Foreign investor’s see Pakistan as politically “chaotic”
KARACHI: Chief Investment Officer & Managing Director, Tundra Fonder Sweden Mr. Mattias Martinsson said foreign investors see Pakistan a touch chaotic in...
Dollar reserves of commercial banks exhibit 24 percent rise
KARACHI: Data available from State Bank of Pakistan for last 13 months till end of January 2018 revealed reserves held by commercial...
Disparity in open market, inter-bank exchange rates could encourage remittances to go via undocumented channels
KARACHI: The increasing gap in exchange rates between interbank and kerb markets stirred fears that remittances may go through undocumented channels.
Difference between...
Banking sector contributions to KSE 100 rise by 8.8pc in January
KARACHI: The banking sector remained the top contributor to the rise of 8.8 per cent in the benchmark index in January, according...
Malik Riaz’s Escorts Bank now compliant with SECP regulations
KARACHI: Bahria Town-owned Escorts Investment Bank Ltd (EIBL) told the stock exchange on Friday it is now compliant with the minimum equity requirement under...
Omni Group claims it is being politically victimised
ISLAMABAD: Omni group, an industrial, agricultural and service oriented group in Pakistan established in 1999, has claimed that it is being politically...
No objection regarding merger of Sindh Bank, Summit Bank: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Thursday during a meeting of Senate Standing Committee on Finance and Revenue, informed that it does...
SBP foreign exchange reserves decrease 2.2pc in a week
KARACHI:Â Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $13.23 billion on January 26, down 2.2 per cent from...
Bank of Azad Jammu & Kashmir business plan/budget for 2018 approved
MUZAFFARABAD: The services of Bank of Azad Jammu and Kashmir were appreciated in its 31st board meeting held here on Wednesday and...
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...
Rs432 billion disbursed in agri-credit sector during first half of FY 2017-18
KARACHI: Tariq Bajwa, State Bank of Pakistan Governor on Wednesday hoped the agriculture loan target of Rs1,001 billion for FY 2017-18 would...
Dollar demand remains high in open market
KARACHI: State Bank of Pakistan on Wednesday was apprised by currency dealers that demand of dollar in kerb market remains high.
In a...
Four bidders shortlisted for acquisition of SME Bank
ISLAMABAD: SME Bank Limited (SBL) has attracted four bidders interested in acquiring the bank as Privatization Commission opens the buy-side diligence of...
ITU Fintech Centre inks agreement with Karandaaz Pakistan
ISLAMABAD:Â Information Technology University (ITU) of Punjab and Karandaaz Pakistan entered into an agreement to initiate three research projects through the Fintech Centre...
SBP introduces annual foreign investment survey to log investment position details
KARACHI: State Bank of Pakistan on Tuesday introduced an annual foreign investment survey to obtain information for recording Pakistan’s balance of payments...