Pakistan’s mystery billionaire
“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him...
Consumers lose money amid falling demand for old 100-dollar bills
Moneychangers, banks exploiting situation as regulator looks the other way
From JazzCash to Cashless – Hacker steals money from retailers’ mobile accounts
In a recent development that could undermine the government and private sector’s efforts towards financial inclusion, a fraudster siphoned off Rs15 lacs...
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...
How HSBC went kaput three times trying to establish a presence in Pakistan’s banking sector
LAHORE: Many foreign banks have forayed into Pakistan’s banking sector with aplomb in the last few decades, namely Citibank, Barclays, HSBC, Crédit...
A bank sold for just Rs1,000. Does it make any sense?
Profit demystifies the controversy over the sale of KASB Bank
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
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...
As inflationary pressures subside, is a rate cut on the horizon?
The central bank has released the MPC schedule, and the market is eagerly anticipating the decision on the policy rate
The cluelessness of Standard Chartered’s Pakistan strategy
Stand outside the branch of Standard Chartered Bank Pakistan on Karachi’s historic McLeod Road, and it is difficult to escape a sense...
HBL appoints renowned banker Muhammad Aurangzeb as President/CEO
LAHORE: Pakistan's largest bank Habib Bank Limited (HBL) revealed it has appointed Mr. Muhammad Aurangzeb as the President and CEO of the bank.
This...
HBL announces retirement of Dar as CEO, other appointments
Current CFO will assume responsibilities as acting CEO until a new appointment is confirmedÂ
HBL board establishes post of chief operating...
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...
FIA-CBC unearths fraud in DIBPL
KARACHI:Â Federal Investigation Agency Commercial Bank Circles (FIA-CBC) successfully unearthed a bank fraud in Dubai Islamic Bank Pakistan Limited (DIBPL) arresting three accused...
SBP clarifes Rs 500 notes without OVI flag legit
The State Bank of Pakistan (SBP) has clarified the authenticity of Rs 500 Banknote amidst a controversy circulating in certain sections of...