Friday, May 24, 2019

Bank of Punjab declares 7.5pc cash dividend

LAHORE: The Bank of Punjab (BOP) announced and recommended a cash dividend of 7.5 percent for shareholders for the year 2018, after a period...

Khushhali Bank profit soars by 40pc to Rs3.5b

ISLAMABAD: Khushhali Microfinance Bank Limited (KMBL) posted its financial results for the year ended December 31, 2018 in Islamabad. With a marked improvement in...

Barclays profits slip as bank sets aside £150m for Brexit

LONDON: Profits missed estimates at Barclays last year, the bank revealed, as it set aside £150m for Brexit and paid out billions of pounds...

SBP governor sees economy on the right path

KARACHI: State Bank of Pakistan Governor Tariq Bajwa has said the country has come out of the financial crisis with the help of friendly...

Telenor Bank, CDC sign MoU to facilitate account holders

LAHORE: Telenor Microfinance Bank (TMB) and the Central Depository Company of Pakistan Limited (CDC) have signed a Memorandum of Understanding (MoU) at CDC House...

World bank for improving water use efficiency in Pakistan

HYDERABAD: A world bank report on Pakistan’s water situation has pointed out that water availability per person is comparatively low in the country. The report...

India central bank surprises with a rate cut

MUMBAI: India's central bank unexpectedly lowered interest rates and, as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy...

State Bank of Pakistan raises policy rate to 10.25pc

KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa on Thursday announced a 25 basis point increase in the policy rate, bringing it to...

NBP, Mobi-Direct sign final agreement

KARACHI: The National Bank of Pakistan (NBP), in continuation of the two MoU’s signed with Mobi Direct in August 2018, has now signed a...

Islamic banking rapidly growing, SBP tells Senate body

ISLAMABAD: The representatives of the State Bank of Pakistan informed Senate Standing Committee on Finance here on Thursday that Shariah Compliance, Islamic banking was...

Stay connected

0FansLike
1,299FollowersFollow
11,166SubscribersSubscribe