MCB Bank and TCS enter into alliance for mutually beneficial services

MCB Bank Ltd, one of Pakistan’s largest private sector banks, has entered into an agreement with one of the country’s largest logistics services providers TCS Pvt. Ltd. for mutually beneficial services. With the collaboration, MCB customers will gain access to affordable holiday packages to premium destinations worldwide through TCS Intiana Travel and Tours services.

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SBP will continue to closely monitor the foreign exchange markets

According to State bank of Pakistan, today, the PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ and witnessed an intraday high and low of PKR 116.25 per US$ and PKR 110.60 per US$, respectively.

Exports and workers’ remittances have posted promising growth rates of 12.2 percent and 3.4 percent respectively during July-February FY18 after showing a decline in the same period last year.

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Meezan Bank’s President visits KATI

Meezan Bank’s President & CEO Irfan Siddiqui has said that stability of Banking sector is a matter of national interest, prosperity of industry and trade is directly link to the prospers banking industry, he was talking to office bearers of Korangi Association of Trade & Industry(KATI) on his visit to the association.

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NBP says PTI statement baseless

The clarification is with reference to the statement issued by Haleem Adil Sheikh, Senior Executive and Vice president of PTI (Sindh), which are deemed baseless and untrue. National Bank of Pakistan (NBP), strongly refutes the baseless acquisitions linked with the serving CEO and President of NBP, Mr.

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Bank Alfalah earns PAT of Rs. 8.36 bn

The Board of Directors of Bank Alfalah Limited met in Abu Dhabi under the chairmanship of His Highness Sheikh Nahayan Mabarak Al Nahayan, on Sunday to review the performance of the Bank and approved the financial statements of the Bank for the year ended December 31, 2017.

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