Meezan Bank announces Rs 1.5 bn profit in Jan-Mar 2017

Meezan Bank, the first Islamic bank of Pakistan, has continued its growth with momentum and has recorded good results for the quarter ended March...

SBP amends exposure limits for banks

The State Bank of Pakistan (SBP) on Monday has made amendments to R-1 (Large Exposure Limit)  of prudential regulations for corporate and commercial banks....

NBP to introduce Shariah compliant Youth Business Loan Scheme

National Bank of Pakistan (NBP) is likely to launch the Prime Minister Youth Business Loan (PMYBL) scheme under the Islamic Banking Division 'Aitemaad' soon,...

SECP agrees to country’s first Private Equity Fund

The Securities and Exchange Commission of Pakistan (SECP) has given go-ahead to the country’s  first private equity and venture capital fund worth $100m under...

Easypaisa No.1 in Branchless banking: SBP

 According to figures released by the State Bank of Pakistan for branchless banking (BB), Easypaisa retained its number one position with 9.1m accounts and...

Digital Era: Digital banks to materialise soon, claims SBP

An officical of the State Bank of Pakistan (SBP) has claimed that Pakistan will soon have digital banks across the country. The SBP is...

Standard Chartered exceeds one year target for Goal beneficiaries

'Goal' is Standard Chartered’s leading education programme that provides financial literacy, life skills and employability training to low-income adolescent girls across its footprint. Since the...

JS Bank collaborates with Dewan Motors to offer luxury car financing

According to a press release, JS Bank and Dewan Motors (BMW Pakistan) have inked a Memorandum of Understanding to offer on-demand luxury car financing...

SBP reviews blockchain technology to protect electronic financial transactions from cyber crimes

The State Bank of Pakistan (SBP) is currently studying blockchain technology solution model to be adopted by central and commercial banks, as banks the...

MoU signed on interest free loans for women

Special Assistant to Chief Minister Sindh on Women Development Mrs Iram Khalid visited the Sindh Bank and met with the President and CEO of...

SBP revises PR for housing finance

The State Bank of Pakistan on Tuesday made some changes in the Prudential Regulations for Housing Finance and directed all banks and DFIs to...

Govt asked to reform SBP, PSEs

The Pakistan Economy Watch (PEW) on Sunday said the government should provide autonomy to the State Bank of Pakistan (SBP) and install professional management...

Pakistan banks’ profits grow due to deposits, lending rise

Commercial bank profits are rising in Pakistan on bigger volumes, enlarging transactions and growing businesses. Overall deposits of all commercial banks stood at Rs10,726.66 billion...

NBP terms unauthorised bank account allegations ‘baseless’

The National Bank of Pakistan (NBP) has categorically refuted the recently referenced allegations of Shaheed Zulfiqar Ali Bhutto Medical University (SZABMU) money managed through...

SBP inks agreement on BPA with Irani bank

An agreement on Banking and Payment Arrangement (BPA) has been signed between State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII)...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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IMF deal, reduced imports, increased number of tax filers among major...

---Finance ministry claims presenting budget 2019-20 with pro-poor expenditure through different programmes as govt's achievements ISLAMABAD: As the Pakistan Tehreek-e-Insaf (PTI) led government completes its...