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
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
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
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
Three of Pakistan’s Largest Banks Are Up for Sale
Some of the top profitable banks of Pakistan have been put up for sale, despite showing signs of healthy growth.… Read More
Moody’s Appreciates SBP’s Move to Ban Cryptocurrencies in Pakistan
Moody’s, in a recent research report, stated that State Bank of Pakistan (SBP) prohibits banks from dealing in virtual currencies,… Read More
SBP Allows Bank of China to Open Yuan Accounts of Local Banks
State Bank of Pakistan (SBP) has inked a Currency Swap Agreement (CSA) with People’s Bank of China (BOC). The objective… Read More
JS Apni League’s Success Shows How Brands Can Engage with Fans in a Meaningful Way
After a season of upsets, high octane contests and close calls, the recent PSL 2018 season is finally over. This… Read More
SECP Finalizes 7 Shariah-Compliant Financial Standards for Islamic Banks
The SECP has fast-tracked the adoption of Shariah standards to bring about harmonization and standardization in the business practices of… Read More
Meezan Bank’s Amir Ali Appointed as the Next CEO of Bank Islami
Syed Amir Ali has been appointed as the next CEO of Bank Islami in place of Hasan A Bilgrami by… Read More
SECP Wants Shareholders to Provide Correct Account Details for Electronic Payment of Dividends
The Securities and Exchange Commission of Pakistan (SECP) has given 45 days to shareholders of listed companies to provide relevant… Read More
Jaffer Business Systems Launch ‘Hysab Kytab’ App at the DigiBAP Summit
Jaffer Business Systems has introduced their mobile application “Hysab Kytab” for the first time, aimed at making the lives of… Read More
Decision Regarding KASB Bank Taken on Legally Sound Grounds Despite AGP’s Observations: SBP
The State Bank of Pakistan (SBP) restated that the decision concerning defunct KASB Bank has been taken on merit and… Read More
