Branchless banking deposits grew 95pc during April-June 2017
Karachi: Branchless banking deposits for the April-June quarter went up by 95pc from previous quarter, reported State Bank of Pakistan on Thursday.
As...
New York DFS fines HBL NY branch $225m
Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225...
ADB recognises 2 Pakistani banks among 20 others in TFP Awards
ISLAMABAD
The Asian Development Bank (ADB) recognised two Pakistani banks, among 20 others in its third annual Trade Finance Programme (TFP) Awards, said...
PSX suffered worst monthly decline since May 2010
Karachi: The Pakistan Stock Exchange (PSX) endured its worst month of trading in seven years as continuing political and economic uncertainty plagued...
SBP to bolster vigilance mechanism for monitoring foreign banking operations
Karachi: Governor State Bank of Pakistan, Tariq Bajwa on Tuesday said measures will be undertaken to bolster vigilance mechanisms for tracking international...
SBP governor Tariq Bajwa announces to revive import and export committee
Karachi: The governor State Bank of Pakistan (SBP) Tariq Bajwa announced to revive the Import and Export Committee with two directors on...
HBL to face cases before NYDFS: Noman Karamat Dar CEO HBL
Karachi:Habib Bank Ltd (HBL) can easily pay the fine imposed by the New York State Department of Financial Services (NYDFS) without hurting...
MCB profits jump up by 27.8pc to reach Rs13.69b for Jan-June 2017
Karachi: In a notification sent to the bourse on Friday. Muslim Commercial Bank Limited (MCB) announced its financial results for the half...
Private sector credit touches Rs4.683 trillion during July 2017: SBP
Karachi: State Bank of Pakistan (SBP) on Tuesday released data about private sector’s outstanding credit to reach Rs4.683t from Rs3.922t in same...
FBR failed to take action against 330 individuals reported for money laundering
Islamabad: The State Bank of Pakistan’s Financial Monitoring Unit (FMU) last year had accused 330 people of having laundered money abroad, but...
Govt urged to control fall in forex reserves and exchange rate
Islamabad: The Pakistan Economy Watch (PEW) on Sunday asked the government to stem fall in forex reserves and exchange rate.
The fall in...
Bank of China could commence operations by end of September says: SBP
Karachi: According to official spokesman, Abid Qamar of the State Bank of Pakistan (SBP) on Friday said, the Bank of China (BOC)...
SBP set to submit report next week on rupee’s depreciation
Karachi: A spokesman for State Bank of Pakistan (SBP), Abid Qamar on Friday disclosed that the committee setup to investigate the sudden...
Bank Alfalah posts PBT of Rs8.47bn, EPS of Rs3.04
KARACHI
The Board of Directors of Bank Alfalah Limited approved the bank’s half yearly, unaudited financial statements, for the period ended June 30,...
BOP announces financial results for Jan-June 2017
A meeting of the Board of Directors of the Bank of Punjab was held on August 16, 2017 to consider and approve...