Kuwait reiterates request to Dubai to release $496 million frozen funds
DUBAI: Kuwait reiterated its request to Dubai to release $496 million in frozen funds held for over a year and belonging to...
Bank of Punjab announce financial results for 1st Q 2017
A meeting of the board of directors of the Bank of Punjab was held on April 27, 2017, to consider and approve...
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
NBP in financial doldrums, as it assesses impact of Rs47.8b penalty by Supreme Court
Islamabad: National Bank could be in danger of a financial meltdown as its equity will get eroded by 1/4th said its President...
SBP gives go-ahead to NIB bank’s merger with MCB
Lahore: The State Bank of Pakistan (SBP) has granted approval for the merger/amalgamation of NIB Bank Limited with and into MCB Bank Limited...
NBP declares Rs 22.8bn PAT in 2016 up by 18%
The meeting of board of directors of National Bank of Pakistan (NBP) was held today at NBP Head Office Karachi and it...
ITU Fintech Centre inks agreement with Karandaaz Pakistan
ISLAMABAD: Information Technology University (ITU) of Punjab and Karandaaz Pakistan entered into an agreement to initiate three research projects through the Fintech Centre...
Dominique Russo appointed CEO of Abu Dhabi Group
The Abu Dhabi Group, which owns and operates Bank Alfalah, has introduced Dominique L Russo as its new chief executive officer.
According to...
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
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...
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...
NBP to receive preparatory license to open branch in China
BEIJING
The National Bank of Pakistan (NBP) will be granted a preparatory license by the Chinese government to establish a branch in the...
SBP to brief Senate body on airline remittances, forex
ISLAMABAD: The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics Control would be briefed on Tuesday on foreign exchange remittances by...
Saudi Arabia’s central bank warns global slowdown may hit growth
ABU DHABI: Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on...
NBP appointment policy issue referred to SBP for investigation
ISLAMABAD: The National Assembly’s Standing Committee on Finance, Revenue, Economic Affairs Friday decided to refer the National Bank of Pakistan’s (NBP) new...