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 31 March...

Two Pak companies set to establish digital payment gateway

KARACHI: Two technology firms in Pakistan have joined hands to establish a local online payment gateway system to take a share in the growing e-commerce...

Private sector credit touches Rs4.683 trillion during July 2017: SBP

Karachi: State Bank of Pakistan (SBP) on Tuesday released data about private sector’s outstanding credit to reach Rs4.683t from Rs3.922t in same period last...

Govt loans from central bank soar to record high of Rs5.4 trillion

During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion

Market Daily: Waning investor confidence leads to PSX losing 411.62 points

LAHORE: The final day of the week saw investors opting out of the market. Indices added on to the losses as the benchmark KSE...

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

Bank of China allowed to commence banking operations in Pakistan

KARACHI: State Bank of Pakistan (SBP), has given approval to the Bank of China Limited (BCL), for commencement of its banking business in Pakistan.Earlier, SBP...

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...

UBL announces 50pc decline in YoY earnings

United Bank Limited (UBL) announced earnings Thursday for the nine months calendar year 2018 (9MCY18) at Rs9.7 billion depicting a year-on-year (YoY) decline of...

Retired DMG officer Shahid Mehmood appointed Asian Development Bank ED

ISLAMABAD: Government on Thursday appointed Shahid Mehmood, a close aide of the defunct finance minister Ishaq Dar, as Executive Director (ED) Asian Development Bank (ADB).The...

FATF terms Pakistan’s progress ‘limited’, calls for swift completion of action plan

It directed Pakistan to demonstrate that remedial actions and sanctions be applied in cases of AML/CFT violations and that these actions have an effect on AML/CFT compliance by financial institutions

Govt raises Rs 284b through t-bills

The government managed to raise Rs 284b at an auction of market treasury bills (t-bills) on Wednesday, rejecting bids for 12-month papers and only...

Bank Al-Habib expands into Kenya, opens representative office

LAHORE: Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been granted the...

NBP announces 46pc after-tax profit in half-yearly results

In a meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) which was held on August 30, 2018, at the...

MCB Bank announces financial results for half year ended June 30

LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on August 01, 2018 to review the...

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