As the banking Industry’s lending to different sectors is increasing, its Non-Performing Loans (NPLs) also grew to Rs. 623 billion… Read More
You Can Now Get Exclusive Lease Deals on Honda Cars with Al-Baraka Bank
Al Baraka Bank Pakistan Ltd. (ABPL) has recently signed a Strategic Alliance Agreement with Honda Atlas Cars Ltd. Through this… Read More
Islamic Banking Industry’s Deposits Cross Rs. 2 Trillion Mark
With the rising acceptability of Islamic Banking services in the country, coupled with the increasing penetration of Islamic Bank mainly… Read More
Sindh Bank and Summit Bank Merger Gets Green Light from Shareholders
Sindh Bank and Summit Bank shareholders have approved the merger of both entities. Sindh Cabinet will now consider the proposal in… Read More
Emirates Islamic Launches a Service to Transfer Money Online to Pakistan in 60 Seconds
Emirates Islamic has announced that its 60-second online fund transfer service, ‘QuickRemit’, is now available for remittances to Pakistan. Emirates… Read More
NBP Records a 46% Growth in Profits in First Half of 2018
National Bank of Pakistan (NBP) recorded a profit growth of 46% in the first half of 2018 which grew to… Read More
Meezan Bank Posts An Impressive Profit Growth of 30% in Half Year 2018
Continuing its upward trajectory, Meezan Bank has recorded a handsome profit of 30 percent which increased to Rs 4.126 billion… Read More
IFC and SBP to Support Green Banking Initiatives in Pakistan
IFC, a member of the World Bank Group, and the State Bank of Pakistan (SBP) have signed an advisory agreement… Read More
Soneri Bank Posts Rs 975 Million Profit in H1 2018
Soneri Bank Limited has declared its profits for the half-year ended June 30, 2018. The growth of the bank increased… Read More
Federal Cabinet Sacks President NBP Due to Money Laundering Allegations
Federal Cabinet has ordered to sack the Chairman and President National Bank of Pakistan (NBP), Saeed Ahmed, after allegations of… Read More
Banks Ordered Not to Charge for Dam Donations Made Via Debit/Credit Cards
In order to boost up donations for the cause of construction of Diamer Basha and Mohmand Dams, State Bank of… Read More
Standard Chartered Bank Declares Rs 5.2 Billion in Profits for H1 2018
Like many other banks, Standard Chartered Bank (SCB) Pakistan suffered a negative growth in its profit for many consecutive quarters.… Read More
