Saturday, July 6, 2024

Bank

HBL to close New York operations as regulator seeks $630m penalty

HBL got fined for “serious deficiencies” in its anti-money laundering programme spanning Pakistan's largest private bank Habib Bank Limited announced to wind up its operations in New York after getting $630m penalty notice form United States regulatory department. According to the press...

State Bank of Pakistan offers Easy Loans Scheme for Women Entrepreneurs

Women are central to this growth paradigm, Governor State Bank said State Bank of Pakistan (SBP) has launched “Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Underserved Areas”. The loan scheme will be offered with 0% refinance rate and 60% risk coverage...

JS Bank and Dellsons discuss Prospects & Challenges of Emerging Digital Ecosystem

Pakistan should focus on collective efforts to promote the digital ecosystem by adopting the collaboration mindset, seminar speakers suggested The seminar on Emerging Digital Ecosystem - Prospects and Challenges was organized by Dellsons in association with JS Bank. The conference was...

Bank of China gets license from State Bank to operate in Pakistan

Bank of China makes its way into Pakistan with $50 million investment Bank of China (BoC) will set up its first branch in Pakistan as it has received its banking license from Pakistan's central bank, the State Bank of Pakistan...

JS Bank signs MoU with Pakistan Institute of Management

To improve JS Bank’s human resource in line with the best global practices, the Bank's learning & organizational development division has initiated a number of projects with training and educational institutions. A first of its kind strategic linkage was signed...

Digital Banks to be soon launched by State Bank of Pakistan

Branchless banking will gain recognition in Pakistan with the opening of all-digital banks State Bank of Pakistan (SBP) is currently working on the mechanism to launch digital banking services in Pakistan. According to the Executive Director of SBP, Syed Irfan Ali, the...

Pakistan State Bank inaugurated Data Centre to control money laundering

Governor State Bank Ashraf Wathra along with British High Commissioner and UNODC representative inaugurated the Data Centre. The State Bank of Pakistan inaugurated Pakistan’s first high-tech data centre by State Bank of Pakistan Governor, the British High Commissioner and the...

Pakistan’s Summit Bank and China’s UnionPay sign accord to boost friendly exchanges

UnionPay Card serves as a bridge to boost friendly exchanges between Pakistan and China UnionPay International has announced that it has signed an issuance agreement with Pakistan Summit Bank. Pakistan's Summit Bank and China's UnionPay International  have agreed to jointly issue...

EXIM Bank offers long-term financing opportunities in Pakistan

The Export-Import Bank of the United States is here to compete for Pakistani business, and is ready to partner with Pakistan to reach its development goals, EXIM Chairman Hochberg said ISLAMABAD – Export-Import Bank of the United States (EXIM) will now offer long-term...

Asian Infrastructure Investment Bank launches with $100bn in capital

The Asian Infrastructure Investment Bank is designed to revamp aging infrastructure in emerging Asian economies. The Chinese-led bank starts with 57 member states and a capital stock of $100 billion. BEIJING (China) -- The Asian Infrastructure Investment Bank (AIIB) opens...

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Nearly 30,000 people evacuated as Northern California wildfires spreads amid heatwave

Raging wildfires in northern California has forced nearly 30,000 residents to evacuate as the state endures a brutal heatwave.