MCB Bank posts highest ever profit before tax of Rs48.25bn, 200pc cash dividend for 2020
The Board of Directors of MCB Bank Limited (MCB) met under the chairmanship of Mian Mohammad Mansha on Wednesday to review the...
SBP to open branch office in Gilgit
The State Bank of Pakistan (SBP) is going to establish its branch office in Gilgit-Baltistan (GB) to regularise the government transactions and...
BOP signs up with six MFIs to promote low-cost housing finance
President Zafar Masud says BOP in advance stage of entering microfinance sector
HMB fined Rs59.5m for violating AML/CFT guidelines
KARACHI:Â The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs59.516 million on Habib Metropolitan Bank (HMB) on account of...
Bank AL Habib’s profit rises 59pc to Rs17.8bn in 2020
The Board of Directors of Bank AL Habib Limited met on Wednesday to review and announce the bank's financial results for the...
Pakistan’s digital efforts will not be in vain
The State Bank of Pakistan loves to promote its digitization process on its pages. Same goes for other banks as well: that...
SBP declared best central bank for promoting Islamic finance
The State Bank of Pakistan (SBP) has been voted as the 'Best Central Bank in promoting Islamic finance' for the fourth time...
Moody’s maintains stable outlook for Pakistan banks
'Despite a difficult environment, the govt's credit profile is stable due to ongoing reforms and increasing policy effectiveness'
BOP, Akhuwat Islamic Microfinance sign MoU to facilitate applicants under Kamyab Jawan programme
The Bank of Punjab (BOP) and Akhuwat Islamic Microfinance (AIM) have signed a memorandum of understanding (MoU) to provide financing to applicants...
‘SBP committed to making supply chains cashless’
LAHORE: State Bank of Pakistan (SBP) Deputy Governor Sima Kamil said on Tuesday that the central bank is committed to digitizing corporate...
SBP holds webinar on draft ‘Banking on Equality’ policy
KARACHI: The State Bank of Pakistan (SBP) has launched a national dialogue on its forthcoming policy, "Banking on Equality", to reduce gender...
SBP sees significant growth in online transactions during July-Sept quarter
KARACHI:Â The State Bank of Pakistan on Thursday released its Quarterly Payment System Review (QPSR) report for the first quarter (July-September) of the...
Silkbank declares operating profit of Rs3.4bn for 9M2020
The Board of Directors of Silkbank Limited, in its recent meeting, declared an operating profit of Rs3.4 billion for the nine months...
Non-performing loans are the least of banks’ concern, or are they?
KARACHI: The total non-performing loans in Pakistan stood at Rs91 billion during the first nine months of 2020, as compared to Rs78...
SBP announces new regulatory incentives to promote low-cost housing finance
The State Bank of Pakistan has announced five regulatory relaxations to incentivize banks for financing low-cost and affordable housing, a statement issued...