Loading Stock data...

Just in

Myanmar opposition members 'held' over protest

RECORDER REPORT: KSE mid day update

TAPI gas line project: GSPA with Turkmenistan likely tomorrow

Pakistan disciplines officers over PNS Mehran base attack

Pakistan, US signal cautious optimism on supply routes

Iran concerns lift oil prices in Asia

TCP to procure 0.2mn tons of sugar from mills

Pakistan, Turkey to sign BIT

Import of secondary quality ETP: ECC approves duty reduction despite FBR op...

Neelum Jhelum Hydropower Project: Planning Commission projects 292pc cost o...

12:56:36 PM

Tuesday, 22 May 2012

Banking & Finance

Agri credit disbursement up by 15 percent YoY basis

Tuesday, 22 May 2012 10:39

RECORDER REPORT KARACHI: Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in the first ten months (July-April) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.688 billion in July-April, 2012 when compared with total disbursement of Rs 194.157 billion in the same period of the last fiscal year. Overall credit disbursement by five major commercial banks including Allied ...

SBP injects Rs 27.450bn

Monday, 21 May 2012 15:24

KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 27.450 billion in the banking system. According to SBP here Monday, the offered amount was Rs 54.200 billion while the rate of return stood at 11.60 percent per annum. Copyright APP (Associated Press of Pakistan), 2012 ...

Islamic banks advised to distribute their profit on Islamic principles

Saturday, 19 May 2012 19:44

KARACHI: Speakers at the 1st Islamic Finance Expo and Conference have asked Islamic banks to distribute the profit among shareholders and depositors alike and on the basis of Islamic principle of justice. They said that depositors hand over their savings to Islamic banks and it is their duty to also give a fair return to depositors on their saving and fo not just ensure the interest of shareholders of the bank. They advised Islamic banks to simplify ...

Islamic banking records robust growth: experts

Friday, 18 May 2012 17:41

KARACHI: Islamic banking has recorded a robust growth in the country in the last few years and can further expand tremendously with the help of effective legislation and introduction of more products. These were the views of speakers and Shariah advisors of Islamic banking at the 1st Islamic Finance Expo & Conference 2012, being held at Karachi Expo Centre with the support of State Bank of Pakistan. They said that total assets of Islamic banking in Pakistan ...

Cash management system to manage deposits, releases

Friday, 18 May 2012 15:06

KARACHI: The Karachi Stock Exchange (KSE) will discontinue manual processing of cash deposits and release in near future and will implement cash management system (CMS) to manage all auto-deposit and auto-release of cash margins. This system will also manage market-to-market differences and other changes related to KSE clearing houses. KSE has advised its members to get CMS facilities at the earliest to their own benefit. The new system will ensure that all cash releases must be routed ...

NAB distributes Rs 32.2m among `Double Shah' scam victims

Thursday, 17 May 2012 16:35

LAHORE: The Punjab National Accountability Bureau (NAB) Thursday distributed Rs 32.2 million among 250 victims of Tasawar Hussain Gillani involved in `Double Shah' scam. NAB Director General Khurshid Anwar Bhindar distributed cheques in a ceremony held here. He said, accused Tasawar Hussain Gillani initially worked as a partner of Double Shah, but subsequently he formed a seperate group and looted Rs 1932.74 million directly from people through agents. "NAB Punjab after taking the cognizance of Double Shah ...

SBP to implement IBAN standard in Pakistan

Tuesday, 15 May 2012 21:17

KARACHI: The State Bank of Pakistan (SBP) has decided to implement International Bank Account Number (IBAN) standard in the country with a view to bringing about account code standardization and efficiency in processing of payments for domestic as well as cross border transactions. The IBAN guidelines issued by SBP Tuesday contain details for IBAN generation, validation and implementation timelines. These guidelines have been developed in consultation with Pakistan Banks' Association (PBA) nominated committee on IBAN. All participants ...

China Wholesale

10369.78 258.2

BR Text Link Ads

China Travel Agency

Dresses

Elephant Car Hire

BUSINESS RECORDER: Pakistan News\| World News\| Business & Finance News\| Market News\|Sports News\|e-Paper AAJ TV: Latest News\| World News\| National News\| Exclusive News\| Business News PLAY TV: Entertainment News\| Programs\| VJs\| Videos

Home\| Pakistan\| World\| Business & Finance\| Markets\| Market Data\| Sports\| Arts & Leisure
© Copyright Business Recorder. All rights reserved.
Disclaimer \| Privacy Policy \| Terms of Use \| Contact Us \| Careers \| Help \| Site Map	Aaj TV \| Aaj TV Urdu \| Stock News \| Play TV

Name:	*
Username:	*
E-mail:	*
Password:	*
VERIFY_PASSWORD:	*
REGISTER_REQUIRED