Banking sector remains sound & stable in Q3CY17: SBP

KARACHI: The Quarterly Performance Review (QPR) of the banking Sector for the quarter ended 30th September 2017, has been released by State Bank of...

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...

First-ever ‘perpetual’ bond listed on PSX

KARACHI: With the listing of a ‘perpetual’ bond on the Pakistan Stock Exchange (PSX) on Wednesday, Bank Alfalah has increased its additional tier-1 (ADT1) capital,...

FBR seeks info of account holders having deposits above Rs0.5m

The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits above Rs0.5...

Bank valuations not to be impacted by apex court decision

LAHORE: The decision on Tuesday by the Supreme Court to increase minimum rate of pension to Rs8,000 per month for banks won’t have an...

Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media

KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115 billion in...

Market Daily: PSX rallies up as rupee devalues

LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank decided to...

PM appoints Saeed Ahmad as President NBP

Prime Minister Mian Muhammad Nawaz Sharif has appointed Saeed Ahmad as President National Bank of Pakistan (NBP). Saeed has been serving as Deputy Governor...

State Bank proposes landmark policy to promote low-cost housing finance

KARACHI: The State Bank of Pakistan (SBP), after consultation with relevant stakeholders, has developed a draft policy for the promotion of low-cost housing finance...

BOP posts Rs3.57bn profit before tax

LAHORE: A meeting of The Bank of Punjab Board of Directors was held recently to consider and approve the unaudited financial statements for the...

KSE-100 index closes on a flat note

The Pakistan Stock Exchange (PSX) KSE-100 index lost 3.42 points or 0.01pc to close at 49,016.79. Trading at the bourse remained range-bound today in an atmosphere...

IT security, monitoring system to help avert hacking attempts: SBP

ISLAMABAD: A spokesperson of the State Bank of Pakistan (SBP) on Sunday, while speaking about the recent hacking attempts on banks said that focusing...

Master Motors approaches MoIP, seeking assistance for PTM approval from PSM: Report

The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security

Pakistan’s forex reserves decrease by $628mn in a week

The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.

Exim Bank to start functioning from December

The proposed Export-Import Bank (Exim Bank) is likely to start functioning by December, the Senate Standing Committee on Commerce was apprised on Wednesday. In...

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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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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...