New Shariah standards adoption will increase availability of sukuk instruments: Moody’s
LAHORE: Moody’s on Thursday said the adoption of new Shariah standards would help widen the issuer base and increase the availability of...
The journey of Pakistan’s first female banking CEO
LAHORE: Sima Kamil, the first woman CEO of a big Pakistani bank has defied the odds of a male-dominated banking sector to...
UBL profits down 63pc to Rs2.79bn
LAHORE: United Bank Limited (UBL -33 per cent) in a notification to Pakistan Stock Exchange (PSX) on Wednesday, released its financial results...
Bank Al Habib declares pre-tax profit of Rs3.40 billion
The Board of Directors of Bank AL Habib Limited announced the financial results of the bank for the three months period ended...
Bankers meet Miftah Ismail, share budget proposals for banking sector
ISLAMABAD: A delegation of Pakistan Bankers Association had a meeting with the Adviser to the Prime Minister on Finance, Miftah Ismail here...
SBP’s informal ‘currency controls’ major hurdle in sale of Bank Alfalah, Meezan Bank and Faysal Bank
LAHORE:Â As foreign owners look to sell off their stakes in three major Pakistani banks to local buyers, the State Bank of Pakistan...
NBP committed to housing sector finance: NBP President
KARACHI: The President and CEO of National Bank of Pakistan, Saeed Ahmad,
reaffirmed the commitment of NBP to grow and develop housing sector...
Gulf investors seek exit opportunity from Pakistan’s banking industry
LAHORE:Â After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking...
Three major banks are up for sale. Who will buy them?
For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is...
SC extends restraining orders against merger of Summit, Sindh Bank
KARACHI: The Supreme Court (SC) on Saturday extended its restraining order regarding the merger of Sindh Bank and Summit Bank until further...
PMRC to provide banks long term fixed rate housing finance
KARACHI: Newly established Pakistan Mortgage Refinance Company (PMRC) will provide banks with long-term funding at fixed rates to promote housing finance.
Speaking at...
Revision in foreign currency account law could rein in demand of dollar in kerb market
KARACHI: The promulgation of a revised Protection of Economic Reforms Act (PERA) 1992 earlier this week has been appreciated by experts, which...
Govt, ADB sign deals worth $375mn to improve irrigation, public-private partnership in Punjab
ISLAMABAD:Â The Asian Development Bank (ADB) and the Government of Pakistan on Friday, signed two loan agreements totaling $375 million to improve irrigation...
SBP prohibits remittances in foreign currency accounts of non-filers
KARACHI: The State Bank of Pakistan (SBP) on Thursday advised the authorized dealers in foreign exchange to adopt the Protection of Economic...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP)...