IslamabadGoogle has been set to make major changes to Android in an attempt to bridge the privacy gap between Android and iPhone. Although these changes aim to enhance the safety of the user, they can create problems for users who have old devices, as they may lose access to a Google wallet, banking applications and … Read more
With the continued expansion of digital financial transactions all over the world in 2024, Internet criminals targeted mobile banking services and assets associated with increasingly encrypted currencies. Kaspersky Financial Electronic Threat Report revealed that the number of users who face mobile banking horses increased 3.6 times compared to 2023, while the encryption attack attacks increased … Read more
The Internet criminals have increased their use of collective malware distribution tactics to steal bank credit data, which led to a 196 percent increase in Trojan banking attacks on smartphones in 2024 compared to the previous year. Modern Kaspersky Report, The scene of the threat of malware via mobile phone in 2024It revealed that more … Read more
The State Bank in Pakistan (SBP) has successfully organized the sixteenth Saarcfinance symposium, entitled “Challenges and opportunities in capacity building for central banks and financial industry: lessons for Saarc countries.” It was held on February 24, 2025 in NIBAF, Islamabad. The event gathered distinguished experts, policy makers and delegates from Saarc member states to discuss … Read more
BOK Bank has started the transfer process from a traditional bank to a fully Islamic financial institution, according to an official notice sent to the Pakistani Stock Exchange (PSX) on Thursday. In a letter to PSX, BOK officially announced the transition according to Article 96 of the Securities Law, 2015, and paragraph 5.6.1 (A) from … Read more
Islamabad: The federal government decided to intensify the audit of individuals who participate in financial transactions that exceed their declared income, with the Federal Revenue Council leadership (FBR) initiative. FBR Malik Amjed Zubair Tiwana President of the Permanent Committee of the National Finance Association, headed by Syriaed Qamar, told banks that the banks will help … Read more
The US banking regulator instructed banks in 2022 and 2023 to stop directly participating in cryptocurrencies, but did not order them to stop providing banking services to cryptocurrency companies, according to documents released on Friday. The Federal Deposit Insurance Corporation (FDIC) unveiled supervisory “pause letters” following a lawsuit filed by History Associates Incorporated, a research … Read more
At a recent high-level meeting of the Prime Minister’s Committee on IT Export Transfers, a stark fact emerged: only 38,000 of Pakistan’s 2.32 million freelancers currently have bank accounts in the country. The revelation has highlighted critical bottlenecks in capital flow to the booming IT sector. The meeting, chaired by Finance Minister Muhammad Aurangzeb, emphasized … Read more
The market is expected to maintain a positive trajectory, supported by continued monetary easing, deflationary environment, and improving macroeconomic fundamentals, according to AKD Securities Limited. Investors are expected to focus on the upcoming inflation data and Monetary Policy Committee decision next month The Pakistan Stock Exchange (PSX) concluded the week on a strong note, with … Read more
The State Bank of Pakistan (SBP) has revised the Sharia Governance Framework (SGF) to advance the Islamic banking industry and enhance its compliance with Sharia principles. In a circular issued on Friday, the State Bank of Pakistan directed Islamic banking institutions to prepare to implement the updated framework by January 1, 2025. “To further strengthen … Read more