Trends - bank - Business Recorder

bank

Citi announces head of banking and executive vice chair of bank

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Published 02 Mar, 2024 04:16am

Business & Finance

Standard Chartered Pakistan posts record PBT of Rs89.2bn

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank announced...

Published 24 Feb, 2024 06:42am

Business & Finance

Dollar manipulation: SBP says probe complete, decision to be made on fiscal or regulatory action

Action would be taken by either the SBP or government, but dual action cannot be taken, says central bank governor Jameel Ahmad

Updated 23 Jan, 2023 07:42pm

BR Research

Much ado about nothing?

Banks are under scrutiny for making so called exuberant profits on foreign exchange earnings. Some of have made more...

Published 22 Sep, 2022 09:01am

Business & Finance

NBP says 'fully committed to satisfying US regulators' expectations' after over $55mn fine

In notice to PSX, bank says penalties 'focused on historical compliance program weaknesses and delays in making compliance-related enhancements'

Published 25 Feb, 2022 03:57pm

Pakistan

US authorities fine Pakistan's NBP $55mn for 'money-laundering', 'compliance failures'

In separate sanctions, US Federal Reserve Board announces $20.4mn penalty, while New York State Department of Financial Services says NBP has agreed to pay $35mn

Updated 25 Feb, 2022 09:31am

BR Research

Soneri Bank: Profits grow

Soneri Bank Limited announced its 2021 financial results, registering 19 percent year-on-year growth in after-tax...

Published 22 Feb, 2022 08:19am

Technology

Bank, airline web outage 'not caused' by cyberattack

Fastly offers a service to speed up loading times for websites.

Published 18 Jun, 2021 10:05am

Business & Finance

Pakistan set eyes on Central Asian countries in bid to expand trade

“We’re too restricted to a few countries -- North America, European Union and China,” said Dawood.

Published 10 May, 2021 10:43am

Business & Finance

Banks disburse Rs 12bn under Prime Minister's Housing Program

Minister for Information and Broadcasting Chaudhary Fawad Hussain has said that under the Prime Minister's Housing Program, banks have received applications for loans worth Rs 52 billion.
The Information Minister said the journey that was started towards making Naya Pakistan is now picking up momentum.

Updated 06 May, 2021 02:56pm

Business & Finance

NBP declares Rs7.7bn PAT; 87pc up YoY

KARACHI: The meeting of the Board of Directors of the NBP “the Bank” was held on April 28, 2021 to approve the...

Updated 29 Apr, 2021 10:05am

Business & Finance

BOK earns Rs439m profit after tax for 1Q of 2021

PESHAWAR: BOK posted Rs 439 million profit after tax (PAT) for the 1st quarter ended March 31st 2021. This was...

Updated 27 Apr, 2021 10:05am

Markets

Czech central bank's euro holdings in reserves up to 58.8% in 2020

In 2019, the euros accounted for 58.4% of reserves.

Published 12 Apr, 2021 01:36pm

Business & Finance

Citi hires Goldman’s chief diversity officer

NEW YORK: Citi Group has hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity...

Published 27 Mar, 2021 05:41am

Pakistan

Rs1m looted from bank in broad daylight

KARACHI: Two dacoits committed a bank dacoity in broad daylight in Karachi on Wednesday and escaped the scene while...

Updated 18 Mar, 2021 09:24am

Business & Finance

Grand JS Bank celebration held in Lahore

KARACHI: JS Bank celebrated its Lahore, Sialkot and Gujranwala Retail and Product teams at a grand event held in...

Published 27 Feb, 2021 04:29am

Business & Finance

SCB Pakistan posts profit before tax of Rs23.6bn

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country's largest and oldest international bank, announced...

Published 27 Feb, 2021 04:29am

BR Research

NBP: Stellar profits

National Bank of Pakistan (NBP) has ended CY20 on a grand note, with the after-tax profits almost doubling from last...

Published 26 Feb, 2021 07:31am

Business & Finance

Citigroup slashes CEO’s pay by 21pc

NEW YORK: Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for...

Published 14 Feb, 2021 03:49am

BR Research

MCB posts record profits

MCB Bank Limited (MCB) rounded off a stellar CY20 with a final cash dividend of Rs15/share, taking the full-year...

Published 11 Feb, 2021 07:30am

Markets

Deutsche Bank posts first annual net profit since 2014: statement

Net profit for 2020 reached 113 million euros, while for the fourth quarter of the year, net earnings came in at 51 million euros.

Published 04 Feb, 2021 12:29pm

Business & Finance

Fauji Foundation eyes to acquire majority stake of Silkbank

The bank informed that as part of the process Silkbank has been requested to allow Fauji Foundation to conduct due diligence of the bank and in this regard, Fauji Foundation intends to apply to the State Bank of Pakistan for the requisite approval of the same.

Published 28 Jan, 2021 01:45pm

BR Research

Bank Al Habib: Stellar 2020

Bank Al Habib Limited (BAHL) went from strength to strength in CY20, despite all the challenges that the...

Updated 28 Jan, 2021 01:55pm

Each DFI in underwriting business required to submit affidavit, Rs0.1m fee

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed every Development Financial...

Published 22 Jan, 2021 04:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	278.40
USD PKR Interbank Buying / Apr 16	278.10
USD to Japanese Yen / Apr 16	154.32
USD to Swiss Franc / Apr 16	0.91
Pound Sterling to USD / Apr 16	1.24
Euro to USD / Apr 16	1.06

Stock	Volume
S&P 500 / Apr 15	5061.82
Nasdaq / Apr 15	15885.02
Dow Jones / Apr 15	37735.11
India Sensex / Apr 16	73041.46
Tokyo Nikkei / Apr 16	38375.98
Hang Seng / Apr 16	16327.73
FTSE 100 / Apr 16	7851.82
Germany DAX 30 / Apr 16	17757.12

Item	Value
Crude Oil USD/Barrel / Apr 16	85.94
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 16	214077
Gold Spot USD/Ounce / Apr 16	2387.66
Cotton US¢/pound / Apr 16	85.81
Petrol/Litre / Apr 17	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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