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UAE banks can withstand shocks of any size: central bank

DUBAI: The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as banks...

Allied Bank leads the way to become the first bank to go live with NIFT ePay

LAHORE: In an effort to promote digital payments in Pakistan, Allied Bank has led the way to become the first bank to...

HBL to pay for employees’ Covid-19 treatment

KARACHI: Habib Bank Ltd. (HBL) will pay for any Covid-19 related medical expenses of employees and their dependents, according to an internal...

Bank Alfalah helps verify Ehsaas beneficiaries from KP, GB, AJK

KARACHI: Bank Alfalah is helping beneficiaries of the Ehsaas programme whose biometric verification is not possible, according to a press release issued...

The pandemic will hit bank earnings, but they have the capital buffers to walk it off

For all their pomp, and obsession with optics, banks in Pakistan do not actually do that well. And Murad Ansari, analyst at...

Why foreign investors love MCB Bank

The bank’s conservative lending style, coupled with a management that foreign investors have come to trust, explains much of the premium in its valuation recently

Telenor Bank fires employees over fraud, concedes involvement of many employees across various branches

KARACHI: Telenor Microfinance Bank has strongly disassociated itself from the allegations made by former employees that the bank wrongly terminated their employment.  The...

Meezan bank completes issuance of Rs200 billion energy sukuk 

KARACHI: Meezan Bank, has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs...
Federal cabinet

Cabinet approves appointment of SNGPL directors, SME Bank president

ISLAMABAD: The Federal cabinet on Tuesday approved the appointment of 11 Board of Directors (BoD) of Sui Northern Gas Pipelines Limited (SNGPL)...

Rehan Shaikh appointed Standard Chartered Pakistan CEO

KARACHI: Rehan Shaikh has been appointed as the Director and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan (SCBPL), according...