World Bank Approves $223 million for Banking Services in Pakistan

Banking Services in Pakistan

In order to improve banking services in Pakistan and also improve living conditions of few parts in Karachi, the World Bank has approved two loans with a total of $223 million for Pakistan. Regardless of the reservations of the Planning Commission over the long-term capability of the scheme and the consultancy fees, the World Bank approved the Financial More...

by Faiza Malik | Published 5 days ago
First branch of Bank of China in Pakistan
By Faiza Malik On Monday, May 15th, 2017
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First branch of Bank of China in Pakistan

First branch of Bank of China in Pakistan will be opening soon as it has received its banking license from the State Bank of Pakistan (SBP). Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li More...

MCB first flagship digital branch
By Faiza Malik On Monday, May 8th, 2017
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MCB launched MCB First Flagship Digital Branch in Lahore

MCB Bank has entered the digital world and launched MCB first flagship digital branch featuring its first State-of-the-Art Digital Lounge at Packages Mall in Lahore. Standard Chartered Bank and United Bank Limited More...

PayPak
By Zonaira Chaudry On Tuesday, April 4th, 2017
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Meezan Bank Launches PayPak

Local banks are continuously working for local payment platform, PayPak, as Meezan Bank being Pakistan’s first and largest Islamic bank, has joined hands with 1LINK (Guarantee) Limited to issue Meezan Bank debit More...

Saudi Arabias first female
By Zonaira Chaudry On Wednesday, February 22nd, 2017
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Saudi Arabias first female commercial bank CEO

Rania Nashar was named Saudi Arabias first female commercial bank CEO of Samba Financial Group, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social More...

Bahria Town to acquire investment bank
By Zonaira Chaudry On Monday, February 13th, 2017
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Bahria Town to acquire investment bank

Bahria Town to acquire investment bank, it recently declared that a majority shareholding in Escorts Investment Bank, a non-banking finance company will be acquired by Bahria Town. Bahria Town, the real state company More...

New Chairman of Bank Alfalah
By Zonaira Chaudry On Saturday, January 21st, 2017
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New Chairman of Bank Alfalah is Sheikh Nahyan

The founder of Bank Alfalah Limited has taken over the bank control as new chairman of Bank Alfalah. Sheikh Nahyan Bin Mubarak Al Nahyan has replaced his brother Sheikh Hamdan Bin Mubarak Al Nahyan. With Pakistan More...

dubai islamic bank selling stakes
By Sataish Umair On Friday, January 6th, 2017
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Dubai Islamic bank selling stakes to Jordan Dubai Islamic Bank

Dubai Islamic Bank (DIB) is one of the largest banks in the UAE that is known today. The news for Dubai Islamic Bank selling stakes to Jordan Dubai Islamic Bank (JDIB) have surfaced now. The development has been More...

burj bank sales
By Sataish Umair On Wednesday, December 14th, 2016
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Alkhair Bank acquired as Burj Bank sales after approval

The Burj Bank is a subsidiary of Bahrain’s Al Baraka Banking Group that has recently got Burj Bank sales. The sale is in the form of another bank that has received approval for selling from the SBP. The approval The More...

mcb and nib
By Sataish Umair On Friday, December 9th, 2016
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MCB and NIB Bank decide to operate as a single entity

MCB and NIB banks have announced their merger this Wednesday to operate as a single entity. Majority of shareholders of NIB have agreed to have one share of MCB in exchange for 140 of their shares. However, the More...