pkTaxal
Money, Finance and Banking Blog in Pakistan
UBL, Bank Albilad Enter In Remittances Agreement
Feb 18th
United Bank Limited (UBL), Pakistan and Bank Albilad, Saudi Arabia have joined hands to facilitate remittance of funds from expatriate Pakistanis living and working in Saudi Arabia. This partnership between UBL and Bank Albilad is an important step in solidifying the two bankís relationship while at the same time improving the quality of service to customers.
Under the agreement remitters can use UBL’s TezRaftaar Cash (cash over the counter) service whereby the beneficiary can obtain cash payment of up to Rs500,000 over the counter from any UBL branch in Pakistan against a remittance in their name. TezRaftaar Cash is a free, fast More >
Bank of Punjab is Hiring
Feb 6th
The Bank of Punjab is one of the leading banks in Pakistan with a large network of branches. The Bank requires professional bankers for the following positions:
- Group Head Corporate and Investment Banking (C&IBG): (Lahore based)
- Relationship Managers / Officers – Corporate: (All Pakistan basis)
- Special Assets Management Managers / Officers: (All Pakistan basis)
Pak-Qatar Takaful Offers On-Phone Guidance
Feb 3rd
Pak-Qatar Family and General Takaful has initiated its UAN based customer help and guidance phone line facility. Though Pak-Qatar took some time in starting this service, they have chosen a clever phone number for their call center. The phone number is 111-TAKAFUL (i.e. 111-825-238).
Pak-Qatar General Takaful Limited and Pak-Qatar Family Takaful Limited are regarded as the pioneers in introducing takaful products in Pakistan. Pak-Qatar General Takaful Limited was incorporated in Pakistan in year 2006 and started its operations in year 2007.
Like other Islamic banks and financial institutions working in the country, Pak-Qatar General Takaful’s operations are overseen by a Sharia Advisory Board. The More >
Is HBFC’s Rs4.5 billion Financing Enough?
Feb 2nd
In a recent press release House Building Finance Corporation Limited (HBFCL) has announced that its financial position improved significantly during tenure of current government. HBFCL hopes that it will result in greater organizational stability,
HBFCL reports that it disbursed loans of Rs4,556 million in the housing sector during current government’s tenure and recovered Rs6,300 million. According to report, average loan size was Rs600,000.
If we look at the figures, we have some interesting observations. The disbursement of Rs4.556 billion in around 23 months – around Rs198 million disbursement per month – is insufficient compared to size of house finance market major share of More >
Barclays Pakistan Opens Third Rural Area Branch
Feb 1st
The Barclays Bank Pakistan has opened its first branch in NWFP. The branch is on the premises of Pakistan Tobacco Company (PTC), located at Akora Khattak.
It said that Managing Director and CEO of Pakistan Tobacco Company Nicholas Hales performed the inauguration ceremony with Country Managing Director Barclays Bank Pakistan Mohsin Nathani. Also present on the occasion were senior team members of Barclays Bank, Pakistan and PTC.
The statement issued by Barclays Pakistan pointed out that Akora Khattak Branch is the third rural branch for Barclays in Pakistan and has been established to provide financial services to the employees of PTC and the More >
