Friday, April 19, 2019

ING and Bank of Queensland raise borrowing rates again

LONDON: Two of the nation’s most popular banks for borrowers are increasing variable mortgage rates by up to 15 basis points in response to...

Central banks buy most gold since 1971

LONDON: Central banks have bought the most gold in nearly 50 years as the precious metal profits from its  safehaven status, the World Gold...

State Bank reports sorry state of economic affairs

KARACHI: The State Bank of Pakistan released its First Quarterly Report on the State of Pakistan’s Economy for FY19. According to the report, the overall...

IMF urges Kuwait to implement deeper economic reforms

KUWAIT CITY: Kuwait needs to implement deeper reforms to secure adequate savings for future generations despite forecasts of stronger growth in its non-oil economy,...

Faysal Islamic Bank guard decamps with Rs6.5m

KARACHI: A private security guard posted at Defense Commercial Area branch of a private bank has allegedly decamped with Rs 6.5 million and other...

SBP launches M-Wallet scheme to promote remittances

ISLAMABAD: The State Bank of Pakistan (SBP) has launched Mobile Wallet scheme with more easy registration process to accelerate the flow of home remittances...

Foreign banks-funded projects reviewed

ISLAMABAD: A high-level meeting discussed and took an overall view of various foreign financed projects relating to environment, transport, water and power, urban development....

Meezan Bank sign MoU with KIA Lucky Motors

KARACHI: Meezan Bank signed a Memorandum of Understanding with KIA Lucky Motors Pakistan Ltd - a collaboration between KIA Motors Corporation, South Korea and...

Banks facilitated to provide loans to SMEs: FBR

ISLAMABAD: The mini-budget is aimed to provide incentives to the banks for advancing loans to micro-and small enterprises which would help boost economic activities...

ICCI eyes banking, agri sectors, industrial uplift

ISLAMABAD: The Islamabad Chamber of Commerce and Industry said that government has reduced income tax rate from 35 percent to 20 percent on income...

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