Bank Alfalah denies reports of it being sold
Senior journalist, Syed Talat Hussain had claimed that "Russia" is buying Bank Alfalah.
NBP posts highest-ever revenue of Rs97bn
KARACHI: The meeting of the Board of Directors (BoD) of National Bank of Pakistan (NBP) was held on Friday at the bank’s head...
BOP president fails to get FPT clearance from SBP
The request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as president/CEO of the Bank...
MCB announces demerger of 90 branches, amalgamation into MIB
LAHORE: In a notification sent to the bourse on Wednesday, Muslim Commercial Bank (MCB) announced the demerger of ninety of its branches...
Cabinet approves appointment of Arif Usmani as NBP CEO: Report
Mr Usmani has been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakista
FIA registers fraud case of Rs55mn against 7 employees of private bank
DASKA:Â Federal Investigation Agency (FIA) has registered a Rs55 million fraud and embezzlement case against as many seven accused officials of a private...
SBP launches M-Wallet scheme to promote home remittances
'Remittance can now be received directly in M-wallets and there is no requirement to visit a bank branch, fill forms or stand...
Sirajuddin Aziz joins Habib Bank AG Zurich as Group Financial Institutions CEO
KARACHI: Sirajuddin Aziz has been elevated as the Group Financial Institutions CEO, along with being entrusted with other responsibilities, in Habib Bank...
Forex update: Pakistan’s forex reserves stand at $16,722.8mn
LAHORE: According to a notification issued by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country...
NBP partners with WorldRemit for digital money transfers to Pakistan
Using the WorldRemit app, Pakistanis living in over 50 countries can send money directly from their smartphones to NBP cash pickup...
Revision in foreign currency account law could rein in demand of dollar in kerb market
KARACHI: The promulgation of a revised Protection of Economic Reforms Act (PERA) 1992 earlier this week has been appreciated by experts, which...
Habib Metro Modaraba set to get listed on PSX
Lahore: Habib Metro Modaraba shares are set to get listed on the Pakistan Stock Exchange (PSX) as its initial public offering starts...
The Turnaround King
The career of a banker typically starts from an entry level position and consists of many shifts that include working at a...
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...