State Bank of Pakistan (SBP) has asked commercial and microfinance banks to follow the government’s directives for providing jobs to… Read More
Economic Activity to Remain Slow in 2nd Half of FY20: SBP
While macro stabilization measures have started showing favorable results, particularly on the external front, the economic activity is expected to… Read More
Bank of Punjab Reports 12% Growth in Profits During Q1-Q3 2019
Bank of Punjab (BoP) has reported double-digit profit growth of 12 percent for the first three-quarters of 2019 compared with… Read More
Bank Alfalah’s Profit Grows to Rs. 9 billion in Q3 2019
Bank Alfalah maintained its growth in profitability, which increased 7 percent year-on-year to stand at Rs. 9.2 billion by the… Read More
MCB Remains Pakistan’s Most Profitable Private Bank in Q3 2019
MCB Bank’s profit increased by 14% year-on-year to Rs. 16.29 billion in the third quarter of 2019, according to the… Read More
UBL Makes a Record 50% Growth in Profits During Q1-Q3 2019
United Bank Limited (UBL) has sustained its profitability, benefiting from the high-interest regime, showing a yearly growth of 50 percent… Read More
MCB Bank To Sell off Its Subsidiary for Rs. 89 Million
According to MCB’s stock filing, the private sector bank has signed a sale purchase agreement with ISE Towers RIET Management… Read More
Bank Alfalah to Facilitate BISP Fund Disbursements Throughout Pakistan
On the 10th of October 2019, Bank Alfalah and Benazir Income Support Program (BISP) joined hands in a formal contract… Read More
HBL’s Profit Before Tax Doubles in Q3 2019
HBL declared profit before tax of Rs. 8.4 billion in the third quarter of 2019, more than double over the… Read More
Complex Legal Structures May be Used to Facilitate Money Laundering: SECP
The Securities and Exchange Commission of Pakistan (SECP) says that complex legal structures may be used to hide the ‘ultimate… Read More
Bank Accounts of Overseas Pakistanis Will Not be Closed: SBP Tells Senate Body
The State Bank of Pakistan promised the Senate Body that the bank accounts of overseas Pakistanis will not be closed… Read More
JS Bank Becomes First in Pakistan to Launch Self-Service Banking on WhatsApp
Digital systems have changed the way people communicate and now the way they bank. JS Bank, one of Pakistan’s fastest-growing… Read More
