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SBP Slaps Rs. 224 Million Fine on 5 Major Banks

SBP Slaps Rs. 224 Million Fine on 5 Major Banks

(MANEND NEWS): The State Bank of Pakistan (SBP) has imposed penalties of nearly Rs. 224 million on five banks in its routine operations of overseeing compliance and enforcement actions against non-compliance banking institutions. According to

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Dar hints at end to IMF programme

Dar hints at end to IMF programme

ISLAMABAD, (MANEND NEWS): Finance Minister Ishaq Dar on Wednesday hinted that the International Monetary Fund (IMF) programme may expire on June 30 without revival due to “restricted time” and apologised to businessmen for the hardships

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CEO Telenor Microfinance Bank (Easypaisa) Steps Down to Pursue Opportunity Abroad

CEO Telenor Microfinance Bank (Easypaisa) Steps Down to Pursue Opportunity Abroad

(MANEND NEWS): The Chief Executive Officer (CEO) of Telenor Microfinance Bank Limited (Easypaisa) M. Mudassar Aqil has resigned from his position to pursue a new opportunity overseas, official sources told ProPakistani. With the departure of

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Impending default: report says Pakistan’s economy on the brink

KARACHI, (MANEND NEWS): The specter of a potential default looms large over Pakistan’s already fragile economy, as hopes for the revival of the International Monetary Fund (IMF) loan program fade. The consequences of a default

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