SBP reserves decreased due to external debt repayment
The total liquid foreign reserves held by the country stood at US$ 22,773.8 million on 19-November-2021. The break-up of the foreign reserves position is as under:- Foreign reserves held by…
Pakistan’s foreign reserves fall last week: SBP
According to the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country was decreased and stood at US$ 20,058.6 million on 12-February-2021. The break-up of…
TPL Insurance collaborates with Let’s Compare to Provide Insurance Products
TPL Insurance, Pakistan's first direct insurance Company, has entered into a strategic partnership with Let's Compare. An MoU was signed between the two companies at the TPL Insurance Head Office…
Meezan Bank engages Sehat Kahani to provide free online medical consultation to its employees and families
Meezan Bank, Pakistan's first and largest Islamic bank, has partnered with Sehat Kahani – an e-health services provider offering healthcare through telemedicine solutions to extend medical benefits to its employees…
EFU General conferred 14th Consumers Choice Award 2019
EFU General has been conferred with the 14th Consumers Choice Award 2019 in the category of Best General Insurance Company of Pakistan. Mr. Altaf QamruddinGokal, Chief Financial Officer received this…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$15,003.7 million on 27September2019.The break-up of the foreign reserves position is as under:- Foreign reserves held by the State…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$14,889.9 million on 31May2019.The break-up of the foreign reserves position is as under: - Foreign reserves held by the…
JazzCash to facilitate NBP in its service of excise & taxation department
A signing ceremony between JazzCash, National Bank of Pakistan and Excise & Taxation Department, Government of Balochistan took place in Quetta, Balochistan. Under this agreement, JazzCash has become the official…
Bank Alfalah signs agreement to transfer Afghanistan operations to Azizi Bank
In a joint ceremony held in Dubai, Bank Alfalah Ltd signed an agreement to transfer its Afghanistan Operations to Azizi Bank, a leading financial institution in Afghanistan. Bank Alfalah's Afghanistan…
NBP earns net profit of Rs. 4.89 bn, 16.5% up YoY
Meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on April 27, 2018 at the Bank's Head Office in Karachi in which the BoD…
Standard Chartered promotes Gateway to ‘Belt and Road’ opportunities
Experts from Standard Chartered's Greater China Region hosted road shows in Sri Lanka, Bangladesh and Pakistan to outline the benefits of and investment opportunities from China's B&R initiative, together with…
MCB Bank announces mixed financial results for the 1QCY 2018
The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 25, 2018 to review the performance of the Bank and approve the…
Bank Alfalah’s profit improves 17 percent YoY in 1Q 2018
The Board of Directors of Bank Alfalah in their meeting held on 19 April 2018, approved the Bank's un-audited financial statements for the quarter ended March 31, 2018. The Bank's…
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…
SBP: Online Collection of Government taxes and duties launched
The SBP and FBR today formally launched online tax collection system. This will allow the tax payers to pay FBR taxes and duties using internet banking accounts or ATMs without…
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…
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…
Standard Chartered PLC releases its results for the year ended 31 December 2017
Standard Chartered PLC (the Group) today releases its results for the year ended 31 December 2017. "The transformation of the Group continued in 2017 with the significant improvement in underlying…
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…
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…
NBP earns profit of Rs. 23.03 bn, 1.2% up YoY
Meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on February 20, 2018 at the Bank's Head Office in Karachi. The BoD approved the…
Khushhali Microfinance Bank’s Pre-tax profit increases by 40%, clocking in at Rs.2.5billion
Khushhali Microfinance Bank Limited (KMBL) posted its financial results for the year 2017on 14February 2018 in Islamabad, posting appreciable growth in bottom line, accompanied with a dividend of Rs 0.53/share.…
NBP wins eight corporate social responsibility awards
National Bank of Pakistan (NBP) bagged eight awards at the two prestigious CSR Summit and Award ceremonies, organized in Karachi and Islamabad respectively. Impressed by NBP's vision and implementation of…
NBP sponsors annual program of mass marriages
Pakistan Hindu Council held their annual program of mass marriages recently in which 100 Hindu couples from urban and rural Sindh got married in a grand ceremony at YMCA Ground,…
Overseas Pakistanis remit US $11.4 billion in the first seven months of FY18
Overseas Pakistani workers remitted US $11383.47 million in the first seven months (July to January) of FY18, showing a growth of 3.55 % compared with US $10993.48 million received during…