Shahbaz Jameel appointed as ZTBL president
In pursuance of the Federal Cabinet’s decision, Muhammad Shahbaz Jameel, a senior banker, has been appointed as the president & CEO of...
ADB approves $50m additional contribution to expand CGIF’s operations
ISLAMABAD: The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee...
BOP president fails to get FPT clearance from SBP
The request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as president/CEO of the Bank...
No change in instructions on purchase of foreign currency notes by banks: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) has clarified that there was no change in instructions regarding the purchase of foreign currency...
HBL, CRBC sign accord for development of Rashakai SEZ
HBL and China Road & Bridge Corporation (CRBC) recently signed a memorandum of understanding (MOU) at the HBL office in Karachi.
Under the...
FBR chief asks banks to collect details of benami accounts themselves
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has asked all banks in the country to collect details of 'benami' accounts of...
ADB holds consultative session on country partnership strategy
LAHORE: The Asian Development Bank (ADB) on Wednesday held a consultative session on the ADB Country Partnership Strategy (2020-2024).
ADB Pakistan Country Director...
Twitterati tells Meezan Bank to ‘Netflix and chill’
Meezan Bank recently disallowed
the payment for Netflix application, calling it “non-Shariah compliant”.
The bank’s decision has left many of its customers, who...
SBP reserves drop 0.13pc despite Qatar aid
The foreign exchange reserves held by the
central bank decreased by 0.13pc on a weekly basis, despite receiving $500
million in inflows from Qatar,...
Expats allowed to operate bank accounts without biometric verification
ISLAMABAD: The State Bank of Pakistan (SBP) has allowed the expatriates to continue operating their bank accounts in the country without biometric verification...
SBP issues directives to banks regarding Assets Declaration Ordinance
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued directives to all banks to incline their operations to the newly-issued Assets Declaration...
After Standard Chartered, Bank Alfalah launches app for biometric verification
After the launch of a biometric verification app by the Standard Chartered Bank earlier this month, another leading bank from the finance...
Second Pakistan energy sukuk worth Rs200bn launched to pay circular debt
Earlier, in March, the government issued the first tranche of bonds worth Rs200 billion and Meezan Bank was the largest investor in the Sukuk with the participation of Rs88 billion
Nothing has been decided yet, ADB announces
The Asian Development Bank (ADB) has distanced itself from the recent announcement of the government that it was furnishing budgetary support in...
FBR receives data of withholding taxes from banks
People asked to disclose undeclared bank accounts under amnesty scheme by June 30
ISLAMABAD: The Federal Board of Revenue (FBR) has received details...