MCB, CSD sign MoU for Ramzan campaign
MCB Bank, “Pakistan’s Best Bank” (Euromoney and Finance Asia Awards, 2016), has entered into an alliance with Canteen Stores Department (CSD) for...
UBL inaugurates state-of-the art ‘Branch of the Future’ in Karachi
Pakistan’s Best Bank 2016; inaugurated its first ‘Branch of the Future’in Karachi on 21 May 2017. Consistent with the bank’s progressive and...
Faysal Bank announces new CEO, board members
The chairman and board members of Faysal Bank Limited (FBL) are pleased to announce the appointment of Yousaf Hussain as Acting Chief...
SBP reduces refinancing rates for loans to 2pc for entrepreneurs
Lending rates for small medium enterprises (SMEs) have been revised by the State Bank of Pakistan to 4pc. This move would encourage...
ADB provides $ 20 million loan to increase micro credit access in Pakistan
The Asian Development Bank (ADB) has approved a $ 20 million loan to help Pakistan’s Khushhali Microfinance Bank (KMBL) to expand access...
World Bank for updating Pakistan’s GDP
The government has agreed to a World Bank proposal to update the methodology and source of data for Pakistan’s GDP measurement and...
SBP keeps monetary policy rate unchanged at 5.75pc
The State Bank of Pakistan , on Saturday, announced to keep the monetary policy rate unchanged at 5.75pc for the next two...
Govt briefs WB on development and energy priorities for next fiscal
The finance team briefed the World Bank (WB) officials about the development priorities including the power sector during the next financial year,...
SBP issues updated version of Foreign Exchange Manual-2017
In order to facilitate the stakeholders including authorised dealers (banks), exporters, importers, travel agents, carriers, etc., the State Bank of Pakistan (SBP)...
SBP session on EIF held at RCCI
An awareness and interactive session on Electronic Import Form (EIF) was organised by the Rawalpindi Chamber of Commerce and Industry (RCCI) here...
Faysal Bank, Mashreq partner to provide QuickRemit
Faysal Bank one of the leading banks of Pakistan has partnered with Mashreq, a leading financial institution of UAE, to provide QuickRemit...
Nouman Ansari completes his tenure at Faysal Bank
President and Chief Executive Officer of Faysal Bank Nouman Ansari has stepped down from his position, media sources have reported. Ansari completed his tenure...
Bank Alfalah wins Best Loyalty and Rewards Program award at Mastercard MENA Leadership Forum in London
Pakistan’s leading banking institution, Bank Alfalah has won the ‘Best Loyalty and Rewards Program Award’ for its Orbit Rewards Program at the...
Bank of Punjab to raise Rs13b from right shares issue
The Bank of Punjab (BOP) has decided to do a right shares issue of around Rs13b, which will enable it to give...
ADB committed to transforming Asia, Pacific into an oasis of sustainable and inclusive development
Asian Development Bank is working on a comprehensive roadmap for the transformation of Asia and the Pacific into an oasis of inclusive...