Pilot scheme to begin with British lender HSBC Mastercard offers to partner with every bank in the world Total cards in circulation more than 25 bln – analysts LONDON, June 21 (Reuters) – Payments company Mastercard (MA.N) on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the […]
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SBP bans bank loans for purchasing imported vehicles
In order to curb inflation and imports, the State Bank of Pakistan (SBP) has made amendments in regulations and imposed a ban on loans for purchasing imported vehicles. According to an official notification, the SBP updated the PRs (PR for consumer financing) under the new Prudential Regulations. “The changes in the PRs effectively prohibit financing […]