Number of branchless banking agents crosses 0.4mn
ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017.
The...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis...
FBR issues list of 88 countries for exchanging financial data
Karachi: A list of 88 countries has been notified and issued by the Federal Board of Revenue on Friday for auto swapping...
HBL profits fall by 1.8pc during Jan-June 2017
Karachi: In a notification sent to the bourse on Friday, Habib Bank Limited (HBL) one of the country’s largest bank by operations...
Chairman Bank Alfalah commits investment in digital, stays ambiguous over reports of potential sale
Bank Alfalah Limited Chairman Sheikh Nahayan Mabarak Al Nahayan neither confirmed reports regarding the sale of Bank Alfalah nor denied them while committing further investments in the IT and digital arm of the bank.
Exim Bank to start functioning from December
The proposed Export-Import Bank (Exim Bank) is likely to start functioning by December, the Senate Standing Committee on Commerce was apprised on...
Pakistan receives second $1bn Saudi tranche
Earlier, the State Bank of Pakistan (SBP) in November had received $1 billion from Saudi Arabia.
NBP president inaugurates Islamic banking branch in Chitral
KARACHI: National Bank of Pakistan (NBP) President Saeed Ahmad visited the Chitral valley and its adjoining areas where he inaugurated the first...
OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
SBP’s foreign reserves decline by $101mn
The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.
Foreign reserves held by the State...
SCB Pak earns profit of Rs 4.1bn in Q1 2017
Standard Chartered Bank Pakistan (SCB Pak) Thursday reported a Profit Before Tax (PBT) of Rs 4.1 billion in the first quarter 2017,...
SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...
Experts urge banks to collaborate with fintechs to provide better digital services
KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked...
OGDCL earns 78.736bn profit during FY2017-18
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has earned an after-tax profit of Rs78.736 billion during the financial year 2017-18 ended...
FIA calls for revamping ATM security
After arresting Chinese nationals for the second time in less than a year for allegedly stealing data through ATMs using skimming devices, the...