Riaz Riazuddin appointed acting governor SBP
The federal government has appointed Riaz Riazuddin as acting governor of the State Bank of Pakistan on Sunday.
Riaz Riazuddin has been currently...
Pakistan’s Best-Performing Banks
Pakistani banks have long been criticized for making risk-free money by investing into securities, backed by Government of Pakistan, which remains their...
Zarrar Sehgal to head Clifford Chance’s banking and finance
Leading international law firm Clifford Chance today announced that Zarrar Sehgal has been named the Americas head of the Banking and Finance...
Bank of Punjab announce financial results for 1st Q 2017
A meeting of the board of directors of the Bank of Punjab was held on April 27, 2017, to consider and approve...
SECP files criminal case of insider trading against a bank employee
In another high profile case of the complex white collar crime in the stock market, the Securities and Exchange Commission of Pakistan...
SCB Pak earns profit of Rs 4.1bn in Q1 2017
Standard Chartered Bank Pakistan (SCB Pak) Thursday reported a Profit Before Tax (PBT) of Rs 4.1 billion in the first quarter 2017,...
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...
Silkbank continues ascending towards excellence, posts profit of Rs 370.4 million
The board of directors of Silkbank Limited in their meeting held on April 27, 2017 declared an operating profit of Rs 370.4...
Exim Bank to start functioning from December
The proposed Export-Import Bank (Exim Bank) is likely to start functioning by December, the Senate Standing Committee on Commerce was apprised on...
The First MicroFinanceBank signs pact with TPS Pakistan, enabling digital payment platforms
The First MicroFinanceBank Ltd. signed an agreement with TPS, a leading payment solutions company, to upgrade its ATM middle-ware and CMS technology.
The...
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...
SBP amends exposure limits for banks
The State Bank of Pakistan (SBP) on Monday has made amendments to R-1 (Large Exposure Limit) Â of prudential regulations for corporate and...
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...
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...
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...