ADB, partners review financial preparedness for disaster response in Pakistan
ISLAMABAD: The Asian Development Bank (ADB), the Department for International Development (DFID) of the United Kingdom, and German development cooperation through KfW...
Bank Alfalah denies reports of it being sold
Senior journalist, Syed Talat Hussain had claimed that "Russia" is buying Bank Alfalah.
Earnings season at PSX fails to spark investor interest
LAHORE: Earnings season at the Pakistan Stock Exchange (PSX) has somewhat failed to spark investor interest mainly on the back of political...
One in five financial institutions consider cryptocurrency trading, survey says
LONDON: One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by an international news agency...
Mohsin Ali Nathani appointed President/CEO of Habib Metropolitan bank
LAHORE: Habib Metropolitan Bank Limited in a stock exchange notification on Monday announced the appointment of Mohsin Ali Nathani as President and...
Islamic banking investments rise 1.8pc in Oct-Dec
ISLAMABAD: Net investments of the Islamic banking industry have recorded an increase of 1.8 per cent (Rs9 billion) during the quarter from...
SBP’s role in BankIslami-KASB bank merger was “breaches of statutory duty”: SHC
LAHORE: The Sindh High Court (SHC) has directed the State Bank of Pakistan (SBP) to re-examine the valuation of the defunct KASB...
Australia’s largest wealth manager ousts CEO amid fee scandal
LONDON: The head of Australia's largest wealth manager has resigned after the company admitted lying to regulators for more than a decade.
AMP...
Bank of Khyber profits surge by 25pc to Rs447.711 million
LAHORE: The Bank of Khyber (BOK) in a notification to Pakistan Stock Exchange (PSX) on Friday, released its financial results for the period...
Market Daily: KSE 100 down 812.52 points WoW basis
LAHORE: The KSE 100 index continued its northbound move during early trading as inertia from the previous session kept bulls in control...
SBP injects Rs155 billion into market
KARACHI: The State Bank of Pakistan (SBP) on Thursday injected Rs155 billion into the market for one day, as reverse repo purchase...
Bank Al-Habib expands into Kenya, opens representative office
LAHORE: Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been...
How HSBC went kaput three times trying to establish a presence in Pakistan’s banking sector
LAHORE: Many foreign banks have forayed into Pakistan’s banking sector with aplomb in the last few decades, namely Citibank, Barclays, HSBC, Crédit...
Meezan Bank announces Rs2.34bn Q32018 profit after tax
LAHORE: Meezan Bank in a notification to the Pakistan Stock Exchange (PSX) released its financial results for the quarter ended March 31,...
Govt, Meezan Bank working on a 10-year Shariah-compliant bond
LAHORE: The Government of Pakistan and Meezan Bank are working together to introduce a Shariah-compliant version of the 10-year bond, revealed an article...