Market Daily: PSX dances to New Year, settles on a high
LAHORE: The Pakistan Stock Exchange (PSX) swayed like a seesaw, touching its intraday low of 40,169.92 points, down by 302 points or...
Number of branchless banking agents crosses 0.4mn
ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017.
The...
SBP reserves dip 0.08pc, stand at 8.04bn
The foreign exchange reserves held by the State Bank of Pakistan decreased 0.08pc ($6 million) on February 22, according to the data...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
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...
UBL to deploy 75 ATMs at PSO outlets nation-wide
UBL, Pakistan’s Best Bank 2016, entered into a strategic alliance with Pakistan State Oil (PSO) the country’s largest oil marketing company allowing...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
Iran local cryptocurrency project on track despite ban by central bank
DUBAI: Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country’s central bank banned trading...
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
Swiss bank whistleblower arrested in Spain
MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...
Yuan holds immense potential for settlement of cross-border trade deals: SCB
KARACHI: There is loads of potential for the utilization of yuan for settlement of cross-border trade deals between Pakistan and China, said...
Banking industry not being utilised for importing power machinery under CPEC: SBP’s quarterly report
With the surge of borrowings from China under the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) has admitted that...
Assets of Islamic banks up 9.1pc
KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...