KSE-100 index closes the week in red
Pakistan Stock Exchange (PSX) KSE-100 index lost 46 points or -0.09pc to end Friday's trading session at 48,971.05. Trading at the benchmark index largely...
Bank Alfalah introduces PayPak Debit card
Continuing to strive ahead to encourage financial inclusion in the country and digitise the financial sector of Pakistan, Bank Alfalah has collaborated...
FIA calls for revamping ATM security
After arresting Chinese nationals for the second time in less than a year for allegedly stealing data through ATMs using skimming devices, the...
Shariah Compliant sector expected to touch $17.6b by 2018
Islamic banking services will maintain its growth push in Pakistan, as assets of Shariah compliant sector will touch $17.6b by 2018, as...
KSE-100 index closes on a flat note
The Pakistan Stock Exchange (PSX) KSE-100 index lost 3.42 points or 0.01pc to close at 49,016.79. Trading at the bourse remained range-bound today in...
Diamond Trust Bank to acquire HBL operations in Kenya
Habib Bank Limited (HBL) has inked an agreement with Diamond Trust Bank Kenya (DTBK) to transfer/sell off its business operations in Kenya...
Pakistan and Iran to reopen banking channels
State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement in the next week...
Wathra proposes establishment of Balochistan Bank
State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has said on Tuesday that a proposal for Balochistan Bank has already been...
PM appoints Saeed Ahmad as President NBP
Prime Minister Mian Muhammad Nawaz Sharif has appointed Saeed Ahmad as President National Bank of Pakistan (NBP). Saeed has been serving as...
SBP Governor directs banks to increase footprint in Balochistan
The State Bank of Pakistan (SBP) governor on Monday issued a directive to all commercial banks' heads to bolster their services in...
Govt raises Rs 284b through t-bills
The government managed to raise Rs 284b at an auction of market treasury bills (t-bills) on Wednesday, rejecting bids for 12-month papers...
Farmers compelled to borrow at higher rates than the industrial sector
The National Assembly Standing Committee on Finance and Revenue has unanimously approved a proposal asking the government to bring the cost of...
US Federal Reserve increases benchmark interest rate a quarter point
The US Federal Reserve on Wednesday raised the benchmark interest rate a quarter point, after noting that inflation is moving closer to...
Daraz.pk collaborates with SCB to launch easy instalment plan
Daraz.pk in a press release announced that it has started offering loans to customers buying products off its website under its latest...
SBP advises banks to adopt measures to curb money laundering
The State Bank of Pakistan (SBP) has asked all banks to take all necessary measures to curb money laundering including training their...