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...
SBP to acquire shares of ZTBL/HBFC in exchange for debt settlement
ISLAMABAD: State Bank of Pakistan (SBP) has been given go-ahead by the government to purchase shares of Zarai Taraqiati Bank Limited (ZTBL)...
Financial inclusivity: Where does Pakistan stand?
Pakistan is a lower middle-income economy, located in the heart of South Asia, with a GDP estimated at $284 Billion (2016), and...
Government to raise Rs4.375t from auction of t-bills, long-term papers
KARACHI: State Bank of Pakistan (SBP) on Friday disclosed the government intends to raise Rs4.375 trillion from banks through sale of treasury...
Microfinance banking industry registered 52.5pc growth during FY 2016-17
ISLAMABAD: State Bank of Pakistan (SBP) revealed that Microfinance Banking Industry witnessed a surge in growth of 52.5pc during last financial year...
Non-performing loans stood at 9.3pc during Q2 FY 2017-18
ISLAMABAD: The Non-Performing Loans (NPLs) during the second quarter of the fiscal year 2017 stood at Rs614,816 million against total advances of...
The real reason behind a 1/3rd drop in Sep’ remittances
LAHORE: The recent drop in remittances by almost a third has been attributed to the “HBL saga” as per a research report published today....
SBP profits rise 4pc for FY 2016-17
ISLAMABAD: State Bank of Pakistan (SBP) on Tuesday released its annual performance review report on Tuesday, reporting a 4pc annual growth in...
Mehreen Ahmed to helm major groups at Bank Alfalah
KARACHI: After Sima Kamil's appointment as Pakistan's first woman President of a big commercial bank earlier this year, today another female was...
Mobile Banking, Internet Banking flourishing in Pakistan
ISLAMABAD: A total of 2.3 million Internet Banking users have been registered by end of June 2017, showing a reasonable annual growth...
Central bank may intervene in open market to stave off pressure on PKR
KARACHI: As pressure keeps mounting on the rupee in open market due to immense demand of the greenback, there are chances that...
Political strain to keep PSX range bound next week
LAHORE: Pakistan Stock Exchange (PSX) is expected to stay range bound next week as political tensions built up since ousted PM Nawaz...
China’s central bank to strictly regulate cash lending via internet
BEIJING: China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the...
Pakistani banks ignored as Chinese financing dominates CPEC
LAHORE: Pakistani banks are missing out on the China-Pakistan Economic Corridor (CPEC) boom as Chinese financial institutions fill in the gap of...
SBP signs MoU with the Central Bank of Philippines
KARACHI: The State Bank of Pakistan Governor Tariq Bajwa and Philippines Ambassador in Pakistan Daniel R Espiritu on behalf of Bangko Sentral NG...