Rayomond Kotwal takes helm as acting CEO, Habib Bank Limited
KARACHI: Habib Bank has notified Rayomond Kotwal as acting chief executive in place of current CEO Nauman Dar who is set for...
SBP drafts regulations for EMIs
These regulations outline minimum requirements for establishment and operations of EMIs
Bank Alfalah, Al Huda CIBE join hands to promote Islamic Banking
Bank Alfalah and Alhuda Center of Islamic Banking and Economics (CIBE) have signed a memorandum of understanding (MoU) to encourage Islamic Banking...
NBP profits soar up by 73.65pc for third quarter 2017
KARACHI: In a notification sent to the bourse on Friday, National Bank of Pakistan reported its earnings for the first nine months...
All set for World Islamic Finance Forum
KARACHI: World Islamic Finance Forum (WIFF) 2018 is to be held on March 19 and 20, 2018. AAOIFI Board of Trustees Chairman...
Pakistan’s banking sector advances in 2017 grew 17 percent
KARACHI: A Topline Security report has revealed Pakistan’s banking sector advances during 2017 rose 17 percent to reach Rs6.53 trillion.
According to the...
Spotting the fake Quaid in M1
Sana Saif, a housewife, recently opened an account in Meezan Bank and made a visit to her branch, adjacent to her apartments,...
Noor Financial divests another 0.85pc share in Meezan Bank
LAHORE:Â In a notification issued to the Pakistan Stock Exchange here on Monday, Meezan Bank disclosed that Noor Financial Investment Company had sold/divested...
JS Bank focusing on corporate, mortgage financing, says CEOÂ
KARACHI: The newly appointed Chief Executive Officer (CEO) of JS Bank, Basir Shamsie Friday said the bank is focusing on corporate and mortgage financing...
Pak Oman purchases AIML’s 100pc share from Askari Bank
The Pak Oman Asset management Company Ltd (Pak Oman) will acquire 33.5 million or 100 per cent shares of Askari Investment Management...
KSE-100 index posts 7.8% YoY increase in profit for nine months of 2018
Profitability of KSE-100 index increased by 0.8% YoY during the third quarter of 2018
BankIslami lost $6m within 23 minutes in cyber attack
Finance Minister Asad Umar says according to SBP, no other bank had reported hacking of customers' data
SBP’s foreign reserves decline by $101mn
The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.
Foreign reserves held by the State...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Market Daily:Â Ongoing rally sees KSE-100 rake in 2,130 pointsÂ
The Pakistan Stock Exchange (PSX) continued its winning streak as the equity market stretched Wednesday’s rally, gaining 898 points (2.19 per cent) to close the day at 41,796.