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...
Easypaisa facilitates customers with bio-metrically verified swift, secure transactions
KARACHI: Pakistan’s first and foremost branchless banking platform Telenor Microfinance Bank’s Easypaisa is helping its customers make safe and secure financial transactions...
ATM hacking’s cause HBL Rs10 million losses
KARACHI: Bank customers in Karachi have come under duress after reports surfaced a number of ATM users were defrauded after experiencing unauthorized...
Successful bond float could help to rein in rupee depreciation
KARACHI: Pakistan’s successful bond float of $2.5 billion from international debt markets has raised prospects of pressure easing on the rupee, which...
Banks to observe holiday on Friday
ISLAMABAD: Following the announcement of the public holiday by the federal government, State Bank of Pakistan (SBP) and other financial institutions will...
SBP providing cheap financing facilities
FAISALABAD: State Bank of Pakistan (SBP) is providing cheap financing facilities with minimum markup rate to 5 important segments for the speedy,...
ECP notifies Shariah Standards No 17, 18, 23 of AAOIFI
ISLAMABAD: The SECP has notified for public consultation three Shariah Standards of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);Â Shariah Standard...
SBP upholds policy rates at 5.75pc
KARACHI: The Committee of the State Bank of Pakistan (SBP) on Friday kept the policy rates or discount rates unchanged at 5.75...
SBP deputy governor for review of banks’ business models to adapt to the changing landscape
KARACHI: State Bank of Pakistan Deputy Governor Jameel Ahmad has emphasised the need for a review of the prevailing banking business models...
Profit: The year that was
The great land theft
By Farooq Tirmizi
If there is a single place that can be thought of as the foremost cathedral to free-market...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
Mobile banking taking Pakistan at breakneck speed
ISLAMABAD: Pakistan is now one of the countries with incredible growth in the market of branch-less and mobile banking because of its...
FBR extends super-tax on banks for FY 2017-18
ISLAMABAD: Federal Board of Revenue (FBR) has extended the enforcement of super-tax on banking companies for financial year 2017-18.
And FBR issued SRO...
Pakistan’s public debt skyrockets, touching Rs21.770 trillion by end of August
KARACHI: Figures released by State Bank of Pakistan revealed the country’s public debt touched Rs21.770 trillion by end of August, compared to...
Parliamentary panel issues warning to foreign banks for non-cooperation
ISLAMABAD: Foreign banks have faced the ire of a parliamentary panel on finance for subverting its calls on an ongoing probe into...