US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank...
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
Pakistan uses up Chinese trade financing facility to repay debt
In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.
HBL granted ‘member’ status under SCO IBA Framework
KARACHI: Habib Bank Limited (HBL) is proud to be officially granted the status of a member bank, during the 14th council meeting of...
KASB Bank shareholders seek Rs14b compensation
Negative valuation AF Ferguson dubbed as mala fide
Promising eBanking growth witnessed due to rise in economic activity
LAHORE: Although it is riddled with debt and inflation, Pakistan's economy is growing in terms of financial and economic activity. Rapid advances...
Market Daily: KSE 100 starts positive, increases by 381.10 points
LAHORE:Â The Pakistan Stock Exchange (PSX) marked a positive beginning to the week. The weekend brought in the news of a smooth transfer...
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation
Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.
Noor Financial divests another 0.28 percent share in Meezan Bank to foreign buyers
Meezan is Pakistan’s biggest Islamic bank with a retail banking network of more than 600 branches in more than 150 cities of the country.
Ali Jehangir Siddiqui resigns as chairman of JS Bank’s board of directors
The appointment of Ali Jehangir Siddiqui, prime minister’s special assistant, to such an important position drew strong criticism from some opposition parties as well as career diplomats
Monetary policy reveals major economic challenges, says ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said the recently announced tight monetary policy will provide some breathing space...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
IMF to incorporate Islamic finance to market surveillance in 2019
Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF