Islamic banking’s assets grew 2.8pc in Q12018

ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...

Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP

The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion

Indonesia central bank warns over cryptocurrencies

JAKARTA: After China’s complete ban and American Securities and Exchange Commission’s warnings regarding cryptocurrencies, Indonesia’s central bank has issued a fresh warning...

Experts urge banks to collaborate with fintechs to provide better digital services

KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked...

Successful bond float could help to rein in rupee depreciation

KARACHI: Pakistan’s successful bond float of $2.5 billion from international debt markets has raised prospects of pressure easing on the rupee, which...

Dubai Islamic Bank Group eyes Pakistan as a key growth market in 2017

A high-powered delegation which included Dubai Islamic Bank’s Group Chief Executive Officer Dr Adnan Chilwan, Board members and senior management held key...

Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

Swiss bank whistleblower arrested in Spain

MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...

SBP injects Rs720bn into the market

KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...

SBP governor stresses technology utilisation for agricultural productivity

Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officers KARACHI: State Bank of Pakistan (SBP)...

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...

Saving-investment gap during FY 2015-16 touched Rs3.385 trillion: SBP

KARACHI: A report titled “Sources & Uses of Funds by Non-Financial Private Corporate Sector in Pakistan” for year 2015-16 has been released...

PSX approves Byco Petroleum’s listing of Rs3,120mn Sukuk

The Pakistan Stock Exchange (PSX), according to a notification today on its website, has approved the Listing of the Privately Placed, Rated...

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...

Rupee closer to stability, says: SBP Governor

ISLAMABAD: State Bank of Pakistan Governor, Tariq Bajwa on Tuesday came forward on Tuesday three days after central banks decision for allowing...

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PRA collection registers 24pc growth in first half FY20

LAHORE: The Punjab Revenue Authority (PRA) has collected Rs53.2 billion during the first six months of the current fiscal (2019-20), posting an increase of...