Standard Chartered posts highest-ever profit of Rs18.5bn
KARACHI:Â Standard Chartered Bank (Pakistan) Limited on Wednesday announced its annual results for 2018.
The bank performed exceptionally well in the year and delivered...
ADB appoints Ahmed M Saeed as vice president
The Asian Development Bank (ADB) has appointed Ahmed M Saeed as Vice-President. Saeed will be responsible for operations in the Southeast Asia...
14 banks to remain open this weekend to facilitate Hajj applicants
In order to facilitate the aspiring pilgrims in depositing Hajj applications, the State Bank of Pakistan (SBP) has directed 14 designated banks...
Bank Alfalah records over Rs10bn profit in 2018
The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on 21st February 2019, approved the Bank’s audited...
NBP posts highest-ever revenue of Rs97bn
KARACHI: The meeting of the Board of Directors (BoD) of National Bank of Pakistan (NBP) was held on Friday at the bank’s head...
SBP rebuffs statements attributed to Governor Bajwa, terms them ‘misleading’
ISLAMABAD: The State Bank of Pakistan has rebuffed a news report entitled 'Pakistan has come out of financial crisis: SBP governor' published on...
FATF terms Pakistan’s progress ‘limited’, calls for swift completion of action plan
It directed Pakistan to demonstrate that remedial actions and sanctions be applied in cases of AML/CFT violations and that these actions have an effect on AML/CFT compliance by financial institutions
Bank Alfalah posts earnings of Rs11 billion for CY18, registering 28% growth YoY
Bank Alfalah announced a dividend of Rs1.5 per share for the quarter taking a total payout for the year to Rs2.5 per share
MCB reports Rs21.36bn profit after tax
LAHORE:Â The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha on Wednesday to review the performance...
In sharp U-turn, monetary policy easing back in play across Asia
A softer dollar and lower oil prices played an important role in the turnaround. But crucially for Asia, regional growth engine China is having a worse than expected start to the year and is exporting disinflation to the rest of the region
SME financing by banking industry reaches historic level of Rs500bn
Growth in SME financing was more prominent in the last six months of 2018, wherein it registered an increase of 25pc
ISLAMABAD:...
Pakistan has steered itself out of financial crisis: SBP governor
Mr Bajwa said a plan had been formulated to banish the current account deficit and work in this regard was in progress
Bank lending for ‘real economy’ key to boost China growth: central bank official
China’s banks made the most new loans on record in January following a series of moves to boost lending as authorities try to prevent a sharp slowdown in the world’s second-largest economy
Withholding tax collection on profit from government securities nosedives 25%
During July-January of current FY19, the collection of withholding tax from banking deposits soared 221% and counterbalanced the fall in tax collection from profit on government securities
Total external debt & liabilities soar to $99.1 billion by end of December 2018
During the first half (July-December) of FY19, the government procured $11.3 billion loans from several countries compared to $8.6 billion till the end of June last year