State Bank of Pakistan (SBP) has directed banks to use the option of disinfecting currency notes through machines certified by… Read More
SBP Issues Guidelines for DFIs to Undertake Shariah Compliant Business
To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another… Read More
Silk Bank Records a 16X Jump in Net Profits During H1 2020
Silk Bank Limited has made a surprise recovery from massive losses to handsome profitability, which stood at Rs. 1.88 billion… Read More
Servis Industries Ltd. Plans to List Its Subsidiary at PSX
In order to raise capital, Servis Industries Limited has planned to list its wholly-owned subsidiary, Servis Global Footwear Company at… Read More
SBP Allows Use of Limited Outsourcing of Cloud Services To Financial Institutions
State Bank of Pakistan (SBP) has allowed the use of limited outsourcing of cloud computing services to banks and financial… Read More
HBL To Inject Rs. 500 Million in its Subsidiary
Habib Bank Limited (HBL) will inject an amount of Rs. 500 million in its subsidiary, HBL Asset Management Company to… Read More
Islamic Banking’s Investment Has Reached Rs. 900 Billion: SBP
The investment of the Islamic Banking Industry (IBI) has surged to an all-time high of nearly Rs 0.9 trillion by… Read More
SBP Issues Rules of Investment for Naya Pakistan Certificates
The State Bank of Pakistan (SBP) has notified the Rules for Investment in ‘Naya Pakistan Certificates’ that are issued by… Read More
Malik Riaz’s Bank To Offer Islamic Housing Financing for Bahria Town
EIBL is planning to issue Shariah-compliant housing finance and micro-financing products along with the previously offered interest-based products… Read More
Karachi’s Sewerage Network Has Had Only Minor Maintenance Since 1960s: Study
Heavy rains have made a huge impact on the normal routine and business activities in Karachi affecting the whole economy… Read More
Cabinet Approves to Start International Ferry Service from Pakistan
The federal government has given a green signal to the ministry of maritime affairs to start ferry services from all… Read More
Al Baraka Bank Records Staggering Growth of 693% in H1 2020 Despite COVID-19
Al Baraka Bank has sustained its growth in the first half of 2020 with a staggering increase in profit of… Read More
