Credit Suisse CEO dismisses European bank mergers as ‘solution’
ZURICH: Mergers are not the best way to help Europe’s banks deal with negative interest rates, Credit Suisse Chief Executive Tidjane Thiam...
SBP keeps monetary policy unchanged at 5.75pc for next two months
Karachi: The State Bank of Pakistan (SBP) kept the policy rate unchanged at 5.75 per cent following a considerable strong growth momentum...
SBP profits rise 4pc for FY 2016-17
ISLAMABAD: State Bank of Pakistan (SBP) on Tuesday released its annual performance review report on Tuesday, reporting a 4pc annual growth in...
SBP forex reserves decline 0.50pc to touch $13,787.9m
Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched...
Banks to observe holiday on Friday
ISLAMABAD: Following the announcement of the public holiday by the federal government, State Bank of Pakistan (SBP) and other financial institutions will...
SBP advises banks against discriminating consumer finance practices
In continuation to its earlier instructions, State Bank of Pakistan (SBP) has advised banks/development finance institutions (DFIs) to not discriminate any segment...
SBP launches Asaan remittance account
KARACHI: In line with its efforts to enhance outreach of basic financial services to unbanked or underserved segment of the population, State...
SBP directs commercial banks to encash NDRP of depositors
The State Bank of Pakistan (SBP) Wednesday directed all the commercial banks to facilitate the claimants and encash the deposits after due...
Forex reserves held by SBP rise by 6.19pc to $16.3b
Karachi: The total liquid foreign reserves held by the country stood at $21,358.0m on June 23, 2017. A weekly increase of 6.19pc...
Trump’s World Bank pick echoes calls for reform from other critics
WASHINGTON:Â President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution...
Parliamentary panel issues warning to foreign banks for non-cooperation
ISLAMABAD: Foreign banks have faced the ire of a parliamentary panel on finance for subverting its calls on an ongoing probe into...
Devaluation to hit poor, boost profits for influential sectors: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday said devaluation will increase the burden on poor, increase foreign debt and liabilities while...
Advances grow by 17 per cent in 2017, ADR improves to 53 per cent
KARACHI:Â According to a research report by Topline Securities, advances of the banking sector grew by 17 per cent in 2017 while the...
Profit repatriations increase to reach $2.1b during FY 2016-17
Karachi: An increase in profit repatriations have been reported again, as foreign entities have sent $2.1b in dividends and profits abroad during...
Rana Afzal for resumption of banking ties, trade with Iran
ISLAMABAD: Pakistan’s Minister of State for Finance Rana Muhammad Afzal has expressed optimism for an early resumption of banking ties between Islamabad...