SBP directs banks to obtain 100pc cash margins on commodity imports
KARACHI: The State Bank of Pakistan (SBP) on Monday directed all banks to obtain 100 per cent cash margins on the import...
Soneri Bank to raise Rs4 billion TFCs to bolster capital requirements
LAHORE: A stock market notification sent to the bourse Friday by Soneri Bank disclosed that it was going to raise Rs4 billion...
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...
ADB, UNDP renew pact to accelerate progress towards sustainable development
WASHINGTON:Â The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) signed a five-year memorandum of understanding (MOU) to accelerate progress...
Faysal bank set to acquire 50 percent stake in Faysal asset management ltd
LAHORE: A bourse notification filed Thursday by Faysal Bank Limited disclosed its plan to acquire 50 percent shares in its associate Faysal...
SBP rejects media reports, says data of only one bank hacked
The State bank of Pakistan (SBP) has ‘categorically’ rejected the reports circulating in the mainstream media that the data of most banks...
HBL granted ‘member’ status under SCO IBA Framework
KARACHI: Habib Bank Limited (HBL) is proud to be officially granted the status of a member bank, during the 14th council meeting of...
Bank Islami rubbishes claims of receiving financial assistance from SBP
KARACHI
Bank Islami Pakistan Limited (BIPL) clarified in a statement filed in the stock exchange that it did not receive any financial assistance...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP)...
Citibank pondering establishing cash equities business in China
London: Citigroup Inc is considering setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks, to...
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...
Govt to raise Rs3.75t via PIBs and market treasury bills
Karachi: State Bank of Pakistan (SBP) on Wednesday announced that government would be borrowing Rs3.75t during the period of August-October.
This money is...
NBP earns Rs 6.1bn in April-June 2016
National Bank of Pakistan (NBP) Friday announced its consolidated earnings of Rs 6.1 billion (EPS Rs2.8) for April-June 2016 as compared to...
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...