Habib Bank Limited is curtailing its overseas operations and is shutting down another subsidiary, HBL Bank UK in Rotterdam, Netherlands.… Read More
Net FDI Inflows to Pakistan Cross the $2 Billion Mark
Pakistan has continued to receive handsome inflows and the net Foreign Direct Investment (FDI) crossed the $2 billion mark in… Read More
Govt to Issue Sukuk of Over Rs. 600 Billion Against Karachi Airport
The government is planning to issue a Sukuk of Rs. 600-700 billion against Jinnah International Airport, Karachi in the next… Read More
Pakistan Flour Mills Association Fined Rs. 75 Million for Illegally Increasing Prices
Competitive Commission of Pakistan (CCP) has imposed a heavy penalty of Rs. 75 million on Pakistan Flour Mills Association (PFMA)… Read More
Here Are The Top 10 Most Profitable Banks of Pakistan in 2019
Pakistan’s banking industry was in flux during the past five years as the discount rates dramatically reduced to 5.75 percent… Read More
FinTech Association of Pakistan is On The Cards
In order to tap digital financial solutions in the country, the tech-savvy market players are mulling to constitute a FinTech… Read More
Net Foreign Direct Investment Surges to Over $1 Billion in Jul-Oct 2019
Net Foreign Direct Investment (FDI) has recorded handsome inflows in different sectors from various countries as it surged to more… Read More
Current Account Reports an Increase of $99 Million After 4 Years
Pakistan’s current account balance was positive with a $99 million surplus in October 2019, according to data released by the… Read More
Slow Economy: Businessmen Almost Stop Taking Loans from Banks
Whether it’s the manufacturing or service sector, a major section of businesses have stopped taking loans from commercial banks due… Read More
Bank Al Habib To Acquire 70% Stakes in Habib Asset Management Co. For Rs. 152 Million
Independent directors of Bank Al Habib have finalized a deal to acquire 70 percent shares of Habib Asset Management Company… Read More
Allied Bank’s Deposits Reach Rs. 1 Trillion
Allied Bank Limited (ABL) has become the fifth bank in Pakistan to mobilize deposits worth Rs. 1 trillion. ABL is… Read More
Pak Datacom Limited’s Profit Grows 367% in FY 2019
Pak Datacom Limited (PDL), a telecom infrastructure provider and a data network operator, recorded a massive growth in its profit… Read More
