BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.
SBP issues directives to banks over breach of payment cards
KARACHI: As a result of the security breach of payment cards and their unauthorized use on different delivery channels i.e. at ATMs...
Bank Alfalah profits rise 21% YoY, touch Rs8.8b for nine months of 2018
Net financial income (NFI) grew by 9% YoY during nine months of the current year because of a healthy rise in foreign income
SBP’s forex reserves slip below $8b for first time in almost five years
The forex reserves of the central bank amounted to $7.825 billion, whereas net foreign reserves with commercial banks were recorded at $6.478 billion
FIA report says lackadaisical attitude could cost Pakistan dearly with FATF
FIA has told the prime minister that due to a poor response of the departments linked to APG, the position was bleak for Pakistan and is presently in jeopardy of being moved into the blacklist category
Jameel Ahmad reinstated as deputy governor, SBP for three years
He has been working with the central bank for almost twenty-seven years and he joined back in 1991
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)...
Bank Al Habib declares pre-tax profit of Rs9.92 billion
The Board of Directors of Bank AL Habib Limited announced the financial results of the Bank for the nine months period ended...
Foreign reserves decrease by $219m due to external debt servicing
The total liquid foreign reserves held by the country stood at $14,613.9
million on 12 October 2018.
The foreign reserves held by the State...
Digitization enabling macroeconomic growth for Pakistan: SBP report
LAHORE:Â The State Bank of Pakistan (SBP) in its annual report on the state of the economy has said that with the help...
HBL president suggests export-based model for sustainable future
 ‘CPEC will ultimately create a long-term positive effect on the balance of payments’
Habib Bank Limited (HBL) President and CEO Muhammad Aurangzeb...
SBP’s foreign reserves decline by $101mn
The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.
Foreign reserves held by the State...
Rupee rebounds by Rs1.87 against dollar in inter-bank market
This was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
Rupee regains Rs2 against greenback in open market
This is the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 27 percent of its value against the greenback
Remittances climb up by 13 percent to $5.419b during first quarter of FY19
Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19