Friday, March 22, 2019

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...

BankIslami announces restoration of payment system

KARACHI: BankIslami on Monday announced via press release that its payment system had been successfully restored and was "absolutely secured", as it recovers from...

Govt releases Rs 151.17b for development projects

ISLAMABAD: The government has released Rs 151.17 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against the...

FPCCI demands industrial estate in Chakwal

LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) said that the Punjab Industrial Estates Development & Management Company (PIEDMC) should also...

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...

SBP launches crackdown against criminal activities

KARACHI: The State Bank of Pakistan (SBP) has begun a crackdown against criminals working in the formal payment system at financial institutions including conventional and...

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...

World Bank, ADB high-ups informed of Pak uplift targets

ISLAMABAD: Special Assistant to Prime Minister on Overseas Pakistanis Syed Zulfikar Abbas Bukhari on Thursday emphasized the need for collaborative efforts to achieve human...

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 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...

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