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Banks bar consumers from international transactions after data theft report

SBP spokesperson says there is no way to confirm the data theft

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Brazilian banks authorized to close for World Cup games

Brazilian bankers can breathe a sigh of relief: they’ll be allowed to close up and watch the national team in the World Cup on television. Financial authorities in Latin America’s biggest economy have told all banks they can arrange their working hours around the far more important live coverage of the “selecao’s” matches in Russia….

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Banks don’t want to be weakest link in blockchain revolution

Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities. While banks could reduce their costs, the gains could eventually shift to consumers who could benefit from quicker and cheaper services. “Any…

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One in five financial institutions consider cryptocurrency trading: survey

LONDON: One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found. Among those respondents who said they were willing to trade cryptocurrencies like bitcoin, the best known of the digital coins, 70 percent said they were planning to start trading in the…

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Caught On Camera  

By Zara Maqbool Last week as I made my regular visit to the bank, one of the branch officers came up and said, “Can you please come on the side? There is an issue that we need to discuss with you.” The way he beckoned me to listen to him immediately raised my defensive bars…

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State Bank announces holiday on Feb 5

KARACHI: The State Bank of Pakistan will remain closed on 5th February (Monday) on the occasion of “Kashmir Solidarity Day” as declared by the government, said a notification. The central bank, its offices and the commercial banks will remain closed on Monday. All government, semi-government offices, educational institutions, and corporations will also remain closed as…

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Hajj 2018: Banks to continue process till Wednesday

KARACHI: The process of receiving Hajj applications is continuing across the country as the banks will continue to receive applications till Wednesday. According to spokesperson of the Ministry of Religious Affairs, the intending pilgrims can submit their applications till Wednesday. The Spokesperson said balloting for successful applicants will be held on Friday. –Samaa/app

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Hajj balloting on Jan 26

ISLAMABAD: Various branches of 13 designated banks had so far received over 111,306 applications under Government Hajj Scheme, said an official of the Ministry of Religious Affairs and Interfaith Harmony.   Hajj Balloting 2018 delayed, Stayed Tuned to Live News Streaming for Update According to latest updates, a total of 25,916 applications had been received…

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Banks to receive Hajj applications from Monday

KARACHI: The designated branches of banks will start receiving Hajj applications from Monday. This was stated by Spokesperson Ministry of Religious Affairs and Interfaith Harmony Imran Siddiqi during an interview with Radio Pakistan’s correspondent Muhammad Akram Khan. He said Hajj applications will be received from intending pilgrims till 24th of this month at thirteen designated…

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Number of branchless banking agents crosses 0.4 mln

ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July, 2017. The number of branchless banking agents grew to all time high level at 402,710 throughout the country which includes customers care offices of mobile phone companies, franchises of mobile phone companies, pharmacy, mobile…

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Banks to remain open for extended hours on Friday

KARACHI: State Bank of Pakistan (SBP) says all banks will remain open after 6:00 pm on Friday (September 29). “In order to facilitate the collection of Government duties / taxes, NIFT will provide special clearing facility on the advice of State Bank of Pakistan on Friday, September 29, 2017 from 6:00 pm,” the State Bank…

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Banks receiving Hajj applications today

The State Bank of Pakistan has announced that banks designated to receive Hajj applications will remain open on Saturday and Sunday. The last date to receive Hajj applications is 26th of this month, while balloting will be held on 28th of this month. Under the government scheme, 1,07526 people will perform Hajj this year. –…

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Thousands throng banks to buy PSL final tickets

As the sale of tickets for the final of Pakistan Super League (PSL) begun, cricket lovers thronged to the branches of Banks of Punjab to try their luck. Online sale of tickets is also underway. Watch this report…

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Anger rising in India as banks slow to dispense cash to millions

Anger rose across India on Saturday as banks struggled to dispense cash after the government withdrew large denomination notes in a shock move aimed at uncovering billions of dollars of unaccounted wealth hidden from the taxman. Hundreds of thousands of people stood outside banks for a third day for long hours trying to replace 500…

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Pakistan Refinery approaches banks for syndicated loan: bankers

Pakistan Refinery is in talks with international banks over a potential syndicated loan, bankers involved in the discussions said. The loan proceeds will be used to double Pakistan Refinery’s refining capacity, they said. The company did not immediately respond to a request for comment. Talks are at an early stage, the bankers said, with one…

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SBP makes special arrangements to facilitate general public on Eidul Adha

KARACHI: State Bank of Pakistan (SBP) has made special arrangements to facilitate the general public for their banking related needs on the occasion of Eid-ul-Adha. According to a press release issued by the SBP spokesman, the measures are aimed at providing hassle free banking services to the general public during the forthcoming Eid holidays. Being…

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Banks to ensure availability of ATM services during Eid holidays

KARACHI: The State Bank of Pakistan (SBP), being fully cognizant of the banking needs of general public, has taken the following measures for smooth availability of banking services during Eid-ul-Fitr holidays. All branches of commercial banks will remain open on 2nd and 9th July, 2016 (Saturdays). Commercial banks shall strictly ensure availability of ATM services…

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Banks receiving Hajj applications today

ISLAMABAD: The process of receiving Hajj applications in designated branches of banks from intending Hujjaj started today (Monday). It will continue till 26th of this month. Balloting for successful pilgrims will be held on April 29. Over 143,000 Pakistanis will offer Hajj pilgrimage this year, 60 percent of them under the government scheme while 40…

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Banks to remain closed on Feb 5

KARACHI: Commercial banks and other financial institutions throughout the country will remain closed on February 5 on account of Kashmir Day. According to an announcement made by the State Bank of Pakistan today, the central bank, its offices and the commercial banks will remain closed on Friday on the occasion of Kashmir Day as declared…

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Forex reserves rise by $110 mln to $19.819 bln

KARACHI: Pakistan’s foreign exchange reserves rose by $110 million to $19.819 billion during the week ending November 27, the State Bank of Pakistan said Thursday. In a statement, the central bank said that total reserves held by the SBP were recorded at $14.787 billion while those held by commercial banks stood at $5.032 billion. “During…

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ATM fraud hits Islamabad

A group of online hackers have deprived Islamabad citizens of millions of rupees. Watch SAMAA’s report on the ATM fraud.  

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