‘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...
Bank Alfalah looking attractive to investors
Despite a fall in profits, the bank’s dividend yield on offer will have shrewd investors interested
HBL receives ‘Asia Best Bank Transformation 2020’ award from Euromoney
The bank also wins 'Pakistan's Best Bank 2020' for a second year running
SBP tasks banks to increase housing, construction financing
Banks have been asked to increase their housing and construction loan portfolios to at least 5pc of their private sector credit
SBP extends Covid-19 mitigation measures till December
KARACHI: The State Bank of Pakistan (SBP) has extended a number of measures taken to mitigate the impact of Covid-19 from their...
SBP governor for minimal documentation for SMEs under refinance scheme
FAISALABAD: State Bank of Pakistan (SBP) Governor Reza Baqir on Monday said that documentation for the Small and Medium Enterprises (SME) sector...
SBP imposes Rs1.68bn fine on 15 banksÂ
KARACHI: The State Bank of Pakistan (SBP) imposed a cumulative fine worth Rs1.68 billion on 15 commercial banks for violating its regulations...
Despite the SBP’s best efforts, lending has stayed flat over the past year
Total lending by banks grew by just 1% over the past year, even as deposits continued to grow by about 12% during the same period
Silkbank, Visa partner to further e-commerce drive
KARACHI: Silkbank Ltd is one of the leading and fastest growing consumer banks in the country, with 123 branches in 39 cities....
Telenor Microfinance Bank reports Rs16.3bn loss for 2019
KARACHI: Telenor Microfinance Bank on Wednesday, released its financial statements for the year ending December 31, 2019 announcing a loss after tax...
SBP extends period to defer loan principal amount till September 30
KARACHI: The State Bank of Pakistan (SBP) in a statement released on Tuesday announced that it has extended the deferment of principal...
UAE banks can withstand shocks of any size: central bank
DUBAI: The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as banks...
Allied Bank leads the way to become the first bank to go live with NIFT ePay
LAHORE: In an effort to promote digital payments in Pakistan, Allied Bank has led the way to become the first bank to...
HBL to pay for employees’ Covid-19 treatment
KARACHI: Habib Bank Ltd. (HBL) will pay for any Covid-19 related medical expenses of employees and their dependents, according to an internal...
Bank Alfalah helps verify Ehsaas beneficiaries from KP, GB, AJK
KARACHI: Bank Alfalah is helping beneficiaries of the Ehsaas programme whose biometric verification is not possible, according to a press release issued...