HBL appoints new President and CEO
KARACHI: Habib Bank Limited (HBL), the largest bank in Pakistan has announced that Muhammad Aurangzeb has joined the bank as the President and...
Govt releases Rs301.7b agri credit during first half of FY2016-17
The government has disbursed Rs301.7b agriculture credit during the first half of FY2016-17 through various banks and financial institutions against a target...
Meezan Bank bags Best Bank for 2018 award at PBA
Dubai Islamic Bank was given the award for the Best Emerging Bank in Pakistan for 2018
KSE-100 index closes the week in red
Pakistan Stock Exchange (PSX) KSE-100 index lost 46 points or -0.09pc to end Friday's trading session at 48,971.05. Trading at the benchmark index largely...
Bank Alfalah records over Rs10bn profit in 2018
The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on 21st February 2019, approved the Bank’s audited...
Turkey central bank ready to take ‘all necessary measures’ for stability
ISTANBUL: Turkey’s central bank on Monday announced it was ready to take “all necessary measures” to ensure financial stability after the collapse...
Senate panel advises to loosen curbs on non-filers in car, property purchases
The Senate panel suggested non-filers of income tax returns to be given permission for buying or importing cars up to 1,000cc with the target to assist the middle-income group
Pakistan Banao Certificate targeting overseas Pakistani’s to be launched on 31st January
According to details shared by the Finance Minister Asad Umar, the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return
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...
MCB Bank launches its second Digital Lounge at the Emporium Mall
MCB Bank, “Best Bank in Pakistan” proudly inaugurated its second state-of-the-art Digital Lounge at Pakistan’s premier retail complex, Emporium Mall, Lahore. Among...
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...
Big bucks but mediocre results
When it comes to stock market performance of last year, listed banks’ were at a distant south of benchmark KSE-100 Share Index...
SBP expected to hike interest rates by 25 to 50 basis points for next two months
KARACHI: The State Bank of Pakistan on Friday is expected to hike the interest rates for coming two months in its monetary...
Two new names emerge for BOP presidentship after SBP shoots down Talib Rizvi’s appointment
Editor's Note: An earlier version of this news item mentioned a few allegations that could not be independently verified and hence have...
SBP introduces new amendments to control money laundering
Karachi: On Wednesday, the State Bank of Pakistan (SBP) made a number of changes in respect to regulations for anti-money laundering and...