Farmers compelled to borrow at higher rates than the industrial sector

The National Assembly Standing Committee on Finance and Revenue has unanimously approved a proposal asking the government to bring the cost of borrowing for...

US Federal Reserve increases benchmark interest rate a quarter point

The US Federal Reserve on Wednesday raised the benchmark interest rate a quarter point, after noting that inflation is moving closer to the central...

Daraz.pk collaborates with SCB to launch easy instalment plan

Daraz.pk in a press release announced that it has started offering loans to customers buying products off its website under its latest initiative Daraz...

SBP advises banks to adopt measures to curb money laundering

The State Bank of Pakistan (SBP) has asked all banks to take all necessary measures to curb money laundering including training their staff and...

First woman to head a major bank in Pakistan?

As per reports Sima Kamil, Head of branch banking at Habib Bank limited (HBL) could become the first woman to head one of the big five commercial...

Commissioner SECP inaugurates Islamic Finance Center in Abbottabad

Commissioner SECP Zafar Abdullah inaugurated a new Islamic Finance Centre for the promotion of Islamic investments at the Abbottabad Sarmayakari Markaz on Thursday. As...

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 of Rs700b set...

BOK earns record profit of Rs.2 bn, announces 15pc cash dividend

The Bank of Khyber’s (BOK) operational performance demonstrated a record improvement in all areas for the year 2016. The bank managed to post a...

Banking sector ‘Profits’ remained stagnant in 2016

The banking sector profitability remained flat in 2016, owing to the lower Net Interest Income (NII) and Net Interest Margins (NIMs), as there was...

Telenor Pakistan to part ways with its brainchild Easypaisa

Easypaisa, Pakistan’s first Fintech payment gateway is parting ways with Telenor Pakistan, the company which found it back in 2009 and had offered the...

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 – a...

Silkbank declares profits of Rs 1.23 billion

The board of directors of Silkbank Limited, in their meeting held on February 28, declared an operating profit of Rs 1.23 billion, with post-tax...

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 Fund (PIF)...

SECP gives green signal to two modarabas worth Rs 800m

The Religious Board constituted by the federal government for the SECP under Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, has given a...

SBP & SECP meet to discuss initiatives for smooth functioning of the financial sector

The 26th meeting of the Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP) Coordination Committee was held on Wednesday...

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