BANK OF PUNJAB’S FIRST QUARTER PERFORMANCE UNDERSCORES REMARKABLE GROWTH Lahore, April 26, 2024 – The Board of Directors of The Bank of Punjab convened on Friday to deliberate on the un-audited Financial Statements for the 1st quarter ending March 31, 2024. The session saw a thorough review of the Bank’s performance against its strategic business […]
Pakistan Considers Introducing Digital Currency, Finance Minister Reveals at World Economic Forum During a session at the World Economic Forum (WEF), Finance Minister Muhammad Aurangzeb disclosed Pakistan’s contemplation of implementing digital currency within its borders. Aurangzeb highlighted the nation’s tentative steps toward potentially adopting digital currency, underscoring its significance on the global economic stage. Furthermore, […]
In a landmark achievement, Branchless Banking (BB) transactions have surged past the 1 billion mark for the first time in a single quarter, according to recent data released by the State Bank of Pakistan (SBP) for the second quarter of fiscal year 2024. The State Bank of Pakistan (SBP) has announced that Branchless Banking (BB) […]
In a strategic move to bolster its presence in the financial sector, Pakistan State Oil (PSO) has secured a significant milestone as its fully-owned subsidiary, Cerisma Pvt Limited, receives approval from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI). The banking regulator has granted an in-principle approval to Cerisma for […]