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ATMs

NBP joins hands with TouchPoint to build strong partnership

KARACHI: National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have...

Published 24 May, 2024 06:25am

Business & Finance

ABL demonstrates resilience, achieves significant growth

KARACHI: Despite high interest rates and challenging economic conditions, Pakistan’s banking sector demonstrated...

Published 16 Feb, 2024 06:02am

Business & Finance

Cash transactions at BB locations: Biometric verification of accountholders a must: SBP

KARACHI: The State Bank of Pakistan (SBP) has made Biometric Verification (BV) of accountholders mandatory for all...

Published 26 Oct, 2023 06:08am

Business & Finance

APSR for FY23 released: Banks, MFBs process e-banking transactions worth Rs167.4trn

KARACHI: Banks and MFBs have processed 2,073.3 million e-banking transactions amounting to Rs. 167.4 trillion in...

Updated 28 Sep, 2023 10:05am

Business & Finance

Taxpayers’ facilitation: Banks told to implement ‘DIRBS’ in AJK and GB

KARACHI: The State Bank of Pakistan (SBP) has asked banks for implementation of Device Identification Registration...

Published 23 Aug, 2023 05:50am

Over Rs50,000 cash withdrawals thru credit cards/ATMs: Non-filers to pay 0.6pc WHT: FBR

Through Income Tax Circular 2 of 2023, FBR has explained important amendments made in the Income Tax Ordinance, 2001 (the Ordinance) through Finance Act 2023

Updated 30 Jul, 2023 09:49am

Pakistan

BISP beneficiaries form long queues in front of ATMs

LAHORE: The Auto Teller Machines (ATMs) of banks are flooded with long queues of the beneficiaries of Benazir Income...

Published 22 Jan, 2023 03:08am

Facial recognition of users by LEAs: Banks told to install quality CCTVs at ATMs, on branch premises

KARACHI: The State Bank of Pakistan (SBP) has directed banks to install top quality CCTVs at ATMs and around branch...

Updated 27 Oct, 2022 09:47am

Business & Finance

UBL, NayaPay partner for fast int’l remittances to Pakistan

KARACHI: As the demand for fast, secure and simple digital payments across borders continues to grow, UBL and ...

Published 05 Oct, 2022 05:49am

Opinion

Europe’s banks dim lights as they brace for winter blackout

Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential...

Published 08 Sep, 2022 06:29am

Business & Finance

ABL introduces country’s first ATMs that recycle cash

LAHORE: ABL being the leading bank has heavily invested in new-age technologies. In order to further enhance banking...

Published 22 Jul, 2022 06:07am

Opinion

Digital mode of payment

An amendment was introduced to the Income Tax Ordinance, 2001 (ITO) in September 2021, vide presidential ordinance ...

Published 01 Jun, 2022 05:53am

Business & Finance

Bank branches to remain open tomorrow

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that all banks and their branches shall remain open...

Published 29 Apr, 2022 05:43am

BR Research

Rise of mobile banking

Statistics from late last year show that banking customers in Pakistan were transacting more (in value terms) via ...

Published 18 Apr, 2022 08:39am

BR Research

E-banking: growing momentum

After posting a strong performance in FY21, the banking sector’s prominent alternate delivery channels (ADCs) –...

Published 03 Mar, 2022 09:54am

Cyber-attack: NBP reports continuing successful operational recovery

KARACHI: NBP reported continuing successful operational recovery from the cyber-attack on its systems which occurred...

Published 02 Nov, 2021 03:50am

Technology

El Salvador leads the world into cryptocurrency: bitcoin legal tender

Last year alone remittances to El Salvador amounted to almost $6 billion, or 23% of its gross domestic product, one of the highest ratios in the world

Published 07 Sep, 2021 12:17pm

BR Research

Good times for e-banking

The usage of electronic banking (e-banking) continues to improve in Pakistan, thanks to regulatory response during...

Published 01 Jul, 2021 07:40am

Markets

Bitcoin to become legal tender in El Salvador on Sept 7

According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.

Published 25 Jun, 2021 10:47am

Business & Finance

Santander says technical difficulties affecting UK customers

The bank has 14 million customers in Britain and said in a statement on Twitter it was working hard to fix the problem.
"You can access cash from other bank's ATMs and at the Post Office."

Published 15 May, 2021 07:08pm

Pakistan

‘1m growers to get subsidy of Rs5bn per annum’

LAHORE: Over one million growers registered with the provincial government will get subsidy of around Rs5 billion ...

Published 01 May, 2021 03:28am

Markets

Japan's Mizuho to decline to chair lobby group after glitches

Instead, Japan's No.2 lender Sumitomo Mitsui Financial Group Inc will take over from the current chair Mitsubishi UFJ Financial Group Inc from July, the source said on condition of anonymity.
The issue on March 11 was a hardware problem at its data centre, which delayed 263 foreign currency-denominated remittances for corporate clients, worth 50 billion yen.

Updated 13 Apr, 2021 07:50pm

Business & Finance

KP govt, SBP, 1-Link sign agreement to collect taxes through ADCs

PESHAWAR: To facilitate taxpayers and further simplify tax payment procedure, the Khyber Pakhtunkhwa government,...

Updated 08 Apr, 2021 09:06am

Business & Finance

Japan's Mizuho to revise IT contingency plans after glitches

Mizuho, Japan's third largest lender by assets, has a history of technical problems. The bank started operating its current system in July 2019 after spending more than 400 billion yen ($3.6 billion) to develop it.
I don't see a problem at the core banking system itself for now, but some repair may be needed if necessary.

Published 05 Apr, 2021 06:35pm

Business & Finance

Meezan Bank announces financial results for 2020

KARACHI: The Board of Directors of Meezan Bank Limited in its meeting, held on February 18, 2021 approved the ...

Updated 24 Feb, 2021 09:38am

SBP takes key step towards collection of govt taxes, duties

KARACHI: Aimed at further digitalising the collection of taxes and duties, the State Bank of Pakistan (SBP) has ...

Published 22 Jan, 2021 04:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 19	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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