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...
IBP honors Khushhali Microfinance Bank’s president with fellowship
KARACHI: Ghalib Nishtar, President of Khushhali Microfinance Bank (KMBL), has been honored with the ‘Certificate of IBP Fellowship’ by the Institute of...