PTCL injects Rs 1 billion in U Bank
KARACHI:Â Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of Rs 1 billion in U Microfinance Bank Limited (U Bank), which...
SBP to brief Senate body on airline remittances, forex
ISLAMABAD: The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics Control would be briefed on Tuesday on foreign exchange remittances by...
Soneri Bank partners with FetchSky to upgrade banking services
LAHORE:Â Soneri Bank with its recent strategic alliances with FetchSky is bringing together the combined expertise of both the companies on one common...
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,...
Retired DMG officer Shahid Mehmood appointed Asian Development Bank ED
ISLAMABAD:Â Government on Thursday appointed Shahid Mehmood, a close aide of the defunct finance minister Ishaq Dar, as Executive Director (ED) Asian Development...
SBP’s reserves go down by $383m in last 15 days
KARACHI: The total reserves of the State Bank of Pakistan (SBP) declined by $383 million in the last 15 days as the country’s...
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...
Rana Afzal for resumption of banking ties, trade with Iran
ISLAMABAD: Pakistan’s Minister of State for Finance Rana Muhammad Afzal has expressed optimism for an early resumption of banking ties between Islamabad...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts...
FIA-CBC unearths fraud in DIBPL
KARACHI:Â Federal Investigation Agency Commercial Bank Circles (FIA-CBC) successfully unearthed a bank fraud in Dubai Islamic Bank Pakistan Limited (DIBPL) arresting three accused...
Advances grow by 17 per cent in 2017, ADR improves to 53 per cent
KARACHI:Â According to a research report by Topline Securities, advances of the banking sector grew by 17 per cent in 2017 while the...
Indonesia central bank warns over cryptocurrencies
JAKARTA: After China’s complete ban and American Securities and Exchange Commission’s warnings regarding cryptocurrencies, Indonesia’s central bank has issued a fresh warning...
State Bank’s efforts lauded globally
KARACHI: The State Bank of Pakistan (SBP) has been voted as the Best Central Bank in Promoting Islamic Finance by a poll...
CLSA, China’s largest investment bank keen to enter Pakistan’s banking sector
ISLAMABAD: One of China’s premier investment banks, Credit Lyonnais Securities Asia (CLSA) is keen to enter the country’s banking sector, as it...
Malik Riaz enters mortgage industry, completes acquisition of Escort Investment Bank
LAHORE:  Malik Riaz's Bahria Town has entered the mortgage industry fray after successful acquisition of Escorts Investment Bank Limited (EIBL).
Bahria Town has acquired...