Russia’s central bank contemplating injecting $17 billion in two bailed-out banks
MOSCOW: Russia’s central bank is considering pumping more than 1 trillion rubles ($17 billion) into two banks it first bailed out last...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
Market Daily: Waning investor confidence leads to PSX losing 411.62 points
LAHORE: The final day of the week saw investors opting out of the market. Indices added on to the losses as the...
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
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...
SBP reviews blockchain technology to protect electronic financial transactions from cyber crimes
The State Bank of Pakistan (SBP) is currently studying blockchain technology solution model to be adopted by central and commercial banks, as...
Dubai Islamic Bank Group eyes Pakistan as a key growth market in 2017
A high-powered delegation which included Dubai Islamic Bank’s Group Chief Executive Officer Dr Adnan Chilwan, Board members and senior management held key...
Bank Alfalah bags ‘Best Bank Award’ at low-key 2nd PBA
Banking industry playing role in job opportunities, strengthening economy: Tariq Bajwa
KARACHI
At the second Pakistan Banking Awards (PBA) Tuesday, the prestigious ‘Best Bank Award’...
Central bank may intervene in open market to stave off pressure on PKR
KARACHI: As pressure keeps mounting on the rupee in open market due to immense demand of the greenback, there are chances that...
US, EU investors interested in buying combined 9.59 percent stake in Meezan Bank
The other major shareholders in Meezan Bank are Islamic Development Bank and Pakistan Kuwait Investment Co
Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE:Â The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...
Bank Alfalah records over Rs10bn profit in 2018
The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on 21st February 2019, approved the Bank’s audited...
SBP issues concessionary financing facility for special persons
KARACHI:Â The State Bank of Pakistan (SBP) has issued a concessionary small enterprise financing and credit guarantee facility for special persons.
SBP Governor Tariq...
China central bank urges calm after Baoshang takeover
SHANGHAI: China’s central bank sought to calm investors on Sunday after last month’s takeover of Inner Mongolia-based Baoshang Bank, saying regulators are...