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digital banking

Interview with Khurram Mumtaz, Head of NEO Mashreq Pakistan

‘Convenience is king, and we aim to redefine banking in Pakistan’ Khurram Mumtaz spearheads the expansion of Mashreq...

Published 10 Jan, 2025 07:40am

Mobile apps: SBP issues new guidelines for transaction security

KARACHI: In a significant step to improve the security of digital payments, the State Bank of Pakistan (SBP) has...

Updated 11 Dec, 2024 09:19am

Business & Finance

ZTBL, Wateen partner to establish Security Operations Centre

ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) has partnered with Wateen to establish a Security Operations Centre...

Published 30 Nov, 2024 06:26am

Business & Finance

Shareholders inject $10m equity investment into TMB

KARACHI: Telenor Microfinance Bank (TMB) has received $10 million in equity investment from its shareholders, ...

Published 19 Nov, 2024 06:34am

Pakistan

Senate body told: Non-renewal of LDI licences can impact telecom ecosystem

ISLAMABAD: The non-renewal of Long Distance International (LDI) licences on account of outstanding dues of around Rs...

Published 09 Nov, 2024 07:33am

Business & Finance

Transition towards cashless society to drive financial inclusion: Ali Irfan

ISLAMABAD: The transition towards a cashless society can significantly impact Pakistan’s economy by reducing the...

Published 13 Aug, 2024 08:02am

Opinion

Enablement of digitalization in Pakistani banking and risk in operations

Introduction: The digital revolution is sweeping across the globe, transforming traditional industries and reshaping...

Published 20 Jun, 2024 06:01am

Business & Finance

Silkbank reaffirms collaboration with Xpert Digital & Temenos

KARACHI: Silkbank, a prominent bank in Pakistan, reaffirmed its strategic relationship with Xpert Digital (XD), a...

Published 11 Jun, 2024 03:17am

Business & Finance

Zindigi JS Bank, 5th Pillar Takaful sign MoU

KARACHI: The Digital banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a...

Published 26 May, 2024 02:56am

Business & Finance

Sacrificial animals’ purchase: SBP set to provide QR code payment mechanism

KARACHI: In a major development on digital banking front, the State Bank of Pakistan (SBP) is all set to facilitate...

Published 25 May, 2024 06:33am

Business & Finance

Year ended on Dec 31, 2023: Bank of Punjab records 50pc growth in total assets

LAHORE: The Board of Directors of The Bank of Punjab (BOP) convened on Tuesday, to review and approve the Bank’s...

Published 21 Feb, 2024 05:29am

Business & Finance

Bank Alfalah records an impressive year of growth

KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 01, 2024, approved...

Published 02 Feb, 2024 05:20am

Business & Finance

Raqami partners with Codebase Technologies on digital banking

KARACHI: Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure...

Published 19 Jan, 2024 05:37am

Business & Finance

HSBC apologises as thousands of UK customers locked out of digital banking

LONDON: Thousands of HSBC customers in Britain on Friday reported they were unable to access some mobile and online...

Published 27 Nov, 2023 06:13am

Business & Finance

HBL Mobile becomes Pakistan’s first mobile banking app for visually impaired individuals

KARACHI: HBL has launched a new accessibility feature on its digital banking app, HBL Mobile. This feature will...

Published 12 Oct, 2023 05:57am

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

Digital banking services: KT Bank receives SBP approval

LAHORE: KT Bank, an under formation digital bank has received in-principle approval from the State Bank of Pakistan...

Published 27 Sep, 2023 06:08am

Raast platform: SBP set to launch ‘P2M’ payment system

KARACHI: The State Bank of Pakistan (SBP) is all set to launch the person-to-merchant (P2M) online payment system on...

Updated 27 Sep, 2023 10:40am

Business & Finance

Allied Bank partners with Synapsify & Fasset for Web 3.0 initiative

KARACHI: To remain at the forefront of innovation and uphold our commitment to providing the best digital banking...

Published 25 Sep, 2023 07:15am

Technology

ABL partners with Synapsify & Fasset for Web 3.0 initiative

LAHORE: To remain at the forefront of innovation and uphold our commitment to providing the best digital banking...

Published 22 Sep, 2023 03:33am

Pakistan

SBP awards in-principle approval to 5 digital retail banks

These include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited

Updated 20 Sep, 2023 06:40pm

BR Research

Banks’ entry into retail forex: need of the hour

Earlier this week, banks presidents had a meeting with finance minister, governor SBP, and a senior officer of an...

Updated 20 Sep, 2023 10:27am

Business & Finance

Expansion strategy: JS Bank plans to add 11 more branches to its network

KARACHI: Under the branch expansion strategy, JS Bank has planned to add 11 more branches to its network this year...

Published 20 Sep, 2023 06:28am

Technology

OPay International confident it has muscle to tap Pakistan’s market

Statement comes after company got SBP approval to fully acquire a commercially active Electronic Money Institution (EMI) licenced company

Published 14 Sep, 2023 06:19pm

Business & Finance

StanChart launches comprehensive ‘Digital Banking Solution’

KARACHI: Standard Chartered Bank Pakistan on Wednesday announced to strengthen its Digital Banking Solution by...

Published 31 Aug, 2023 06:00am

Business & Finance

BankIslami wins Best Bio Technology Award

KARACHI: BankIslami has been recognized with the prestigious Best Bio Technology Award for its innovative One Touch...

Published 04 Jul, 2023 05:07am

Business & Finance

NBP customers adopting digital banking successfully

KARACHI: The National Bank of Pakistan has unequivocally recognized and commended the ground-breaking ...

Published 28 May, 2023 03:34am

Business & Finance

NBP commends accomplishments of its ‘Digital Champion’ campaign

KARACHI: The National Bank of Pakistan has unequivocally recognized and commended the ground-breaking ...

Published 27 May, 2023 06:09am

Business & Finance

Digital banking frauds: SBP rolls out new set of guidelines for banks, MFBs

KARACHI: The State Bank of Pakistan (SBP) has announced enhancement in control measure requirements to protect...

Published 19 May, 2023 06:17am

Business & Finance

UBL goes live on Temenos to power digital corporate lending

KARACHI: United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live...

Published 12 May, 2023 05:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.56 ▼ -1.68 (-9.21%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.16 ▼ -0.77 (-7.75%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	63,126,588 ▼ -0.10
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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