Market Daily: KSE 100 sheds 4.52pc, highest weekly loss in 2018
KSE 100 closed at 41,624 points (-4.52 per cent WoW), highest weekly loss of 2018 amidst depleting foreign reserves and rising political noise ahead of general election 2018.
Thorough plan underway to take Pakistan out of FATF grey list
ISLAMABAD: The government of Pakistan has prepared a comprehensive plan to exclude the country from the grey list of the Financial Action Task...
Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP
The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion
JS Bank partners with Engro Foods to empower dairy sector
KARACHI: Working to build sustainable livelihoods for the people of Pakistan through monetary support and knowledge transfers, JS Bank has collaborated with...
Foreign airlines remit $ 1.5 billion from Pakistan in last two years
ISLAMABAD:Â During the last two years foreign airlines have taken out $ 1.5 billion in the form of remittances from Pakistan due to...
Telenor Pakistan to part ways with its brainchild Easypaisa
Easypaisa, Pakistan’s first Fintech payment gateway is parting ways with Telenor Pakistan, the company which found it back in 2009 and had...
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
Syed Amir Ali takes over as CEO of BankIslami
In April, BankIslami had announced Syed Amir Ali would be appointed as the new CEO of BankIslami in place of Hasan A. Bilgrami.
New database developed to help Pakistan out of FATF Grey List
For the past month, banks and other financial institutions in Pakistan have been using a domestic politically exposed persons (PEP) database to...
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...
Easypaisa facilitates customers with bio-metrically verified swift, secure transactions
KARACHI: Pakistan’s first and foremost branchless banking platform Telenor Microfinance Bank’s Easypaisa is helping its customers make safe and secure financial transactions...
HBL appoints renowned banker Muhammad Aurangzeb as President/CEO
LAHORE: Pakistan's largest bank Habib Bank Limited (HBL) revealed it has appointed Mr. Muhammad Aurangzeb as the President and CEO of the bank.
This...
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...
Coronavirus: SBP will not issue new currency notes for Eidul Fitr
KARACHI: In view of the coronavirus outbreak, the State Bank of Pakistan (SBP) on Monday announced to not issue fresh currency notes...
The Turnaround King
The career of a banker typically starts from an entry level position and consists of many shifts that include working at a...