Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE: The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...
Noor Financial divests another 0.85pc share in Meezan Bank
LAHORE: In a notification issued to the Pakistan Stock Exchange here on Monday, Meezan Bank disclosed that Noor Financial Investment Company had sold/divested...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
Turkey central bank ready to take ‘all necessary measures’ for stability
ISTANBUL: Turkey’s central bank on Monday announced it was ready to take “all necessary measures” to ensure financial stability after the collapse...
Islamic Banking Industry’s assets grow by 12.4pc
ISLAMABAD: The Islamic Banking Industry (IBI) has grown considerably as its assets witnessed a growth of 12.4 per cent by the end...
Pakistan’s forex reseves decrease by $74.70mn
According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at...
Digital banking, e-commerce witness unprecedented growth: SBP report
LAHORE: Although Pakistan’s banking system is known to be riddled with draconian procedures which force customers to sign a multitude of forms,...
Market Daily: KSE-100 rises 192 points to 42,924
LAHORE: The Pakistan Stock Exchange (PSX) witnessed another confused session as the indices were seen oscillating in both directions and the day...
Experts urge banks to collaborate with fintechs to provide better digital services
KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked...
Agri credit disbursement increased to Rs972.6b
KARACHI: Banks have disbursed Rs972.6 billion for the fiscal year 2017-18. The current year’s disbursement is 38.1 per cent higher than the...
Pakistan likely to borrow more than $4b from Saudi bank
ISLAMABAD: A Saudi-backed Islamic Development Bank (IDB) is poised to lend Pakistan more than $4 billion to revive the nuclear nation's depleting foreign...
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...
Summit Bank running its day to day operations well, clarifies SBP
KARACHI: The State Bank of Pakistan (SBP) on Wednesday clarified that National Institutional Facilitation Technologies (NIFT), which provides clearing services for banks,...
Summit Bank’s clearing operations to continue: SBP
KARACHI: The State Bank of Pakistan (SBP) has taken notice of misleading rumours spreading on social media regarding the clearing operations of...
SBP develops governance framework for overseas operations of banks
LAHORE: Amid the increasing scrutiny in which financial transactions within and outside the country take place, especially with Pakistan's placement in the...