Wednesday, 27 July 2011 15:27
Posted by Abdul Ahad
KARACHI: National Bank of Pakistan NBP has selected IBM (NYSE:IBM) for Business Continuity and Resiliency Services (BCRS) to ensure uninterrupted services and protection of crucial data in the event of a disruption.
The new agreement enables NBP to meet stringent resiliency requirements of State Bank of Pakistan and reduce need for split-second decision making during an emergency, says IBM press release.
"NBP ITD took landmark initiative in June 2011 to consolidate all twelve regional centers into a centralized location. To mitigate risks of having all data in a centralized environment and to have proper disaster recovery, business continuity we selected IBM BCRS.
We selected vendor that has relevant expertise and capability to provide business continuity services required by EBS" said Mahmood Siddiqui, CIO of NBP. IBM solution will equip NBP with an improved processing capability, enable bank to run its core banking and payment solutions applications with a round the clock ...
1373
KARACHI: National Bank of Pakistan NBP has selected IBM (NYSE:IBM) for Business Continuity and Resiliency Services (BCRS) to ensure uninterrupted services and protection of crucial data in the event of a disruption.
The new agreement enables NBP to meet stringent resiliency requirements of State Bank of Pakistan and reduce need for split-second decision making during an emergency, says IBM press release.
"NBP ITD took landmark initiative in June 2011 to consolidate all twelve regional centers into a centralized location. To mitigate risks of having all data in a centralized environment and to have proper disaster recovery, business continuity we selected IBM BCRS.
We selected vendor that has relevant expertise and capability to provide business continuity services required by EBS" said Mahmood Siddiqui, CIO of NBP. IBM solution will equip NBP with an improved processing capability, enable bank to run its core banking and payment solutions applications with a round the clock ...
KARACHI: MCB Bank Limited Tuesday announced financial results for half year ended June 30, 2011 profit before tax Rs16.162 billion, 30 percent cash dividend declared (earning per share Rs12.64).
Board of Directors met today at Kuala Lumpur under chairmanship of Mian Mohammad Mansha to review performance of the bank and approve financial statements for half year ended June 30, 2011, says a press release.
MCB registered remarkable financial performance in half year ended June 30, ...
KARACHI: The State Bank of Pakistan (SBP) has allowed some relaxations in Export Finance Scheme (EFS) for the benefit of exporters whose export proceeds are overdue.An exporter shall be eligible to avail financing under EFS Part-I and Part-II, if the total amount of overdue export bills at the time of availing the EFS facility is not more than 5 percent of the previous year's export performance, says a SBP circular issued Saturday.In case overdue export ...
KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in 7-day reverse repo to inject funds into the money market.
The SBP did not say how much money it would inject through the open market operation.
Copyright Reuters, 2011 ...
FAISALABAD: The disbursement of agriculture loans among small farmers for current season would continue under one window operation by Zarai Taraqiati Bank Limted (ZTBL) till end of current month.
According to ZTBL sources, the loans would be issued to farmers having 25 acres of irrigated land and 50 acres of non-irrigated (barani) land on pass books.
These loans are being issued on easy terms and conditions, they added. In this regard, applications are being received on every ...
KARACHI: NBP has outperformed all banks in Pakistan according to The Banker magazine of UK in its Top 1000 World Banks 2011 survey.
Every year The Banker publishes a list of Top 1000 banks based on strength, size, soundness, profit and performance.
Based on Tier 1 capital strength, NBP has been awarded the top bank rank in Pakistan.
Among global leading banks from Pakistan, NBP was top ranked again in 2011, which enabled the bank to ...
ISLAMABAD: The country needs huge investments in the infrastructure development sector to promote business activities.
"Lack of infrastructure has been a big hurdle in the economic progress of the country putting strains on smooth growth of trade and industrial activities. Therefore, the government should involve private sector by moving to public-private partnership paradigm for developing the country's infrastructure at a fast pace", Mahfooz Elahi, President Islamabad Chamber of Commerce and Industry (ICCI) said in a statement ...
