First woman to head a major bank in Pakistan?
As per reports Sima Kamil, Head of branch banking at Habib Bank limited (HBL) could become the first woman to head one of the...
Commissioner SECP inaugurates Islamic Finance Center in Abbottabad
Commissioner SECP Zafar Abdullah inaugurated a new Islamic Finance Centre for the promotion of Islamic investments at the Abbottabad Sarmayakari Markaz on...
Govt releases Rs301.7b agri credit during first half of FY2016-17
The government has disbursed Rs301.7b agriculture credit during the first half of FY2016-17 through various banks and financial institutions against a target...
BOK earns record profit of Rs.2 bn, announces 15pc cash dividend
The Bank of Khyber’s (BOK) operational performance demonstrated a record improvement in all areas for the year 2016. The bank managed to...
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...
Telenor Pakistan to part ways with its brainchild Easypaisa
Easypaisa, Pakistan’s first Fintech payment gateway is parting ways with Telenor Pakistan, the company which found it back in 2009 and had...
Big bucks but mediocre results
When it comes to stock market performance of last year, listed banks’ were at a distant south of benchmark KSE-100 Share Index...
Silkbank declares profits of Rs 1.23 billion
The board of directors of Silkbank Limited, in their meeting held on February 28, declared an operating profit of Rs 1.23 billion,...
PICIC Growth & Investment Funds to be converted into Open End Scheme
HBL Asset Management Ltd in its board meeting held on February 24, 2017 has decided to proceed with the conversion PICIC Investment...
SECP gives green signal to two modarabas worth Rs 800m
The Religious Board constituted by the federal government for the SECP under Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, has...
SBP & SECP meet to discuss initiatives for smooth functioning of the financial sector
The 26th meeting of the Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP) Coordination Committee was held...
NBP declares Rs 22.8bn PAT in 2016 up by 18%
The meeting of board of directors of National Bank of Pakistan (NBP) was held today at NBP Head Office Karachi and it...
SBP seeks early resolution of US dollar notes issue
The State Bank of Pakistan (SBP) has urged all banks to either accept all kinds of US dollars (old and smaller denominations)...
Faysal Bank and EFU Life Insurance collaborate to offer new products to clients
Faysal Bank one of the leading banks of Pakistan has entered into two agreements with EFU Life Assurance Ltd to offer additional...
BYCO floats first-ever AAA rated private sector Sukuk
Byco Oil Pakistan Limited (“BOPL”) has successfully issued its first privately placed Sukuk for Rs 3,120 million, reported a national daily.The issue,...