Friday, May 24, 2019

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...

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...

World Bank okays tribal districts’ uplift plan

PESHAWAR: President Sarhad Chamber of Commerce and Industry (SCCI), Faiz Muhammad Faizi Monday termed construction of Khyber Pass Economic Corridor by World Bank as...

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...

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