Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
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...
Rupee continues downward spiral, falls to Rs108.5 against US dollar
LAHORE: The rupee on Monday morning depreciated further against the US dollar to Rs108.5 in the inter-bank market after closing on Friday...
Market Daily: Third day of recovery as KSE‐100 index adds 278 points
LAHORE: Recovery phase of the Pakistan Stock Exchange entered its third day on Thursday. Market bulls managed to maintain their control over...
Pakistan’s banking sector advances in 2017 grew 17 percent
KARACHI: A Topline Security report has revealed Pakistan’s banking sector advances during 2017 rose 17 percent to reach Rs6.53 trillion.
According to the...
Bank Alfalah wins Best Loyalty and Rewards Program award at Mastercard MENA Leadership Forum in London
Pakistan’s leading banking institution, Bank Alfalah has won the ‘Best Loyalty and Rewards Program Award’ for its Orbit Rewards Program at the...
Omni Group claims it is being politically victimised
ISLAMABAD: Omni group, an industrial, agricultural and service oriented group in Pakistan established in 1999, has claimed that it is being politically...
BOP rights share issue: Parliamentary panel drops investigation
Islamabad: The Parliamentary panel responsible for investigating into allegations of malpractice by the Bank of Punjab (BOP) in its right shares issue...
Govt loans from central bank soar to record high of Rs5.4 trillion
During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion
NA committee rejects report on NBP promotion process
ISLAMABAD: Showing dissatisfaction over the report of State Bank of Pakistan (SBP) regarding misappropriation in the promotion process for National Bank of Pakistan’s...
SBP asks for FIA, FBR’s assistance to control forex smuggling
A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders
Meezan Bank announces 30pc growth in half-year financial results
KARACHI: The Board of Directors of Meezan Bank in its meeting, approved the Bank’s financial statements for the half year ended June...
Banking sector ‘Profits’ remained stagnant in 2016
The banking sector profitability remained flat in 2016, owing to the lower Net Interest Income (NII) and Net Interest Margins (NIMs), as...
VMware, Meezan Bank to expand IT Infrastructure through virtualisation
ISLAMABAD
VMware Inc., a global leader in cloud infrastructure and business mobility, has recently signed an agreement with Meezan Bank, Pakistan’s first and...
New York DFS fines HBL NY branch $225m
Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225...