NBP signs MoU’s with Mobi Direct, becomes settlement bank, consortium member
ISLAMABAD: The National Bank of Pakistan (NBP) signs two Memorandum of Understanding with Mobi Direct enabling NBP to become a consortium member and...
Bank Al Habib declares pre-tax profit of Rs9.92 billion
The Board of Directors of Bank AL Habib Limited announced the financial results of the Bank for the nine months period ended...
SBP’s foreign exchange reserves fell by $3.9b since October 2016
Karachi: According to data available, the foreign exchange reserves held by the State Bank of Pakistan (SBP) are said to have fallen...
HBL granted ‘member’ status under SCO IBA Framework
KARACHI: Habib Bank Limited (HBL) is proud to be officially granted the status of a member bank, during the 14th council meeting of...
BankIslami restores e-banking services
KARACHI:Â BankIslami on Monday announced that its payment system has been successfully restored and was running absolutely secured.
"All of the bank's services can...
PICIC Growth & Investment Funds to be converted into Open End Scheme
HBL Asset Management Ltd in its board meeting held on February 24, 2017 has decided to proceed with the conversion PICIC Investment...
SECP approves PICIC Investment, Growth Fund conversion into open-end funds
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being...
Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements
Goldman Sachs chief Blankfein to retire soon
NEW YORK: Longtime Goldman Sachs chief executive Lloyd Blankfein is in talks to retire and has been contributing to the bank’s choice...
Saudi government seeks to resolve Islamic tax dispute with banks
DUBAI: Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities,...
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...
China’s central bank to reduce reserve requirement
BEIJING: China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to...
Meezan Bank partners with IoBM to launch MBA focused on SME banking
KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank, and the Institute of Business Management (IoBM) from Karachi recently signed a Memorandum...
Pakistan Iran business forum to be held in Karachi
ISLAMABAD: While there still are many stumbling blocks in improving trade between Iran and Pakistan, a high powered business delegation of Iran...
NBP inaugurates ‘Aitemaad’ islamic banking branch
ISLAMABAD: The National Bank of Pakistan (NBP) in its quest to promote Islamic Banking in Pakistan has inaugurated another new branch of...