SBP increases loan limit for women entrepreneursÂ
KARACHI: In order to encourage women to participate in the economy, the State Bank of Pakistan (SBP) has enhanced the financing limit...
PBA encourages banks to finance housing sector despite ‘unresolved issues’
KARACHI: Pakistan Banks Association (PBA), a business lobbying group, has given its support for housing and construction finance by banks, according to...
SBP’s export facilitation schemes entail substantial financial cost: WB
World Bank study suggests SBP reassess the refinancing rates it offers to commercial banks with a view to making export financing schemes more cost-effective
SBP governor says communication key to central bank’s success
‘Today, when I look at the future, I am quite confident that the worst, in terms of financial turmoil, is behind us’
Moody’s confirms ratings of five Pakistani banks as stable
Moody's Investors Service, on Tuesday, confirmed the B3 long-term local-currency and Caa1 foreign-currency deposit ratings of five Pakistani banks.
The banks include Allied...
IHC adjourns NBP CEO appointment case till August 13
ISLAMABAD: The Islamabad High Court (IHC) has adjourned the hearing of the case pertaining to the appointment of National Bank of Pakistan...
FBR asks banks to compile five-year record of account holders
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday according to the proposed amendments to the Banking Companies Reporting Rules 2010, asked...
SBP introduces Non-Resident Pakistani Rupee Value Accounts
KARACHI: In order to facilitate Non-Resident Pakistanis (NRPs) with opening and operating of non-resident Pakistani rupee accounts, the State Bank of Pakistan...
UBL profits grow 19pc to Rs11.4bn in 1st half of 2020
United Bank Limited (UBL) posted a year-on-year growth of 19pc in profit after tax (PAT) for the half-year ended June 30, 2020.Â
“With...
SBP issues instructions for promotion of Islamic banking
Banks asked to expand the outreach of Shariah-compliant services to facilitate SMEs, agriculture and housing sectors
SBP revises holding limits for Ijara Sukuk
KARACHI: The State Bank of Pakistan (SBP) has linked the holding limit for the Government of Pakistan (GOP) Ijara Sukuks to cumulative...
Banks not ready to share client data with FBR: report
Commercial banks are not willing to share details of their account holders with the Federal Board of Revenue, a private media outlet...
HBL posts massive after-tax profit of Rs15.1bnÂ
LAHORE/KARACHI: Habib Bank Limited (HBL) Friday announced a massive after-tax profit of Rs15.1 billion for the half-year ended June 30, 2020, up...
SBP conducts four-year review of complaints against banks, DFIs, MFBs
--Central bank attributes increase in number of complaints to improved access to dispute resolution mechanism
--Says number of e-banking users increased 71pc,...
‘Govt, financial institutions striving hard to revive struggling businesses’
FAISALABAD: State Bank of Pakistan (SBP) Executive Director (ED) Syed Irfan Ali on Monday said that financial institutions and the government are...