Banking & Finance

Housing Finance Market Regulatory Body in Making

The government is working on setting up a regulatory body for the country’s housing finance market which is experiencing an accelerated growth and is currently regulated by the State bank of Pakistan (SBP). In this regard, Finance Minister Shaukat Tarin while unveiling the economic plan for sustainable growth earlier this week revealed that the regulatory authority …

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PayPal Launches Crypto Buying and Selling

PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million …

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SBP Introduces SME Asaan Finance Scheme (SAAF) That Does Not Need Collateral

The State Bank has introduced an innovative initiative to improve access to finance for Small and Medium Enterprises (SMEs) in collaboration with the Government of Pakistan, with the express aim of enabling businesses who cannot offer security/collateral to access bank finance. This initiative has been brand named ‘SME Asaan Finance’ or SAAF to emphasize the …

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No Biometric Verification Required For Expats To Operate Bank Accounts In Pakistan

As ARY Group steps up its efforts to acquire 51 per cent of issued and paid-up capital of WorldCall Telecom Ltd along with the management control, its manager to the offer, AKD Securities, refreshed its bid to acquire the control of the company’s management and shares. According to an official of AKD Securities, the time …

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Report Identifies What Could Make Pakistani Customers Change Banks

Pakistani banking customers are increasingly inclining towards digital banks, regardless of their physical presence, as long as they fulfill the banking needs of customers. This was revealed by A. F. Ferguson & Co. (PricewaterhouseCoopers) in a report on Pakistan’s digital banking, titled “Banking in the Digital Age: Exploring Pakistan’s Potential.” To understand the level of …

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