HBL declares consolidated after-tax profit of Rs8b
KARACHI: Habib Bank Limited (HBL) on Thursday declared a consolidated profit after tax of Rs8.1 billion, with earnings per share for first half of...
Remittances climb up by 13 percent to $5.419b during first quarter of FY19
Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19
TerraBiz, PricewaterhouseCoopers organise DigiBAP ’17
On Wednesday, April 12, more than 250 professionals from banking, telecom and fintech sector attended Digital Banking and Mobile Payments (DigiBAP) Summit...
NBP to receive preparatory license to open branch in China
BEIJING
The National Bank of Pakistan (NBP) will be granted a preparatory license by the Chinese government to establish a branch in the...
Asset base of Islamic banking industry grew by 8pc during April-June 2017 quarter
Karachi: An Islamic Bulletin Banking report issued by the State Bank of Pakistan on Monday revealed that the asset base of the...
Market Daily: Political uncertainty, Nawaz Sharif’s remarks wreak havoc at PSX
LAHORE: The session left a trail of blood on the streets as market bulls were ripped to shreds in the wake of...
Bank Alfalah posts impressive half-year results, with profit before tax at Rs10.008 billion
KARACHI: The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on
26 August 2018, approved the Bank’s unaudited...
SC extends restraining orders against merger of Summit, Sindh Bank
KARACHI: The Supreme Court (SC) on Saturday extended its restraining order regarding the merger of Sindh Bank and Summit Bank until further...
Pakistan’s foreign reserves stand at $16.685bn
KARACHI: According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood...
Citigroup pays $12 million to settle dark pool probe
The regulator also found that Citigroup Global did not disclose that over a period of more than two years, nearly half of its dark-pool orders were routed to and executed on other trading venues that did not offer the same premium features as Citi’s.
SBP forex reserves decline 0.50pc to touch $13,787.9m
Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched...
HBL suffers after hefty fines, declares profits down 77pc YoY
LAHORE: Habib Bank Limited (HBL) posted its consolidated net profit after tax of Rs7.83 billion, with earnings per share of (EPS) Rs5.34...
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...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
Shareholders of listed companies to submit bank account details in 45 days
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given 45 days to shareholders of listed companies to provide relevant details...