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...

Tax Directory 2016: HBL, MCB top tax payers list

Islamabad: The tax directory prepared by the Federal Board of Revenue for 2016 and released by the Finance Minister Ishaq Dar on...

HBL profits fall by 1.8pc during Jan-June 2017

Karachi: In a notification sent to the bourse on Friday, Habib Bank Limited (HBL) one of the country’s largest bank by operations...