AGP says BankIslami-KASB bank merger resulted in Rs3.5 billion loss to national exchequer
LAHORE: Â A recently released report of the Auditor General of Pakistan (AGP) office has again alleged the BankIslami-KASB bank merger caused around...
Japan on the road to cryptocurrency licensing
TOKYO: Four years after popular Tokyo-based bitcoin exchange Mt Gox was hacked and went bankrupt, the case still casts a shadow over...
Supreme court halts Sindh Bank-Summit bank merger citing irregularities
KARACHI:Â The Supreme Court of Pakistan on Saturday stopped the merger of Sindh Bank and Summit Bank till further orders and issued notices...
Housing finance in Pakistan to become accessible, affordable: World Bank
ISLAMABAD:The World Bank on Friday approved $145 million to expand home ownership including women and the poor through access to affordable housing...
SBP’s monetary policy committee maintains interest rate at 6pc
KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to maintain the benchmark interest rate at 6...
Market Daily: Key policy rates remain unchanged, indices settle positive
LAHORE: On its last trading day of the week, the KSE 100 index witnessed a range bound session amid significant drop in...
Soneri Bank to raise Rs4 billion TFCs to bolster capital requirements
LAHORE: A stock market notification sent to the bourse Friday by Soneri Bank disclosed that it was going to raise Rs4 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...
SBP expected to hike interest rates by 25 to 50 basis points for next two months
KARACHI: The State Bank of Pakistan on Friday is expected to hike the interest rates for coming two months in its monetary...
First-ever ‘perpetual’ bond listed on PSX
KARACHI: With the listing of a ‘perpetual’ bond on the Pakistan Stock Exchange (PSX) on Wednesday, Bank Alfalah has increased its additional tier-1...
PM appoints Shaukat Tarin to head reconstituted EAC
ISLAMABAD: Ex-Finance minister Shaukat Tarin has been appointed to lead a reshuffled 13-member Economic Advisory Council (EAC) for providing government advise on...
Pakistan prepares to open banking channel with Iran
ISLAMABAD: While Pakistan remained cautioned and reluctant to increase trade ties with Iran during the past four years because of international trade sanctions...
Devaluation to hit poor, boost profits for influential sectors: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday said devaluation will increase the burden on poor, increase foreign debt and liabilities while...
Banking spread shrinks to historic low
KARACHI: In a surprising development, the average banking spread shrank in February despite a hike in the benchmark interest rate at the...
G20 to monitor crypto-currencies, keen to regulate industry
BUENOS AIRES:Â The top 20 economies of the world have agreed to keep an eye on cryptocurrencies and financial policymakers are keen to...