Law suit opposing merger of NIB, MCB withdrawn
In a notice sent to the Pakistan Stock Exchange, the legal counsel of NIB (National Investment Bank) has announced that suit No.s...
Banking industry not being utilised for importing power machinery under CPEC: SBP’s quarterly report
With the surge of borrowings from China under the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) has admitted that...
SME Bank privatisation attracts investors’ attention
More than 10 investors have expressed interest in acquiring up to 93.88pc stake in the loss-making state-owned SME Bank Limited, media sources...
BoP announces financial results for year 2016
Lahore: A meeting of the board of directors of The Bank of Punjab (BOP) was held on March 29, 2017, to approve the audited...
Habib Bank eyes opportunities connected with CPEC in Xinjiang
Habib Bank, one of the largest private banks in Pakistan which opened its branch in Urumqi, is eyeing opportunities connected with the...
Banks instructed to prohibit transactions above $50,000
Banks have been instructed to prohibit transactions equal to or more than $50,000 from actual amount payable before the enforcement of international...
Pakistan updates guidance for Islamic banks’ external audits
Pakistan's central bank has updated guidance on Sharia governance for Islamic finance institutions, expanding the scope of external audits to help mitigate...
Bank Alfalah, Al Huda CIBE join hands to promote Islamic Banking
Bank Alfalah and Alhuda Center of Islamic Banking and Economics (CIBE) have signed a memorandum of understanding (MoU) to encourage Islamic Banking...
SBP clarifes Rs 500 notes without OVI flag legit
The State Bank of Pakistan (SBP) has clarified the authenticity of Rs 500 Banknote amidst a controversy circulating in certain sections of...
Wathra appreciates role of banking sector in fueling economic growth
State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra while speaking at the launch of the second edition of Pakistan Banking awards...
Faysal Bank, Ontex Pakistan enter into strategic alliance
Faysal Bank Limited, one of the leading banks in Pakistan is to join hands with Ontex Pakistan Private Limited; a Belgium-based leading personal hygiene...
SBP to introduce ‘Cashless Banking’ through ordinary phones
The State Bank of Pakistan (SBP) is going to introduce Cashless Banking through Asan Mobile Accounts (AMA) from 1st July 2017, due...
Sima Kamil appointed UBL President & CEO
The Board of Directors United Bank Limited (UBL) on Monday announced the appointment of Sima Kamil as new Chief Executive Officer (CEO)...
Sindh Bank & Summit Bank likely to be merged
Sindh Bank and Summit Bank are likely to be in the final stages of being merged, media sources have reported. The newly merged bank...
Tameer Microfinance Bank renamed Telenor Bank
Telenor Group has acquired all regulatory approvals to rename Tameer Microfinance Bank to Telenor Microfinance Bank, media sources have reported. Telenor Group...