Pakistan seeks help to set up institution for financing development

Pakistan is seeking the support of international financial institutions (IFI) to set up a new institution to facilitate long-term investment for infrastructure...

Strong deposit growth bodes well for Pak banks

    Deposits at Pakistan’s commercial banks reached Rs11.2 trillion as of December 30, 2016, some 20.4 per cent year-on-year growth in deposits compared...

NIB-MCB merger process hits a snag

Former employee obtains legal injunction Singapore government-owned Temasek Holdings likely to approach Pakistani government to protect its investments A former employee of...

Pak Oman purchases AIML’s 100pc share from Askari Bank

The Pak Oman Asset management Company Ltd (Pak Oman) will acquire 33.5 million or 100 per cent shares of Askari Investment Management...

Digital Distribution – The Case for Digitizing Pension Payments in Pakistan

Pension payments in Pakistan constitute one of the largest payouts at an institutional level in cash. With modern technology bringing a wave...

Weekly review: Index witnesses one of its most robust weeks in recent history

The Benchmark KSE-100-Share Index witnessed a historic week with spirited investor interest as political tension wear off during the first two days....

Stock market records highest ever day-gain after federal capital’s lock-down called off

Karachi Pakistan’s stock market made a resounding comeback to record highest-ever day-gain in its history following Imran Khan's announcement to call off his Dharna...

Bank of Punjab is back in the game

GOP promises more funds on top of Rs17 billion already deposited The Bank of Punjab (BOP) has shown a phenomenal recovery in the...

Consumers lose money amid falling demand for old 100-dollar bills

Moneychangers, banks exploiting situation as regulator looks the other way

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...

MCB all set to acquire NIB Bank

MCB Bank has completed the due diligence for acquiring NIB Bank Limited. The acquisition is being made in order to scale-up operations...

SECP introduces non-banking microfinance regulatory framework

The Security Exchange Commission of Pakistan (SECP) has filled up the regulatory vacuum in the microfinance sector by introducing non-banking microfinance regulatory...

ICCI lauds SBP’s plan to provide Rs 400b loans to SMEs

The Islamabad Chamber of Commerce and Industry (ICCI) on Thursday lauded the plan of State Bank of Pakistan to extend loans of...

Bank AL Habib current plus account

Bank AL Habib current plus account is a current account that meets all business and individual needs. The Account with no minimum...