Renowned Muslim Scholar Mufti Taqi Usmani has urged the Islamic banking professionals and other stakeholders of financial institutions to replace… Read More
Aleem Khan’s Park View Enclave Interested in Acquiring Silk Bank’s Majority Stake
Silk Bank has attracted the interest of Aleem Khan’s Park View Enclave for the acquisition of 51 percent of its… Read More
Packages Ltd to Invest Rs. 3.17 billion in Sanofi-Aventis Pakistan
Packages Limited has planned to invest Rs. 3.17 billion for the acquisition of a 35 percent stake in Sanofi-Aventis Pakistan… Read More
TRG International Has So Far Acquired Shares Worth $45 Million of TRG Pakistan
TRG International through Greentree Holdings Limited, a Special Purpose Vehicle (SPV) and a subsidiary, has so far acquired TRG Pakistan… Read More
HBL to Inject Rs. 1.4 Billion in Its Subsidiary
The management of Habib Bank Limited (HBL) has received a green signal from the State Bank of Pakistan for undertaking… Read More
Islamic Banking More Profitable Than Conventional Banking in Pakistan: Report
Conventional banks in the country lag behind Islamic banks on various fronts mainly on the major indicator of profitability. According… Read More
SBP Makes it Harder to Buy Cars Using Bank Financing
To curtail the import bill in the prevailing economic situation, the State Bank of Pakistan (SBP) has come up with… Read More
NBP to Shut Down its Operations in Paris
National Bank of Pakistan (NBP) has planned to shut its branch operations in the capital of France, Paris. The board… Read More
Banks Consider Filing Review Petition On Riba Case
A few commercial banks are mulling filing a review petition in the Supreme Court of Pakistan (SC) on the verdict… Read More
Foreign Direct Investment Declines during 10MFY22
Foreign Direct Investment (FDI) into the country dropped by 1.6 percent during the first ten months (July-April) of the current… Read More
Meezan Bank Joins The Rs. 2 Trillion Assets Club
Meezan Bank has achieved the landmark of Rs. 2 trillion in terms of the value of its assets, becoming only… Read More
YAP Pakistan Granted Approval to Launch E-Money Wallet Service
YAP, a leading fintech revolutionizing the digital banking experience in the Middle East, Africa and South Asia has announced that… Read More