Half-Year Results: MCB Bank posts 14pc growth in profit before tax

The bank maintains industry's highest quarterly payout of Rs4 per share The Board of Directors of MCB Bank Limited met under the chairmanship...

NBP partners with WorldRemit for digital money transfers to Pakistan

Using the WorldRemit app, Pakistanis living in over 50 countries can send money directly from their smartphones to NBP cash pickup locations WorldRemit...

Two new names emerge for BOP presidentship after SBP shoots down Talib Rizvi’s appointment

Editor's Note: An earlier version of this news item mentioned a few allegations that could not be independently verified and hence have been removed....

Capital One shares drop on questions over hack

Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profits failed to convince investors on...

Telenor Microfinance Bank appoints Mudassar Aqil as CEO

The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He will officially...

HBL posts Rs9.9bn profit before tax in first half 2019

HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings per share...

Shahbaz Jameel appointed as ZTBL president

In pursuance of the Federal Cabinet’s decision, Muhammad Shahbaz Jameel, a senior banker, has been appointed as the president & CEO of Zarai Taraqiati...

ADB approves $50m additional contribution to expand CGIF’s operations

ISLAMABAD: The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility...

BOP president fails to get FPT clearance from SBP

The request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as president/CEO of the Bank of Punjab...

No change in instructions on purchase of foreign currency notes by banks: SBP

ISLAMABAD: The State Bank of Pakistan (SBP) has clarified that there was no change in instructions regarding the purchase of foreign currency notes by...

HBL, CRBC sign accord for development of Rashakai SEZ

HBL and China Road & Bridge Corporation (CRBC) recently signed a memorandum of understanding (MOU) at the HBL office in Karachi. Under the MOU, both...

FBR chief asks banks to collect details of benami accounts themselves

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has asked all banks in the country to collect details of 'benami' accounts of their bank...

ADB holds consultative session on country partnership strategy

LAHORE: The Asian Development Bank (ADB) on Wednesday held a consultative session on the ADB Country Partnership Strategy (2020-2024).

Twitterati tells Meezan Bank to ‘Netflix and chill’

Meezan Bank recently disallowed the payment for Netflix application, calling it “non-Shariah compliant”. The bank’s decision has left many...

SBP reserves drop 0.13pc despite Qatar aid

The foreign exchange reserves held by the central bank decreased by 0.13pc on a weekly basis, despite receiving $500 million in inflows from Qatar,...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares