Taxing cash withdrawals will be last nail in coffin of sinking economy: Atif Ikram
ISLAMABAD: Former Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh on Wednesday said the failed...
UBS flags $17 billion hit from Credit Suisse takeover
UBS Group AG (UBSG.S)Â expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AGÂ (CSGN.S), the bank said...
Tax on cash withdrawal to make a comeback in new fiscal year
Reform and Revenue Mobilisation Commission (RRMC) has proposed the revival of withholding tax on cash withdrawal and banking transactions and the elimination of physical dollars from the economy
Pretty outside, ugly inside: How Pakistani banks window dressed their books to avoid new taxes
Government orders banks to either start lending to the private sector or pay higher taxes. Banks do neither, in the process set many new records, and yet get away with it
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Another day, another bank wants to transition to Islamic Banking
Zarai Taraqiati Bank Limited, an agricultural lender, plans on converting to Islamic banking
Summit Bank requests PSX to adjust its capital
Bank pays Rs 85 million to update it’s capital by way of issuing ordinary shares
Why was the first quarter of 2023 remarkable for the banking sector of Pakistan?
Banks enjoy increased income on the back of increased interest rates, low-cost deposits and the reversal of additional ADR-based tax
Pressure grows for regulatory intervention as US bank rout deepens
Pressure is growing on U.S. regulators to take more steps to shore up the country's banking sector as a renewed rout in...
Agha Khan Fund for Economic Development eyes more stakes in HBLÂ
The development agency to use non-repatriated dividends to buy additional shares
Silkbank, UBL in talks for potential merger
This is the third party to express an interest in Silkbank in recent times.Â
HSBC rewards shareholders with buyback, dividend as profit triples
HSBC Holdings (HSBA.L)Â said on Tuesday its profit tripled in the first quarter, beating expectations, as rising interest rates boosted the lender's income...
Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue
The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much power lies in the...
JS agrees to pay BankIslami minority shareholders in cash rather than in kindÂ
KARACHI: Acquiescing to the demands of minority shareholders, JS Bank Limited has decided that its bid to buy 24.88% shares in BankIslami...
Credit Suisse says lost $68bn in assets last quarter, outflows continue
Credit Suisse (CSGN.S)Â said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and...