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...
SBP verbally agrees to withdraw import restriction limit of 35pc on US Dollar
KARACHI: State Bank of Pakistan on Tuesday verbally took back a notification which restricted import of dollars up to 35 percent and...
Rana Afzal denies Dar’s $200bn Swiss banks money claim
ISLAMABAD: State Minister of Finance and Economic Affair Division Rana Afzal on Tuesday denied that Pakistani nationals had kept $ 200 billion...
SBP approves CNY for bilateral trade, investment activities
KARACHI: The State Bank of Pakistan (SBP), in the capacity of the policymaker of financial and currency markets, has taken comprehensive policy...
Share of Shariah-compliant assets steadily rising
ISLAMABAD: Growing at a fast rate, Shariah-compliant assets now represent 34.6 per cent of the total assets of the Non-Banking Financial Institute...
Market Daily: PSX dances to New Year, settles on a high
LAHORE: The Pakistan Stock Exchange (PSX) swayed like a seesaw, touching its intraday low of 40,169.92 points, down by 302 points or...
NBP appointment policy issue referred to SBP for investigation
ISLAMABAD: The National Assembly’s Standing Committee on Finance, Revenue, Economic Affairs Friday decided to refer the National Bank of Pakistan’s (NBP) new...
As BOP hunts for new president, SBP shares its views regarding potential candidates
LAHORE: Â State Bank of Pakistan has voiced reservations over the appointment of Naeemuddin Khan, President Bank of Punjab.
Although, it is highly likely...
Profit, dividend repatriation increased 28.9 percent during July-Nov 2017
KARACHI: State Bank of Pakistan on Wednesday released data pertaining to profit and dividend repatriation on foreign direct investment (FDI) which rose...
Low financing to SMEs despite cut in policy rate: APBF
KARACHI: All Pakistan Business Forum has urged the commercial banks to improve its financing for small and medium enterprises (SMEs) sector which...
Banks to remain closed for public on January 1st
ISLAMABAD: The State Bank of Pakistan (SBP) has announced to observe a bank holiday on January 1, 2018, and will remain closed...
NBP president inaugurates Islamic banking branch in Chitral
KARACHI: National Bank of Pakistan (NBP) President Saeed Ahmad visited the Chitral valley and its adjoining areas where he inaugurated the first...
Decrease tax rate for banks earning income from providing financing to SME’s: SBP
LAHORE: The State Bank of Pakistan in its recently launched policy for promotion of Small and Medium Enterprises (SMEs) has proposed decrease...
EU banks will be allowed to operate normally in UK, post Brexit: BBC
LONDON: The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create...
Rupee slide allowed wholesalers to earn additional 5pc on their imports
KARACHI: As the dust settles after the pandemonium of rupee’s devaluation, wholesalers who already had paid in advance before the depreciation occurred,...