Currency swap agreement with Pakistan on horizon: Iranian Ambassador
From July-March of the current financial year 2017-18, trade figures registered a fall as imports from Iran were recorded at $5 million compared to exports of $17.155 million, as per Ministry of Finance figures
Super-tax may erode 7 percent of bank earnings in 2018: Report
HBL and UBL could be severely impacted due to the recent upsurge in loan losses on their foreign books and lower coverage, said Taurus Securities
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
HBL appoints new President and CEO
KARACHI: Habib Bank Limited (HBL), the largest bank in Pakistan has announced that Muhammad Aurangzeb has joined the bank as the President and...
Market Daily: KSE 100 drops 117.91 points, settles at 45,488.86
LAHORE: The Pakistan Stock Exchange (PSX) opened the first trading session after the announcement of the Budget 2019 on a positive note....
A bank sold for just Rs1,000. Does it make any sense?
Profit demystifies the controversy over the sale of KASB Bank
How paramilitary helped Advans Bank double its size in one year
As peace returns to Karachi, losses spread over half a dozen years are now consigned to the past
Iran local cryptocurrency project on track despite ban by central bank
DUBAI: Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country’s central bank banned trading...
Govt to increase duties on 7,000 imported items, gradual elimination of super tax
Finance bill documents indicate that Federal Board of Revenue (FBR) has suggested decreasing the advance tax on banking transaction for non-filers by 0.4 per cent permanently.
Budget 2018-19: KCCI members appreciate business friendly, ‘political’ budget
KARACHI: The federal government of Pakistan, through its State Minister and Advisor to the Prime Minister on Finance, Miftah Ismail presented its 6th budget...
PAC urges apex court to take action against KASB merger
PAC is the fourth institution following NAB, AGP, SHC to call the BankIslami-KASB bank merger into question
FBR contemplates abolishing incentive on overseas loans
KARACHI: The tax regulator is contemplating to abolish an incentive given to banks on advances through their foreign branches.
According to sources in...
Barclays, PayPal announce partnership, as big banks mull big tech threat
LONDON: British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their...
Standard Chartered Bank to play key role in second phase of CPEC
ISLAMABAD: Standard Charter Bank (SCB) on Wednesday announced to play a key role in the second phase of the China-Pakistan Economic Corridor...
Market Daily: Investors in dire need of positive triggers, KSE100 sheds 158.36pts
LAHORE: The Pakistan Stock Exchange (PSX) saw a weal session of trading before Economic Survey 2017-18 is unveiled on Thursday. It was...