Overseas Pakistani’s remit $3.9 billion in July-August of FY19
During August 2018, the inflow of worker’s remittances amounted to US$ 2037.33 million, which is 5.60 percent higher than July 2018 and 4.24 percent higher than August 2017
Sindh Bank and Summit Bank are merging. Who is the real buyer?
Allegations of money laundering and illicit payoffs continue to haunt this transaction, suggesting there may be more than a simple bank merger going on
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
Finance Minister chairs NEC meeting, reviews progress in AML & CFT
The NEC is a high-level body established to oversee both policy and implementation matters of the anti-money laundering (AML) and counter financing of terrorism (CFT) regime
OGDCL earns 78.736bn profit during FY2017-18
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has earned an after-tax profit of Rs78.736 billion during the financial year 2017-18 ended...
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...
SECP issues guidelines on AML/CFT Regulations, 2018
ISLAMABAD: In order to maintain the integrity of its regulated financial sector in respect to preventing and combating money laundering and terrorism...
JS Bank focusing on corporate, mortgage financing, says CEOÂ
KARACHI: The newly appointed Chief Executive Officer (CEO) of JS Bank, Basir Shamsie Friday said the bank is focusing on corporate and mortgage financing...
SBP to sell Rs5.15 trillion of MTBs & PIBs in Sep-Nov 2018
As per data released by SBP, commercial bank holdings in government securities posted a slight increase, touching Rs7.372 trillion at end of June 2018 against Rs7.363 trillion in the same period of last year
Foreign reserves held by SBP fall by $342mn
The total liquid foreign reserves held by the country stood at $16,369.7 million on 31 August 2018, according to the State Bank...
Meezan Bank announces 30pc growth in half-year financial results
KARACHI: The Board of Directors of Meezan Bank in its meeting, approved the Bank’s financial statements for the half year ended June...
Market Daily: Bears take over again as PSX loses 354.57 points
LAHORE: The Pakistan Stock Exchange for the second consecutive day failed to make a mark. Â The indices shed gains from the beginning...
NBP top of the profitability totem pole
New strategy makes NBP surge ahead in terms of earnings, despite key officials under a cloud
ISLAMABAD: Latest earnings reports of Pakistan’s top-five banks...
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...
Al Baraka Bank forms alliance with Honda Atlas to facilitate auto-finance
Al Baraka Bank Pakistan Ltd. (ABPL) has recently signed a Strategic Alliance Agreement with Honda Atlas Cars Ltd. Through this venture, Al...