NetSol Technologies Limited has announced plans to buy back 10 million ordinary shares, the company revealed in a notice to the Pakistan Stock Exchange (PSX) on Monday. The decision was approved during a Board of Directors (BoD) meeting held on November 25, 2024, and will be subject to shareholder approval via a special resolution. The […]
The State Bank of Pakistan (SBP) has updated the terms and conditions for appointing Shariah scholars in Islamic banks and Islamic banking divisions. This revision aligns with the expanding Islamic banking sector and aims to facilitate the transformation of the conventional banking system into an Islamic banking model by 2028. Key Highlights of the Revised […]
Hafizabad, Pakistan – The State Bank of Pakistan (SBP) has sealed the Hafizabad branch of the National Bank of Pakistan (NBP) after uncovering counterfeit currency notes worth Rs. 2 million. The discovery has prompted immediate action, highlighting critical gaps in banking oversight. In addition to the branch closure, the SBP has imposed a substantial fine […]
Lahore: In a groundbreaking initiative to combat the harmful effects of smog, the Bank of Punjab (BoP) has announced the installation of air purifiers across its branches in 18 smog-affected districts of Punjab. This proactive measure aims to ensure a healthier and safer environment for employees and customers alike, as part of the Government of […]
LAHORE: The Punjab government is gearing up to integrate its Electronic Invoice Monitoring System (e-IMS) with the Federal Board of Revenue’s (FBR) Point of Sale (POS) system, a move aimed at streamlining tax processes and reducing redundancies. According to officials from the Punjab Revenue Authority (PRA), necessary arrangements for the integration are underway. The integration […]
The Pakistan Banks’ Association (PBA), under the leadership of its Chairman Zafar Masud, has announced a series of strategic projects aimed at fostering a more inclusive and sustainable financial ecosystem in Pakistan. These initiatives were presented during a high-level meeting convened by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, and attended by Jameel […]
In a groundbreaking partnership, Vizpro and CreditBook are set to revolutionize the grocery retail sector in Pakistan by unleashing its untapped potential. Combining their expertise in digital payments and shariah-compliant financing, the collaboration aims to provide much-needed financial support to an underserved segment of the business community. Vizpro, renowned for its success in digital collections […]
SINGAPORE: Bitcoin surged past $96,000 for the first time on Thursday, fueled by investor optimism over a potentially friendlier regulatory environment under US President-elect Donald Trump. The cryptocurrency reached an intraday high of $96,898 in Asian trading, marking a significant leap in its march toward the $100,000 milestone. The digital asset has more than doubled […]
The State Bank of Pakistan (SBP) has issued a license to E-Processing Systems Private Limited (EPSPL), enabling the company to commence commercial operations as an Electronic Money Institution (EMI). In its official statement, the central bank highlighted that EPSPL, under this license, will offer e-money wallets to consumers, merchants, and agents. This development brings the […]
Islamabad, Pakistan – November 20, 2024 PayFuture, a leading global payment technology provider, has officially launched its operations in Pakistan, marking a pivotal step in connecting international businesses to one of South Asia’s most promising ecommerce markets. With its advanced payment technology and comprehensive understanding of local regulations, PayFuture aims to simplify market entry for […]