The boards of directors of NIB Bank and MCB Bank have decided to merge the two banks by way of… Read More
Conventional Banks Allowed To Use Separate System For Islamic Banking Branches
State Bank of Pakistan (SBP) has allowed conventional banks to establish a separate setup of online funds transfer mechanism for… Read More
US Dollar Crosses 108 Level Against Pakistani Rupee
The Dollar continues to appreciate against the Pakistani Rupee. It crossed the level of 108 during the past two weeks,… Read More
Official: Sindh Bank To Acquire Summit Bank
The Board of Directors of Sindh Bank has given a go-ahead signal to its management for conducting conduct due diligence… Read More
Mobilink Completes Repayment of Term Finance Certificates
Pakistan Mobile Communication Limited, the official name of the Mobilink, has concluded the payment of Term Finance Certificate (TFC) of… Read More
Summit Bank, Sindh Bank In Talks For Merger
Summit Bank’s board of directors said that merger with Sindh Bank will be disclosed as per official rules and regulations.… Read More
Dubai Based Group To Acquire Majority Stakes in Hascol Petroleum
UAE-Based Energy Group, Vitol Dubai Limited, has planned to buy 10 percent shares of Hascol Petroleum Limited, which will increase… Read More
PSX Sees Bullish Trend as Index Reaches All-Time High of 42,704 Points
Pakistan Stock Exchange (PSX) continued to follow upward trajectory amid rebound in global stock markets and rising international crude oil… Read More
Bulls Rule at PSX, KSE-100 Index Gains Record 1,404 Points
Bulls ruled at Pakistan Stock Exchange on the second day of the week as KSE-100 gained the highest ever 1,406… Read More
K-Electric To Be Sold to Shanghai Chinese Electric for $1.77 Billion
Chinese Shanghai Electric Power has entered into a definitive agreement with the Abraaj Group to buy 66.4% stake in its… Read More
Ali Asghar Jamali To Replace Pervaiz Ghias As CEO Indus Motors
Ali Asghar Jamali, Chief Operating Officer at Indus Motor Company Limited has been promoted as a new Chief Executive Officer… Read More
Pak Suzuki Profits Down By 55 Percent
Pak Suzuki Motors Company, the producer of Pakistan’s top selling cars, has witnessed a sharp decline in its profitability by… Read More
