FINCA, one of the leading micro-finance banks, has announced a strategic partnership with Karandaaz Pakistan, a non-profit finance generating organization… Read More
Pakistan’s New Shariah Regulations for Islamic Banks Are Credit Positive: Moody’s
Moody’s has reported that the adoption of new Shariah standards will help widen the issuer base and increase the availability… Read More
KASB-BankIslami Merger Verdict: SBP Ordered to Issue Fresh Notices to Shareholders
Sindh High Court has announced its verdict in the KASB vs SBP case. The Court has disposed of the petitions,… Read More
Crude Oil Prices Suddenly Jump to Their Highest Level in Over 3 Years
Oil prices rose on Thursday morning, hitting heights not seen since late 2014. The surge was reported in a Reuters… Read More
UBL Posts a 63% Decline in Profits in Q1 2018
United Bank Limited (UBL) has announced its financial results for Q12018 where the bank reported earnings of Rs 2.64 billion,… Read More
Rs. 8 Trillion in Irregularities Found in Govt Accounts, Twice the Size of Pakistan’s Budget
The AGP office says a total Rs 8.27 trillion worth of irregularities exist in the government accounts.… Read More
Foreign Investment in Pakistan Jumps by 69%
China remains the biggest investor in Pakistan during the first nine months of the financial year 2018 with an investment… Read More
Bank Al Habib Posts a 9.57% Decline in Profits in Q1 2018
Bank Al Habib (BAHL) announced its Q12018 financial results, posting a profit after tax of Rs 2.08 billion, down by… Read More
Banking Sector Key Contributor to Country’s Development: Miftah Ismail
Adviser to Prime Minister on Finance, Miftah Ismail, said that banking was a vibrant sector and a key contributor to… Read More
JS Company to Invest Rs. 1 Billion in EFU General Insurance
JS Company is going to make an investment of up to Rs. 1 billion in its associated company EFU General… Read More
Fauji Cement Posts a 28% Increase in Profits Despite Flat Sales
Fauji Cement Company Limited (FCCL) has posted a net profit of Rs 854 million in the third quarter that ended… Read More
Karandaaz Pakistan is Paving The Way for Financial Inclusion of Women
Karandaaz Pakistan arranged an international conference in Islamabad in partnership with The World Bank to share data insights on the… Read More
NBP & KPK Housing Authority to Provide House Financing for Govt Employees
National Bank of Pakistan and Provincial Housing Authority (PHA) of Khyber Pakhtunkhwa have signed a Memorandum of Understanding (MoU) to… Read More
SECP Registers 1,125 New Companies in March 2017
The Securities and Exchange Commission of Pakistan (SECP), in March, registered 1,125 new companies, raising the number of registered companies… Read More
Govt Launches Savings Scheme for Disabled People
The government has formally launched a savings scheme aimed to benefit disabled persons at par with Bahbood Savings Scheme. It… Read More
