9M2020: BOP reports before tax profit of Rs10bn
A meeting of the Board of Directors of The Bank of Punjab was held on Thursday to consider and approve the unaudited...
Soneri Bank’s nine-month profit rises 49.5pc to Rs1.81bn
The Board of Directors of Soneri Bank Limited, in its 181st meeting held on Wednesday, approved the bank’s condensed interim financial statements...
NBP’s 3Q profit surges 110pc to Rs11bn
National Bank of Pakistan (NBP) on Tuesday declared an after-tax profit of Rs11 billion for the quarter ended 30 September 2020, a...
Meezan Bank’s nine-month profit surges 65pc to Rs18.1bn
Recent results have proven Meezan Bank’s position as the leading Islamic bank in the country, which is now also the 6th largest bank in the country.
Bank Alfalah posts Rs8.3bn profit for 9M2020
The Board of Directors of Bank Alfalah Limited on Wednesday approved the bank’s unaudited condensed interim financial statements for the nine-month period...
Bank AL Habib’s nine-month profit surges 87pc to Rs13.13bn
The Bank AL Habib Limited (BAHL) Board of Directors on Wednesday announced the bank's financial results for the nine months period ended...
HBL 9M2020 profit surges to Rs25.3bn, a threefold increase over same period year ago
HBL declared a consolidated profit after tax of Rs25.3 billion for the first nine months of 2020, an almost threefold growth over...
Give out mortgage loans or pay a penalty, SBP tells banks
KARACHI:Â Under a new scheme, the State Bank of Pakistan is trying to incentivize banks to meet their mandatory targets to extend mortgage...
SBP issues guidelines for DFIs to undertake Shariah-compliant business
KARACHI: In order to enlarge the scope of Shariah-compliant financial services in the country, the State Bank of Pakistan (SBP) has issued...
President Alvi stresses banking transparency to end consumers’ exploitation
ISLAMABAD: President Dr Arif Alvi said on Thursday that the use of information technology has given the banking sector a new dimension,...
US Federal Reserve Board terminates enforcement actions with HBL
The US Federal Reserve Board in a press release announced the termination of enforcement actions with Habib Bank Limited Pakistan and Habib...
SBP must proactively encourage lending for home loans, says NPHP chairman
Webinar explains housing finance is at an infant stage in Pakistan, but there is potential for huge growth
SBP allows financial institutions to outsource cloud-based services
KARACHI: The State Bank of Pakistan (SBP) on Monday allowed financial institutions to outsource hosting on the cloud to both domestic and...
Banks to disburse loans under Naya Pakistan Housing Scheme from next week
KARACHI: Naya Pakistan Housing and Development Authority (NAPHDA) Chairman Lt Gen (r) Anwar Ali Hyder said on Friday that six commercial banks...
Six Pakistani banks named in FinCEN leak
Six Pakistani banks have been named in an investigation on the role global banks play in money laundering by Buzzfeed News and...