SBP to brief Senate body on airline remittances, forex

ISLAMABAD: The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics Control would be briefed on Tuesday on foreign exchange remittances by the State...

Soneri Bank partners with FetchSky to upgrade banking services

LAHORE: Soneri Bank with its recent strategic alliances with FetchSky is bringing together the combined expertise of both the companies on one common platform, with...

Spotting the fake Quaid in M1

Sana Saif, a housewife, recently opened an account in Meezan Bank and made a visit to her branch, adjacent to her apartments, to make...

Retired DMG officer Shahid Mehmood appointed Asian Development Bank ED

ISLAMABAD: Government on Thursday appointed Shahid Mehmood, a close aide of the defunct finance minister Ishaq Dar, as Executive Director (ED) Asian Development Bank (ADB). The...

SBP’s reserves go down by $383m in last 15 days

KARACHI: The total reserves of the State Bank of Pakistan (SBP) declined by $383 million in the last 15 days as the country’s reserves stood...

Pakistan’s banking sector advances in 2017 grew 17 percent

KARACHI: A Topline Security report has revealed Pakistan’s banking sector advances during 2017 rose 17 percent to reach Rs6.53 trillion. According to the brokerage report,...

Rana Afzal for resumption of banking ties, trade with Iran

ISLAMABAD: Pakistan’s Minister of State for Finance Rana Muhammad Afzal has expressed optimism for an early resumption of banking ties between Islamabad and Tehran. In...

SBP launches Systemic Risk Survey

KARACHI: State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts about various...

FIA-CBC unearths fraud in DIBPL

KARACHI: Federal Investigation Agency Commercial Bank Circles (FIA-CBC) successfully unearthed a bank fraud in Dubai Islamic Bank Pakistan Limited (DIBPL) arresting three accused including a...

Advances grow by 17 per cent in 2017, ADR improves to 53 per cent

KARACHI: According to a research report by Topline Securities, advances of the banking sector grew by 17 per cent in 2017 while the Advances to...

Indonesia central bank warns over cryptocurrencies

JAKARTA: After China’s complete ban and American Securities and Exchange Commission’s warnings regarding cryptocurrencies, Indonesia’s central bank has issued a fresh warning about trading...

State Bank’s efforts lauded globally

KARACHI: The State Bank of Pakistan (SBP) has been voted as the Best Central Bank in Promoting Islamic Finance by a poll conducted by...

CLSA, China’s largest investment bank keen to enter Pakistan’s banking sector

ISLAMABAD: One of China’s premier investment banks, Credit Lyonnais Securities Asia (CLSA) is keen to enter the country’s banking sector, as it sees significant...

Malik Riaz enters mortgage industry, completes acquisition of Escort Investment Bank

LAHORE:  Malik Riaz's Bahria Town has entered the mortgage industry fray after successful acquisition of Escorts Investment Bank Limited (EIBL). Bahria Town has acquired a majority...

SBP verbally agrees to withdraw import restriction limit of 35pc on US Dollar

KARACHI: State Bank of Pakistan on Tuesday verbally took back a notification which restricted import of dollars up to 35 percent and permitted currency...

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