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...
Banking sector assets expand 7.8pc in 1H2020: SBP
ISLAMABAD:Â The State Bank of Pakistan has said that despite elevated economic stress driven by the Covid-19 pandemic, the assets of the banking...
NBP employees’ benefits increase Rs2.57bn in a year
ISLAMABAD: The National Bank of Pakistan's employee-related benefits surged to Rs2.574 billion in one year, according to the bank's financial statements for...
BankIslami’s nine-month profit surges 81pc to Rs1.76bn
The Board of Directors of BankIslami Pakistan Limited recently approved the bank’s financial results for the nine months ended September 30, 2020.
BankIslami...
Complaints against banks surge 51pc in 9M2020: ombudsman
KARACHI:Â The number of complaints against banks increased by around 51 per cent during the first nine months of the ongoing calendar year,...