Finance Ministry fails to release budgetary allocation for FWBL
The Finance Ministry has failed to release the allocated funds of Rs 500 m for equity injection in First Women Bank Limited...
SBP orders strict monitoring to curb money laundering & terrorism financing
The State Bank of Pakistan (SBP) on Friday advised all financial institutions to take necessary measures to ensure that beneficial owners, directors,...
SBP advises banks to root out terrorist financing
The State Bank of Pakistan (SBP) has directed all Banks, Development Financial Institutions (DFIs) and the Microfinance Banks (MFBs) to align their...
UBL declares profit of over Rs 27m
UBL announced its results for the Financial Year ended December 31, 2016, at its 207th meeting held on Friday, February 17, 2017....
Please spare us-SBP asks banks to meet import payments by borrowing from abroad
The State Bank of Pakistan (SBP) is reported to have recently been pushing some banks to raise money from the international markets...
Efforts underway to gradually adopt Islamic financing: Senate told
The Senate was informed on Tuesday that efforts are underway to gradually adopt Islamic mode of financing in the country.
Minister for Law...
HBL keeps expectations intact
Habib Bank Limited (HBL) announced its CY16 results today, posting earnings of Rs 31.8 billion and earnings per share (EPS) of Rs...
Saeed Ahmad reappointed as Deputy Governor SBP
In pursuance of Section 10(9) of the State Bank of Pakistan (SBP) Act 1956 (amended), the Federal Government has re-appointed Saeed Ahmad...
Regulatory reforms push modaraba assets to Rs 41 billion
The present reforms and strengthening of regulatory framework by the Securities and Exchange Commission of Pakistan (SECP) have pushed up the modaraba...
SBP signs memorandum of understanding with Nepal Rastra Bank
The memorandum of agreement signed on Thursday will enhance bilateral relationship and sharing of information to accomplish convergence towards common modalities and...
Breaking the respectability glass ceiling: Malik Riaz’s bid to acquire a bank turned down yet again
The primary regulator of capital markets, Securities and Exchange Commission of Pakistan (SECP) has asked the Pakistan Stock Exchange (PSX) on Thursday...
ABL follows suit after MCB, performs below expectations
Allied Bank Limited (ABL) has announced its annual results for CY16 and has reported a Net Profit after Tax (NPAT) of Rs...
Global body for Islamic Finance proposes standard for centralized Sharia boards
The proposed rules come at a time when Islamic banks are trying to widen their appeal to consumers in core markets of...
High provision charges cause MCB’s results to fall below expectations
Muslim Commercial Bank (MCB) has posted consolidated Net Profit after Tax (NPAT) of Rs 22.1 billion for the CY16. This is 11.4...
Bypassing SBP-Malik Riaz of Bahria Town to acquire Escorts bank
Malik Riaz of Bahria Town is all set to purchase 71% shares of Escorts Investment Bank Limited (EIBL) along with its management...