The board of directors (BoD) at Arif Habib Limited has decided to sell out 100 percent stake of its subsidiary… Read More
JS Bank to Acquire 7.7% Stake in BankIslami
The management of JS Bank has decided to acquire 7.7 percent shareholding in BankIslami from its existing sponsors Emirates NBD… Read More
PSX to Delist Wyeth Pakistan Ltd Next Month
Pakistan Stock Exchange (PSX) has accepted the request of voluntary delisting of the Wyeth Pakistan Limited that will be an… Read More
Bank Financing for SMEs Surges to All-time High
Bank financing for Small and Medium-Sized Enterprises (SMEs) showed modest growth of 8.7% year-on-year in 2021 due to improvement in… Read More
Number of Bank Consumers Switching to Plastic Money Continues to Surge in Pakistan
The use of plastic money, including credit and debit cards, has shown modest growth in recent months, but the overall… Read More
SECP Asks Companies in PSX Islamic Index to Declare Halal Income
The Securities & Exchange Commission of Pakistan (SECP) has directed the listed companies of Islamic Index of Pakistan Stock Exchange… Read More
US Imposes $55 Million Fine on National Bank of Pakistan for Money Laundering
National Bank of Pakistan (NBP) has been fined $55 million by the US Authorities on the charges of violations of… Read More
Pakistani Freelancers Enjoy Massive Increase in Earnings
The global trend of working as a freelancer or remotely for foreign employers is becoming popular across the world, including… Read More
Standard Chartered Posts Modest 4% Profit Growth in CY2021
Maintaining a modest annual profit growth of 4.4 percent, Standard Chartered Bank achieved a profit of Rs. 13.7 billion in 2021… Read More
Assets Held by Mutual Funds Dip Below Rs. 1 Trillion
The values of assets under mutual funds being managed by asset management companies have decreased to below Rs. 1 trillion… Read More
Packages Ltd Acquires 19.3% Stake in Tri-Pack Ltd
Packages Limited has acquired 19.3 percent stake with a value of more than Rs. 1 billion in Tri-Pack Limited, which… Read More
MCB Posts Highest Ever Profit After Tax of Rs. 30.8 Billion For CY2021
Muslim Commercial Bank (MCB) has maintained its modest profit growth of 6.20% in 2021. The bank’s profit surged to a… Read More
