Friday, March 22, 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...

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...

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...

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...

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...

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