Digital payments could bring $1.5 billion windfall to Karachi, says Visa study
KARACHI: Businesses, individuals, and government can stitch up savings of around $1.5 billion from the megapolis of Karachi alone if consumers adapt...
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
Wall Street eyes more gains from Apple, its $1 trillion stock
NEW YORK: Shares in Apple Inc edged higher on Friday but stayed close to the $1 trillion valuation milestone the iPhone maker reached...
Financial sector resilient despite tightening of macro-financial conditions: SBP report
KARACHI: The State Bank of Pakistan (SBP) has issued its flagship annual publication (Financial Stability Review, FSR) for the calendar year 2017...
Switzerland never offered to return Pakistanis’ assets in its banks: FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has refuted that Switzerland never offered to return even a single dollar of Pakistanis deposited...
HBL declares consolidated after-tax profit of Rs8b
KARACHI: Habib Bank Limited (HBL) on Thursday declared a consolidated profit after tax of Rs8.1 billion, with earnings per share for first half of...
Country’s dollar reserves jump by $1.339b to $17.079b
KARACHI: The dollar reserves of the State Bank of Pakistan (SBP) jumped by $1.339 billion during the last week and stood at...
MCB Bank announces financial results for half year ended June 30
LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on August 01, 2018 to...
Meezan Bank’s credit ratings upgraded to AA+/A-1+ by JCR-VIS
KARACHI:  JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of Meezan Bank Limited to ‘AA+/A-1+’ (Double A Plus/A-One Plus). JCR-VIS has...
Market Daily: KSE-100 down 844 points
LAHORE: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday after four days in the green. An international media agency...
Pakistan’s first digital nano loan launched by Telenor Microfinance Bank
KARACHI: In continuation of its efforts to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of...
Standard Chartered sees ‘minimal’ hit from U.S.-China spat as profits rise
Standard Chartered Plc, which gets most of its earnings from Asia, saw its retail banking income rise 9 percent on strong performances in Greater China and North Asia.
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the...
Mobile, branchless banking transactions are fully regulated: SBP
SBP stated retail agents were part of the distribution network of telecom companies which also work in conjunction with banks/MFBs via service level agreement to give financial services under the jurisdiction of BB Regulations notified
Attraction in tax amnesty scheme waning: Report
During July, the FBR has fetched around Rs3 billion in taxes under the tax amnesty scheme