Market Daily: Bears take over again as PSX loses 354.57 points
LAHORE: The Pakistan Stock Exchange for the second consecutive day failed to make a mark. Â The indices shed gains from the beginning...
IT security, monitoring system to help avert hacking attempts: SBP
ISLAMABAD: A spokesperson of the State Bank of Pakistan (SBP) on Sunday, while speaking about the recent hacking attempts on banks said...
Pak share in world Islamic banking negligible 1%
KARACHI:Â The share of Pakistan-based Islamic banks in global Shariah-compliant banking assets stands at a meagre 1%, according to the State Bank of...
Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP
The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion
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...
Post-penalty HBL reports hefty loss of Rs14.122 billion for July-September quarter 2017
KARACHI: In a notification sent to the bourse on Friday, Habib Bank Limited announced its quarterly earnings for July-September of financial year...
7th NFC Award fails to give any policy in devolution of fiscal resources: IMF report
ISLAMABAD:Â The 7th National Finance Commission (NFC) Award has become redundant as it has failed to give any policy in terms of devolution...
Foreign reserves declined by $537.8m this week
KARACHI: Total liquid foreign reserves of the country declined by $537.8 million to $20.830 billion this week compared to $21.368 billion last...
Habib Metro shows how (not) to compete against the big boys and win
Habib Metro is a boring, unexciting bank. It’s neither big nor small. Nobody uses its credit card. It won’t serve you if...
Twelve-member delegation leaves for Sydney to attend 3-day FATF moot
According to the report, a total of 4,643 dubious transactions linked to money laundering and terror financing were unearthed and blocked since 2015
ADB, partners review financial preparedness for disaster response in Pakistan
ISLAMABAD: The Asian Development Bank (ADB), the Department for International Development (DFID) of the United Kingdom, and German development cooperation through KfW...
SBP governor meets top leadership of commercial banks, sets future policy
KARACHI
State Bank of Pakistan (SBP) Governor, Tariq Bajwa presided his first meeting with the presidents/chief executive officers of all commercial banks here...
Overseas Pakistanis remit $8bn up by 1.2pc in July-Nov 2017-18
KARACHI: Overseas Pakistani workers remitted $ 8021.18 million, which is up by 1.2 per cent in the first five months (July to...
Assets of Islamic banks up 9.1pc
KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...
ZTBL fails to publish financial statements for two straight years
ISLAMABAD:Â The federal government's policy to appoint foreign professionals on important positions is not yielding the desired results, as officials seem reluctant to...