Pakistan‘s interest rate expected to remain at 7pc
Experts have said that the State Bank of Pakistan (SBP) is expected to keep the interest rate at 7 per cent for...
Seven women-led companies win up to Rs1.5m in seed grants from Standard Chartered Bank
KARACHI: Standard Chartered, in partnership with INNOVentures Global (Pvt) Limited, has announced top seven winners of #SCWomenInTech Programme 2020.
Through the initiative, the seven...
SBP allows banks to open branches on Saturdays
KARACHI: As coronavirus cases continue to decline across the country, the State Bank of Pakistan (SBP) has permitted banks to open a...
As rainfall swept Karachi, banks failed to notify customers about flooded lockers
Customers of at least three banks – Habib Metropolitan, UBL, and Samba – are complaining that banks did not do enough to inform them their valuables had been damaged by monsoon water.
Dhabi Group of Companies appoints Tanweer Awan as CEO amid performance woes
The Dhabi Group of Companies, which owns and operates Bank Alfalah, Pakistan’s seventh-largest bank, has appointed transformation and turnaround expert Tanveer Awan,...
Silkbank – Best Innovation in Retail Banking Pakistan 2020
Silkbank has won the award for best innovation in 'Retail Banking Pakistan 2020' at the International Bankers Awards. This award is a...
For overseas Pakistanis’ ease, HBL launches ebanc ‘Roshan Digital Account’
KARACHI: HBL launches the ‘Roshan Digital Account’, an initiative of the State Bank of Pakistan.
The ebanc‘Roshan Digital Account’ is an innovative product...
Engro Fertilizers, MCB introduce first ‘electronic bank guarantee solution’ in Pakistan
Engro Fertilizers Ltd and MCB Bank Ltd have partnered to accelerate the digitisation of financial products by developing Pakistan’s first-ever solution to...
JS Bank posts Rs1.47bn profit before tax for 1H2020
JS Bank has reported a turnaround in its profitability by posting a profit before tax of Rs1,472 million for the half-year ended...
Citibank Pakistan CEO Nadeem Lodhi resigns
KARACHI: Nadeem Lodhi, the chief executive officer (CEO) of Citibank Pakistan has handed in his resignation to Citibank, and will officially retire...
SBP revises banks’ sensitivity risk guidelines
KARACHI: The State Bank of Pakistan has revised its guidelines on stress testing of the banking sector. The new guidelines will replace...
NBP’s half-year profit surges 36.8pc to Rs15.2bn
ISLAMABAD: The National Bank of Pakistan's Board of Directors on Wednesday approved the condensed interim financial statements of the bank for the...
BankIslami’s half-yearly profit rises 53.7pc to Rs941m
KARACHI: The Board of Directors of BankIslami on Monday released its financial report for the half-year ended June 30, 2020,
According to the financials,...
Top bureaucrats lobbying for World Bank’s ED position: sources
ISLAMABAD: Some of the top bureaucrats of the country are reportedly lobbying for the position of Pakistan’s Executive Director (ED) at the...
SBP raises Rs634.8bn from T-bill, PIB auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised a collective amount of Rs634.8 billion from the auction...