NAB considering launch of formal investigation to probe KASB amalgamation case

ISLAMABAD: The  National Accountability Bureau’s (NAB) executive board is considering conversion of an inquiry into a formal investigation to probe the KASB Bank amalgamation deal...

Habib Metro Modaraba set to get listed on PSX

Lahore: Habib Metro Modaraba shares are set to get listed on the Pakistan Stock Exchange (PSX) as its initial public offering starts from September...

Chinese authority’s issue order to cease Bitcoin trading

Shanghai: Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and at once notify users of their closure, signaling a widening crackdown by...

Post penalty HBL appoints ex-SBP governor Ashraf Wathra as consultant international operations

Profit Exclusive Lahore: Taking cognizance of the negative fallout of its exit from the United States, on top of a hefty US$225 million fine, over charges...

Asset base of Islamic banking industry grew by 8pc during April-June 2017 quarter

Karachi: An Islamic Bulletin Banking report issued by the State Bank of Pakistan on Monday revealed that the asset base of the Islamic banking...

Bitcoin is a sham, says JP Morgan CEO

New York: Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co said on Tuesday. Speaking at a...

VMware, Meezan Bank to expand IT Infrastructure through virtualisation

ISLAMABAD VMware Inc., a global leader in cloud infrastructure and business mobility, has recently signed an agreement with Meezan Bank, Pakistan’s first and largest Islamic...

Silkbank striving to capture digital market: Shaukat Tarin

KARACHI Advisor to Chairman of Silk Bank Shaukat Tarin, Monday said the Silkbank is striving hard to capture the digital market in Pakistan as the future of...

2nd Pakistan Banking Awards to be held in Karachi

Karachi The 2nd Pakistan Banking Awards 2017 will be held this month at a local hotel in Karachi with an aim to highlight the fundamental...

Robin Hood of the Fintech world

In 2001, in Karachi, he forecast on the cell phone penetration in the country: by 2010 a hundred million people in Pakistan will have...

What happened at Habib Bank in New York?

The Grand Central Terminal in New York is, by some measures, the largest train station in the world, covering 48 acres in the heart...

Inov8, Flying below the radar

PAKISTAN'S LARGEST FINTECH IS POISED TO CHANGE THE PAYMENT LANDSCAPE OF PAKISTAN Founder and Co-CEO of Inov8 Limited, Hasnain Sheikh, is a man of few but...

Banks asset base grew by 8.3pc during April-June says: SBP

Karachi: A quarterly performance review report (April-June) for the banking sector was released by State Bank of Pakistan on Friday which revealed that their...

Branchless banking deposits grew 95pc during April-June 2017

Karachi: Branchless banking deposits for the April-June quarter went up by 95pc from previous quarter, reported State Bank of Pakistan on Thursday. As per data...

New York DFS fines HBL NY branch $225m

Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225 million for...

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50 reasons to keep your faith in Pakistan

Though it is a moot point what our political, socio-economic conditions should ideally have been today, had the road not been uphill all the...

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