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...
NBP set to re-launch PM youth loan scheme in September
Karachi: The National Bank of Pakistan (NBP) announced on Friday it will be re-launching the Prime Ministers Youth Programme again in September...
Bank of China to open its branch soon in Gwadar says: GPA Chairman
Gwadar: Bank of China is said to be opening a branch soon in Gwadar, said Chairman of Gwadar Port Authority (GPA) Dostain...
Falling remittances: SBP to seek LEAs assistance to control money laundering
Karachi: State Bank of Pakistan (SBP) is said to be seeking the help of law-enforcement agencies (LEAs) to curb the menace of...
Micro-finance sector recorded 47.3pc growth in its portfolio till December 2016
Islamabad: The microfinance sector witnessed 47.3 percent growth in its aggregate micro-credit portfolio, which grew to Rs136.9 billion till December (2016-17) compared...
BOP rights share issue: Parliamentary panel drops investigation
Islamabad: The Parliamentary panel responsible for investigating into allegations of malpractice by the Bank of Punjab (BOP) in its right shares issue...
Summit Bank Limited Bod gives go-ahead for merger with Sindh Bank
Karachi: On Monday, Summit Bank Limited’s Board of Directors gave approval for its merger with Sindh Bank. The merger will take place...
NBP to receive preparatory license to open branch in China
BEIJING
The National Bank of Pakistan (NBP) will be granted a preparatory license by the Chinese government to establish a branch in the...
Could Pakistan be on the verge of an internet blackout?
The curse of slow internet speeds and complaints about it seem to be a daily ritual here in Pakistan. Open social media...
SBP to set-up National Financial Stability Council
Karachi: Chief Spokesman, Abid Qamar of the State Bank of Pakistan (SBP) on Friday said that the central bank is working on...
Deputy governor SBP admits he called for depreciation of PKR on 5th of July
Islamabad: In front of a parliamentary panel on Wednesday, Deputy governor State Bank of Pakistan (SBP), Riaz Riazuddin admitted that the decision...
Govt to raise Rs3.75t via PIBs and market treasury bills
Karachi: State Bank of Pakistan (SBP) on Wednesday announced that government would be borrowing Rs3.75t during the period of August-October.
This money is...
Paypak gets approval to launch its payment services
Lahore: State Bank of Pakistan (SBP) has given approval to Onelink for launching its Paypak payment services.
Once Paypak starts its operations commercially,...
SBP’s foreign exchange reserves fell by $3.9b since October 2016
Karachi: According to data available, the foreign exchange reserves held by the State Bank of Pakistan (SBP) are said to have fallen...
HBL, Diamond Trust Bank merge Kenyan operations
LAHORE
According to sources, one of Pakistan's premier banks, Habib Bank Limited (HBL) has merged its operations in Kenya into Diamond Trust Bank,...