12082016Thu
Last update: Thu, 08 Dec 2016 04pm

Banking & Finance

Pakistan - Banking & Finance

NBP maintains profit growth after-tax profit up by 11pc YoY ISLAMABAD: The meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was informed on Thursday that Bank's after-tax profit for the nine-month period increased by 11% to Rs.13.4 billion compared to Rs. 12.1 billion for the corresponding nine months of 2015.Syed Ibne Hassan Vice President/Spokesman -National Bank of Pakistan (NBP) Corporate Communication and Brand Management Division in a statement issued today said that Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on October 27, 2016 at Bank's Head Office in Karachi.He said that during the meeting the BoD approved the financial statements of the bank for the nine months period ended September 30, 2016.He added that Bank's after-tax profit for the nine months period increased by 11 percent to Rs.13.4 billion compared to Rs.12.1 billion for the corresponding nine months of 2015. This translates into earnings per share of ...

Pakistan - Banking & Finance

Pakistan Post starts `mobile money order' service ISLAMABAD: The Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize the money order service at Pakistan Post.According to a private news service, under the agreement, Karandaaz Pakistan will provide technical support in designing a new product called the `mobile money order' from conceptualization to deployment at Pakistan Post.The agreement was signed between Fakir Syed Shaharyaruddin, DG Pakistan Post and Ali Sarfraz Hussain, CEO Karandaaz Pakistan, at a ceremony held in Islamabad.The ...

Pakistan - Banking & Finance

SBP auctions Rs90.223bn MTBs KARACHI: State Bank of Pakistan on Wednesday sold Government of Pakistan's market treasury bills (MTBs) for Rs 90.223 billion.The face value of these MTBs is Rs 92.382 billion, said SBP statement here.The bids for the MTBs, having maturity period of 3,6 and 12 months, were invited through SBP's Primary Dealers.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

‘Structural Reforms Programme’ of CDNS on cards ISLAMABAD: Proposed "Structural Reforms Programme" of the Central Directorate of National Savings (CDNS) would be announced shortly in order to provide better service delivery to the customers, a senior official said here."CDNS reforms programme approved by the Cabinet in 2007, for purpose of structural changes in prime institute of economic significance to provide better delivery service and equipped with modern tools for shifting from manual to innovative Information Technology (IT) services", he said while talking ...

Pakistan - Banking & Finance

BoK earns Rs 1.5 billion profit for 3rd quarter ISLAMABAD: The Bank of Khyber (BoK) earned Rs 1.5 billion Profit after Tax (PAT) for the nine months period ended September 30, 2016 showing an increase of 22% over the corresponding period of 2015.This was informed to the Board of Directors during presentation of 3rd quarterly accounts of the Bank for the period ended September 30, 2016 in its 140th meeting held here on Tuesday.The meeting was chaired by Finance Secretary Government of Khyber Pakhtunkhwa, ...

Pakistan - Banking & Finance

SBP to issue Rs.10 regular coin from Monday ISLAMABAD: The State Bank of Pakistan (SBP) will issue Rs.10 regular coin from Monday (Oct 24) through the exchange counters of all the field offices of SBP Banking Services Corporation.The Federal Government through a notification authorized the SBP to issue Rs.10 regular coin, said SBP press statement."This coin will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from 24th October, 2016," said SBP statement. The coin is ...

Pakistan - Banking & Finance

SBP injects Rs957bn into market KARACHI: State Bank of Pakistan on Friday injected Rs 957 billion in money market.The bank has injected the amount for seven days through its open market operation, says SBP statement here.Copyright APP (Associated Press of Pakistan), 2016 ...