Tags : banks

Banks open Sat-Sun for Hajj 2024 applications

WEB DESK: The State Bank of Pakistan (SBP) has instructed 15 banks to extend the operating hours of specific branches on both Saturday and Sunday in order to streamline the process for people planning to perform the Hajj in 2024 and submit their application forms along with payments. On Saturday, December 9, 2023, and Sunday, […]Read More

Banks grant PIA a loan in line with its privatization targets

KARACHI: Banks have stepped up to offer crucial financial support to the national flag carrier as a result of the decision to privatize Pakistan International Airlines (PIA), according to the private news channel on Friday. A loan of Rs 18 billion for PIA to cover its immediate financial obligations has granted by the banks, according […]Read More

Refund to Hajj 2023 pilgrims: Govt disburses funds to banks

ISLAMABAD: The federal government has disbursed funds to the banks for giving refunds to the Hajj 2023 pilgrims, the private news channel reported on Friday. According to a spokeswoman for the Ministry of Religious Affairs, the relevant banks would start refunding Hajj pilgrims’ money the next week. It further mentioned that messages about the refunds […]Read More

Banks to remain shut for three days of Ashura

The State Bank of Pakistan (SBP) announced vacations on Tuesday, and as a result, all banks around the nation will be closed for three days in observance of Ashura. The SBP announced two days of bank holidays on July 28 and 29. Which will followed by a Sunday when the banks remain closed. Also Read: […]Read More

Banks will remain closed today for public dealings

KARACHI: All banks to remain closed for public dealing on Monday (today) across the country, the private news channel reported. As per details, the State Bank of Pakistan (SBP), Development Financial Institutions (DFIs), and Microfinance Banks (MFBs) will, therefore, remain closed for public dealing. Also Read: Pakistan wants trade, not aid; says FM Bilawal Bhutto […]Read More

Eid-ul-Azha 2023 holidays: Banks to remain closed for four days

KARACHI: The State Bank of Pakistan (SBP) announced that the central bank would remain closed from June 29-30 on account of Eid-ul-Azha 2023. Because of this, all commercial banks nationwide will be closed on Thursday, Friday, Saturday, and Sunday. After the weekend, on July 3, 2023, the banks will reopen. Also Read: PICT is taken […]Read More

Hajj 2022: Banks receive 14,247 applications

ISLAMABAD: Hajj 2022, The Ministry of Religious Affairs and Interfaith Harmony on Wednesday said that the process of submitting applications for the government Hajj scheme through banks is underway and so far 14,247 applications have received. In a statement Joint Secretary Hajj Usman Saroush Alvi said that Hajj applications will received by Friday (May 13), […]Read More

Eid holidays: Banks to remain open this Saturday

KARACHI: The State Bank of Pakistan (SBP) on Thursday clarified that all banks and their branches shall remain open on Saturday, April 30, 2022. Also Read: Facilitating business community of SBP: Reza Baqir “In the wake of public holidays announced by the Government of Pakistan on the occasion of Eid ul Fitr. The general public […]Read More

Banks cannot be closed down: Federal Shariat Court CJ

ISLAMABAD: The Federal Shariat Court observed on Friday that the government and financial institutions (banks) should develop consensus over interest-free transactions. A three-member Federal Shariat bench, headed by Chief Justice Muhammad Noor Meskanzai and comprising Justice Dr. Syed Muhammad Anwar and Justice Khadim Hussain M Sheikh, heard petitions regarding the interest system on Friday. The […]Read More

Zimbabwe ordered all banks to stop processing transactions involving cryptocurrencies

HARARE, 05 October: When Mthuli Ncube was appointed Zimbabwe’s finance minister in September 2018, the country’s crypto enthusiasts hoped he would walk back some of the restrictions imposed on cryptocurrency trading. The truly optimistic hoped he would become a champion of digital currencies. “When he joined government, he was bullish about cryptocurrencies,” William Chui, one […]Read More