Friday, May 24, 2019

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....

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...

Banks issued guidelines to tighten cyber security

KARACHI: In the aftermath of a local bank reporting a loss of Rs2.6 million last month, the State Bank of Pakistan (SBP) issued a...

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...

SC moves for new dams construction

ISLAMABAD - The Supreme Court on Wednesday ordered relevant authorities to immediately initiate work on Diamer Bhasha Dam and Mohmand Dam, and constituted an execution...

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...

Finance Minister says no economic crisis in the country

ISLAMABAD: Finance Minister Asad Umar on Tuesday rejected the notion that the country is facing an economic crisis, saying the "financing gap for the...

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...

SBP moves to regulate banks’ overseas operations

KARACHI: After two of the country’s largest private banks had their skirmishes with regulatory authorities in the United States, the State Bank of Pakistan...

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...

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