2018 was a tough year for United Bank Limited (UBL) after the bank’s profits sank by Rs. 10.9 billion due… Read More
Allied Bank Reports Another Profitable Year With Rs. 13 Billion in 2018
Allied Bank of Pakistan (ABL) has restricted the negative growth spree in its profitability as it has succeeded in maintaining… Read More
Google Maps Should Be Used for New Housing Projects: Report
Overseas Pakistanis and local investors can get accurate information if the maps of housing projects and societies are linked with… Read More
Banks are Violating Govt’s Orders on Hajj Operations
Some commercial banks have been involved in the flagrant violation of the government’s directives on Hajj operations, in order to… Read More
Pakistan’s Revenue Collection from Property is Less Than 1%
The revenue collection, in terms of taxes and duties from the real estate sector, stands at less than 1 percent… Read More
Public Transport in Karachi Sees A Reduction of 12,500 Mini Buses in 9 Years
Public transport has been getting worse in the commercial hub of the country, Karachi, as nearly 12,500 mini-buses have stopped… Read More
Property Prices in Karachi Have Increased by 130% in 5 Years: SBP
The marked improvement in the security situation has spiraled up the property prices up to 130 percent in the metropolis… Read More
Pakistan Will Miss Its GDP Target But Will Finally Achieve Economic Stability: SBP
State Bank of Pakistan (SBP) has projected that Pakistan’s GDP will grow between 4 and 4.5 percent in the financial… Read More
Govt Approves Sukuk Worth Rs. 200 Billion to Curtail Circular Debt
Economic Coordination Committee has approved the launch of Islamic Sukuk bonds worth Rs. 200 billion to reduce circular-debt. The issuance… Read More
UBL Closes Its Branch in New York
United Bank Limited has closed off its branch in New York on January 28, according to the official notification issued to Pakistan… Read More
SBP Directs PBA To Develop a Web Directory of Bank Defaulters
State Bank of Pakistan (SBP) has instructed Pakistan Banks’ Association (PBA) to develop a web directory of bank defaulters who… Read More
Govt’s Mini Budget Aims to Revitalize the Banking Sector
The present government is aiming to introduce reforms in the banking sector through finance supplementary bill to enhance the economic… Read More
U Microfinance Bank Set to Expand Its Branch Network to 200
The management of U Microfinance Bank plans to expand its branch network by 60 which will increase its overall touch-points… Read More
Allied Bank Upgrades its Bahrain Operations
Allied Bank Limited has booked a provision expense of Rs. 13.3 million in its Bahrain’s operation mainly to adopt the… Read More
Rizwan Ata Moves to Bank Islami
Rizwan Ata, a big name in the Islamic banking industry, has moved to Bank Islami to head its important commercial… Read More
