Basir Shamsie to helm JS Bank as President and CEO
LAHORE: JS Bank’s board of directors have appointed Basir Shamsie as the new President and CEO of the bank replacing the former...
SBP adheres to SHC order, invites KASB shareholders to register complaints
KASB was sold for a mere Rs1000, while Sindh High Court termed SBP’s role in the BankIslami-KASB merger as a “breach of statutory duty.”
Market Daily: Political uncertainty, Nawaz Sharif’s remarks wreak havoc at PSX
LAHORE: The session left a trail of blood on the streets as market bulls were ripped to shreds in the wake of...
Bank Alfalah selling Afghanistan operations to Azizi bank
In April, Bank Alfalah in a notification sent to the stock exchange had denied rumours that the bank had been sold
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
Sindh Bank-Summit Bank amalgamation not to go ahead without SC approval
The merger of Sindh Bank-Summit Bank has come under scrutiny due to alleged financial irregularities
SBP asks for FIA, FBR’s assistance to control forex smuggling
A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
Senate panel advises to loosen curbs on non-filers in car, property purchases
The Senate panel suggested non-filers of income tax returns to be given permission for buying or importing cars up to 1,000cc with the target to assist the middle-income group
ECAP asks central bank to scrap Pakistan remittance initiative
ECAP backed the embargo enforced by the Dubai government and said it shouldn’t be reversed
SBP injects Rs1,070 billion into money market
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,070 billion into money market for seven days as reverse repo purchase through its...
Meezan Bank partners with IoBM to launch MBA focused on SME banking
KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank, and the Institute of Business Management (IoBM) from Karachi recently signed a Memorandum...
JS Bank denies claims regarding deposits made by CAA worth Rs5bn
Following an article published in Pakistan Today on March 23, 2018, titled, “CAA deposits Rs5bn in Ali Jehangir Siddiqui’s JS Bank, violating Finance Division’s Rules”, JS Bank has issued a rebuttal denying all claims and facts presented.
Market Daily: Indices continue to bleed, shed 640.19 points intraday
The KSE 100 index had a huge fall, chopping off 640.19 points to fall to intraday low of 44,556.18. it settled with a loss of 1.01 per cent or 449.74 points at 44,746.63.
Super-tax will continue being a drag on bank’s profits: Moody’s
Moody's says the extension of super-tax for banks is a credit negative move