The Monetary Policy Committee has decided to keep the policy rate at 5.75% for the next two months. This is… Read More
NBP Profits Hit by Rs. 48 Billion in Pensioner Payments
The profitability of the National Bank of Pakistan (NBP) is likely to receive a negative impact during the next two… Read More
Pak Suzuki to Setup Rs. 744 Million Auto Glass Plant in Pakistan
Pak Suzkui Motor Company will avail a financial facility of Rs. 744 million from Meezan Bank to set up a… Read More
Telecom Sector Receives $92 Million FDI in Jul-Aug
The investment in telecom sector is gradually increasing once again in Pakistan with the expansion and advancement of infrastructure of… Read More
Silk Bank Raises Rs 2 Billion Through TFC
Silk Bank has successfully raised an amount of Rs 2 billion through a Term Finance Certificate (TFC) for strengthening up… Read More
Summit Bank To Enhance Its Authorized Capital to Rs 28 Billion
Summit Bank’s Board of Directors has decided to enhance the authorized capital of the bank from Rs 25 billion to… Read More
SBP Targets 4.27 Million Farmers with its Agri Credit Outreach Program
The State Bank of Pakistan (SBP) has enhanced the credit outreach target to farmers by one million to 4.27 million… Read More
DLL Increases Bank Guarantee to $ 15 million for Tenaga Generasi
Dawood Lawrencepur Limited has increased the amount of guarantee from 10 million to USD 15 million, given to the Intercreditor… Read More
MCB Bank Posts Profit of 27% in H1 2017
MCB Bank has posted a staggering double digit growth in profits of up to 27% in the first half of… Read More
Shocking: Actual Price of Petrol and the Money Govt Makes Per Liter in Taxes
The government of Pakistan’s welfare state has been charging nearly 100 percent additional levy on petrol and diesel in the… Read More
Allied Bank Suffers Massive 31% Decline in Profits in H1 17
Allied Bank of Pakistan (ABL) witnessed a tough year as its profits declined by a massive 31% (Rs. 2 billion)… Read More
SBP Asks Banks To Appoint Ethical Officers for Addressing Customer Issues
In order to promote ethical behavior in their day to day operations in the organization, the banks should appoint ‘Ethics/conduct… Read More
