past year, with mobile banking users rising to 137 million and cash payments under the…
Punjab Cuts Digital Payment Tax at Restaurants and Salons
Punjab has introduced a new digital payment tax system that offers restaurant customers a 50 percent tax discount when they pay through credit cards or…
BISP Beneficiaries to Pay PKR 280 for Digital Wallet Withdrawals
The State Bank of Pakistan (SBP) has officially confirmed that Benazir Income Support Programme (BISP) beneficiaries must bear the interoperability costs of their digital wallets.…
Meezan Bank Challenges Presidential Order Over Rs. 216,000 Refund in IHC
A customer has claimed that Meezan Bank has challenged a presidential order directing the bank to refund Rs. 216,000 by filing a petition in the…
HBL, UBL, Meezan Bank Among Biggest Winners From SBP’s New Deposit Rule
Several leading Pakistani banks are expected to benefit from the State Bank of Pakistan’s (SBP) latest revision to deposit regulations, with analysts forecasting a notable…
Big Depositors Face New Bank Rules and Losses
The State Bank of Pakistan (SBP) has withdrawn the requirement for banks to offer guaranteed profit rates on savings accounts holding Rs10 million or more,…
Pakistan Opens Digital Gateway for Investors with Invest Pak Portal
Federal Minister for Finance and Revenue Muhammad Aurangzeb has launched the Invest Pak Portal, describing it as the start of a new era of investment in Pakistan and pledging…
PM Apna Ghar Expands Beyond Banks with NBFC Loan Approval
The federal government has allowed non-bank financial companies (NBFCs) to take part in the Prime Minister Apna Ghar Program (PM-AGP), widening access to the low-cost…