Market Daily: KSE 100 down 812.52 points WoW basis

LAHORE: The KSE 100 index continued its northbound move during early trading as inertia from the previous session kept bulls in control of market...

SBP injects Rs155 billion into market

KARACHI: The State Bank of Pakistan (SBP) on Thursday injected Rs155 billion into the market for one day, as reverse repo purchase through its open...

Bank Al-Habib expands into Kenya, opens representative office

LAHORE: Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been granted the...

How HSBC went kaput three times trying to establish a presence in Pakistan’s banking...

LAHORE: Many foreign banks have forayed into Pakistan’s banking sector with aplomb in the last few decades, namely Citibank, Barclays, HSBC, Crédit Agricole, Société...

Meezan Bank announces Rs2.34bn Q32018 profit after tax

LAHORE: Meezan Bank in a notification to the Pakistan Stock Exchange (PSX) released its financial results for the quarter ended March 31, 2018, announcing...

Govt, Meezan Bank working on a 10-year Shariah-compliant bond

LAHORE: The Government of Pakistan and Meezan Bank are working together to introduce a Shariah-compliant version of the 10-year bond, revealed an article published in...

New Shariah standards adoption will increase availability of sukuk instruments: Moody’s

LAHORE: Moody’s on Thursday said the adoption of new Shariah standards would help widen the issuer base and increase the availability of sukuk instruments,...

The journey of Pakistan’s first female banking CEO

LAHORE: Sima Kamil, the first woman CEO of a big Pakistani bank has defied the odds of a male-dominated banking sector to reach the...

UBL profits down 63pc to Rs2.79bn

LAHORE: United Bank Limited (UBL -33 per cent) in a notification to Pakistan Stock Exchange (PSX) on Wednesday, released its financial results for the...

Bank Al Habib declares pre-tax profit of Rs3.40 billion

The Board of Directors of Bank AL Habib Limited announced the financial results of the bank for the three months period ended 31 March...

Bankers meet Miftah Ismail, share budget proposals for banking sector

ISLAMABAD: A delegation of Pakistan Bankers Association had a meeting with the Adviser to the Prime Minister on Finance, Miftah Ismail here on Tuesday....

SBP’s informal ‘currency controls’ major hurdle in sale of Bank Alfalah, Meezan Bank and...

LAHORE: As foreign owners look to sell off their stakes in three major Pakistani banks to local buyers, the State Bank of Pakistan (SBP) is...

NBP committed to housing sector finance: NBP President

KARACHI: The President and CEO of National Bank of Pakistan, Saeed Ahmad, reaffirmed the commitment of NBP to grow and develop housing sector financing in...

Gulf investors seek exit opportunity from Pakistan’s banking industry

LAHORE: After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking industry. The...

Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

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Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

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