KARACHI: The State Bank of Pakistan (SBP) has allowed all commercial banks to adopt an income estimation model for extension of the low-cost housing finance. A circular issued on Thursday night read to facilitate the low-cost housing finance for the applicants with informal income, the central bank has asked banks to develop and deploy an … Read more
KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed banks to collect service charges on the interbank funds transfer (IBFT) on the amount above Rs25,000/month. The central bank issued the updated instructions to banks related to service charges in IBFT. It said the new instructions allow the banks and other service providers to charge … Read more
Few banks across the country has started charging an unannounced fee during money transaction from ATMs. According to the details, the cost of online transactions has increased after the new practice came into effect. Also, the move has opened a new avenue for banks to improve their earnings and cut costs. The receipt shows the … Read more
The following is the list of notable banks in Pakistan. State Bank of Pakistan is the central bank of Pakistan.National Bank of Pakistan (NBP) is a Pakistani government-owned commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of March 2017, it has 1,450 branches across Pakistan with assets of approximately USD 17.2 billion. Also … Read more
