IFC, SBP to boost green banking
KARACHI: International Finance Corporation (IFC), the World Bank's private sector investment arm and the State Bank of Pakistan (SBP) on Wednesday signed...
Government to send NBP president packing
The federal government on Tuesday decided to remove National Bank President Saeed Ahmad Khan from his post amid corruption allegations against him.
The...
Soneri Bank’s half-yearly profits increase by 20.2 pc
Soneri Bank Limited’s profits for the half-year ended on June 30, 2018, have increased by 20.2 per cent as the company reported...
IGI Life reports massive 70pc decline in half-yearly profits
IGI Life insurance reported a 70 per cent drop in half-yearly profits due to a reduced net premium/contribution revenue.
In a Board of...
Jahangir Siddiqui & Co’s profits decline by 3.12pc
Jahangir Siddiqui & Co. Ltd’s profit for the half year ended June 30, 2018 has declined by 3.12 per cent over the...
SBP denies rumors of issuing new design of banknotes
KARACHI: Reference the news items circulating in social media regarding the issuance of new design banknotes of different denominations, the State Bank...
Market Daily: KSE-100 drops 201 points amid uncertain economic conditions
LAHORE: It was another dull day with low market participation. Indices swayed in both directions in the morning, but late selling forced...
Bank Alfalah posts impressive half-year results, with profit before tax at Rs10.008 billion
KARACHI: The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on
26 August 2018, approved the Bank’s unaudited...
Standard Chartered profits grow 3 percent YoY, touch Rs5.2 billion in 1st half of 2018
SCB posted strong growth in advances by 12 percent from the start of this year and client revenue rose by 10 percent YoY
Net foreign selling declines by 20pc
KARACHI: Foreign investors were seen to be net sellers in the capital markets for the week ending August 17, 2018, but with...
Credit Suisse named Pakistan’s best investment bank by FinanceAsia, Euromoney
Credit Suisse has announced that it has been named Pakistan’s Best International Investment Bank by FinanceAsia in its 2018 Country Awards for...
Pakistan borrows $439.17m in July to maintain foreign reserves
ISLAMABAD:Â Pakistan has borrowed $439.17 million in the first month of the current fiscal year to keep its foreign reserves above the two...
SBP to increase financial assistance for SMEs
ISLAMABAD: The State Bank of Pakistan (SBP) has set a target of increasing financial inclusion of SMEs from the current six to...
Market Daily: PSX off to a positive start as market gains 157 points
LAHORE: The Pakistan Stock Exchange (PSX) started the week on a positive note. The indices moved uphill from the word go and...
Forex update: Pakistan’s forex reserves stand at $16,722.8mn
LAHORE: According to a notification issued by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country...