HBL suffers after hefty fines, declares profits down 77pc YoY
LAHORE: Habib Bank Limited (HBL) posted its consolidated net profit after tax of Rs7.83 billion, with earnings per share of (EPS) Rs5.34...
Habib Metro shows how (not) to compete against the big boys and win
Habib Metro is a boring, unexciting bank. It’s neither big nor small. Nobody uses its credit card. It won’t serve you if...
High-level Iranian delegation to visit Islamabad to hold 4th round on FTA
ISLAMABAD: The fourth round of the Free Trade Agreement (FTA) between Pakistan and Iran is to be held in April when a...
Russia’s central bank contemplating injecting $17 billion in two bailed-out banks
MOSCOW: Russia’s central bank is considering pumping more than 1 trillion rubles ($17 billion) into two banks it first bailed out last...
PAC orders investigation into KPT financial affairs, Rs45 billion investment portfolio
ISLAMABAD: Public Accounts Committee (PAC) has directed the Auditor General of Pakistan (AGP) to take record of Rs45 billion of Karachi Port...
External debt servicing hampers country’s foreign reserves positionÂ
KARACHI: The State Bank of Pakistan (SBP) Thursday said that the total liquid foreign reserves held by the country stood at $18,240.4...
CJP questions if SC could enforce ban on opening of foreign currency accounts
ISLAMABAD: A hearing held in the apex court on Wednesday saw Chief Justice Pakistan Saqib Nisar asking if it was possible for...
Govt opposes abolishment of secrecy for foreign currency account holders
ISLAMABAD: The suggestions put forth by the apex courting limiting movement of foreign currency within the country and abolishment of secrecy for...
Bank deposits rose 11.63 percent by end-February: SBP
KARACHI: Figures outed by State Bank of Pakistan (SBP) on Wednesday revealed bank deposits rose 11.63 percent to Rs11.880 trillion by end...
Global Forum on Islamic Finance 2018 held at COMSATS
LAHORE:Â Islamic finance professionals, academics and researchers on Tuesday gathered at the Global Forum on Islamic Finance (GFIF) 2018, a two-day conference organised...
NSS mobilises savings worth Rs3.27bn, down 86.4pc
KARACHI:Â Savings mobilised by the National Savings Schemes (NSS) amounted to Rs3.27 billion in January, down 86.4 per cent from a year ago.
According...
World’s largest fintech partners with Telenor Microfinance Bank to offer mobile payments, digital services
KARACHI: Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group in Pakistan, where Ant Financial will invest $184.5million...
Value of e-banking transactions registers quarterly growth of 28pc
KARACHI: Digital banking channels processed 186.7 million transactions worth Rs11.7 trillion in Oct-December 2017, according to data released by the State Bank...
Cash is far from dead and use is rising: BIS
LONDON (Reuters): Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza...
Pakistan Iran business forum to be held in Karachi
ISLAMABAD: While there still are many stumbling blocks in improving trade between Iran and Pakistan, a high powered business delegation of Iran...