UBL sees no potential compliance irregularity
KARACHI: United Bank Limited (UBL) has limited its operations in New York, according to a research report issued by a brokerage on...
Income tax exemptions for inward remittances be limited to Rs10m annually: SBP
ISLAMABAD: A presentation by State Bank of Pakistan to Senate Standing Committee on Finance suggested income tax exemption available for inward remittances...
Computerisation of 223 National Savings centres completed to facilitate investors
ISLAMABAD: National Savings has completed the automation and computerisation of its 223 centres to facilitate investors and ensure more effectiveness in execution...
Rise in internet and mobile banking witnessed
ISLAMABAD: A remarkable growth in internet and mobile banking has been witnessed through a rise in banking services through advanced and convenient...
WB to launch prosperity fund for Pakistan on Friday
ISLAMABAD: The World Bank (WB) in collaboration with United Kingdom (UK) Prosperity Fund would formally launch prosperity fund for Pakistan for the...
FPCCI appoints Muhammad Kamran Saleem as Takaful Standing Committee Chairman
KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Pak-Qatar Takaful Group (PQTG) Chief Financial Officer (CFO) and...
Market Daily: KSE 100 plunges 707.85 points intraday
LAHORE: The Pakistan Stock Exchange (PSX) did not perform on Tuesday as investors lacked positive triggers. Moreover, sentiments looked bearish as Adviser...
Sirajuddin Aziz joins Habib Bank AG Zurich as Group Financial Institutions CEO
KARACHI: Sirajuddin Aziz has been elevated as the Group Financial Institutions CEO, along with being entrusted with other responsibilities, in Habib Bank...
Khushhali Microfinance Bank posts 40pc increase in pre-tax profits
KARACHI: Khushhali Microfinance Bank Limited (KMBL) posted its financial results for the year 2017 on February 14, 2018, in Islamabad, posting appreciable...
PICIIP an important initiative for development of Sialkot, Sargodha, RYK: Kiyoshi Nakamitsu
LAHORE: Punjab Intermediate Cities Improvement Investment Programme (PICIIP) is an important initiative for the composite development of Sialkot, Sahiwal, Rahim Yar Khan,...
OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
Govt allows PSO to import furnace oil for power sector after three-month ban
ISLAMABAD: The government lifted a three-month ban on import of furnace oil as it directed state-owned Pakistan State Oil to ensure import...
Being put on FATF list, may spike up banks foreign transaction costs
KARACHI: Pakistani banks could see a major spike in costs of their foreign transactions if the country is put on the international...
SWIFT makes headlines as hackers steal $6mn from Russian bank
MAGNITOGORSK: Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international...
SECP adopts three AAOIFI Shariah Standards
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah Standards of the Accounting and Auditing...