MCB Bank profits plunge 14.03pc to Rs31.01bn
LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018, to...
Meezan Bank plans capital-boosting sukuk
SYDNEY: Meezan Bank, Pakistan’s largest sharia-compliant lender, aims to raise up to Rs7 billion ($63.34 million) through capital-boosting Islamic bonds, or sukuk, according...
Overall demand for loans rose during Q2 FY18, says: SBP
LAHORE: The State Bank of Pakistan released its “Bank Lending Survey” for quarter two FY 2018 on Thursday, with feedback from 18...
SBP issues Shariah compliant long-term financing facility for exporters
KARACHI: In order to provide a Shariah-compliant alternative of conventional Long Term Financing Facility (LTFF) to meet the long-awaited demand of exporters,...
Meezan Bank profits rise 13.5 percent for FY 2017
LAHORE: In a bourse notification filed Wednesday, Meezan Bank Ltd announced its financial results for the year ended December 2017, posting profit...
Bank valuations not to be impacted by apex court decision
LAHORE: The decision on Tuesday by the Supreme Court to increase minimum rate of pension to Rs8,000 per month for banks won’t...
Opposition assails govt’s in handout of agriculture loans to Punjab
ISLAMABAD: The government was assailed by the opposition on Tuesday in the National Assembly for its alleged favourable treatment in distribution of...
Branchless banking transactions fall 2.47 percent in July-Sep
KARACHI: Figures released by State Bank of Pakistan (SBP) for branchless banking transactions during July-September quarter of FY 2017-18 had fallen 1.47...
Patchamuthu Illangovan apprises Miftah Ismail regarding agreements worth $305m
ISLAMABAD: World Bank (WB) Country Director Patchamuthu Illangovan appraised Adviser to Prime Minister on Finance Miftah Ismail about agreements worth $305 million in...
NA committee rejects report on NBP promotion process
ISLAMABAD: Showing dissatisfaction over the report of State Bank of Pakistan (SBP) regarding misappropriation in the promotion process for National Bank of Pakistan’s...
Dubai Islamic Bank set to enter branchless banking category in June
KARACHI: Dubai Islamic Bank Pakistan (DIBP) is set to launch branchless banking in the country by June 2018, after an agreement was...
Faysal bank set to acquire 50 percent stake in Faysal asset management ltd
LAHORE: A bourse notification filed Thursday by Faysal Bank Limited disclosed its plan to acquire 50 percent shares in its associate Faysal...
WAPDA’s debt surged 331pc by end of December 2016: SBP
KARACHI: A recently released report by State Bank of Pakistan revealed Water and Power Development Authority (WAPDA), debt surged by 331 percent,...
SBP governor’s appointment from DMG poses questions regarding SBP’s autonomy
ISLAMABAD: The appointment of State Bank of Pakistan’s (SBP) governor from District Management Group (DMG) rather than from among the professionals having experience...
SBP freezes 5089 bank accounts on NACTA’s recommendation
ISLAMABAD: State bank of Pakistan (SBP) on the recommendation of National Counter Terrorism Authority (NACTA) has frozen 5089 banks accounts belonging to terrorist...