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...
PTCL, HBL sign partnership for Managed Connectivity Services
PTCL, the largest telecommunication service provider in the region has inked a comprehensive Managed Services Network Agreement with HBL, the largest private...
Dubai Islamic Bank Group eyes Pakistan as a key growth market in 2017
A high-powered delegation which included Dubai Islamic Bank’s Group Chief Executive Officer Dr Adnan Chilwan, Board members and senior management held key...
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...
Karandaaz signs three agreements to improve International Remittance Solutions under Innovation Challenge Fund
The country’s leading promoter of financial inclusion, Karandaaz Pakistan has signed agreements worth PKR 148 million with three prominent players in the...
Bank of Punjab issues 70 pc rights shares
In the interest of sponsors, stakeholders, shareholders and public at large, the Bank of Punjab wishes to clarify the news item, conceived...
SBP devises trades mechanism for transactions between Pakistan, Iran
The State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII) have devised a payment settlement mechanism to settle the...
SBP advises banks against discriminating consumer finance practices
In continuation to its earlier instructions, State Bank of Pakistan (SBP) has advised banks/development finance institutions (DFIs) to not discriminate any segment...
ICST urges abolition of tax on bank transactions in upcoming budget
Islamabad Chamber of Small Traders (ICST) on Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming...
SBP governor to be appointed within three months: Dar
In an interview with Bloomberg television in Yokohoma, Japan on Thursday, the Finance Minister Ishaq Dar stated that the current acting governor...
ADB effectively raising development finance to achieve its targets in Asia and Pacific: review
The Asian Development Bank (ADB) is delivering with efficacy against its goal to enhance development finance to the Asia and Pacific region,...
MCB launches state of the art digital lounge at Packages Mall, Lahore
MCB Bank, "Pakistan's Best Bank" (Euromoney & Finance Asia Awards, 2016), launched its flagship branch featuring its first State-of-the-Art Digital Lounge at...
Islamic finance growing rapidly: Sindh governor
Sindh Governor Muhammad Zubair said that Islamic finance has been growing rapidly in not only Muslim countries but also in non-Muslim countries.
Addressing...
Bank Alfalah to disburse PTET employees’ pensions via digital wallets
Bank Alfalah, Pakistan’s leading banking institution, has entered into a strategic arrangement with Pakistan Telecommunication Employees Trust (PTET) for the disbursement of...