Summit Bank changes name to Bank Makramah Limited The name of Summit Bank Limited (SMBL) has been changed to Bank Makramah Limited (BML), the bank announced in a... Updated 13 Nov, 2023 10:27pm
Markets Bank of Punjab considers wholly-owned Exchange Company The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange... Published 30 Oct, 2023 11:46am
BR Research MCB: Low deposit cost drives profit The banking sector profitability galore continued as MCB Bank Limited (MCB) announced 9MCY23 financial results –... Published 30 Oct, 2023 06:33am
Opinion The untamed frontier of foreign exchange A stable and predictable forex market is a beacon for foreign investors. Their confidence fuels economic growth,... Updated 29 Oct, 2023 04:00am
Print Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging... Updated 19 Sep, 2023 09:42am
Print NTISB issues advisory amid surging financial, banking scams ISLAMABAD: Admitting massive increase in banking/ financial frauds, the National Telecommunication and Information... Updated 04 Sep, 2023 09:00am
Print Banking institutions asked to strengthen financial inclusion, gender equality KARACHI: President Dr Arif Alvi Monday asked the banking institutions to take measures to further strengthening... Updated 29 Aug, 2023 08:40am
Business & Finance Allied Bank’s earnings jump in 2QCY23 Allied Bank (ABL) posted a profit-after-tax of Rs9.95 billion in the second quarter of 2023 (April-June), a growth... Published 17 Aug, 2023 03:36pm
Editorials Plan to borrow Rs11.09trn in 3 months EDITORIAL: According to the auction calendar issued by the State Bank of Pakistan, the federal government intends to... Published 11 Aug, 2023 05:17am
BR Research MCB Bank Limited MCB is one of the pioneers of the banking sector of Pakistan. The bank was incorporated in the private sector in... Published 08 Aug, 2023 08:21am
Editorials Financial inclusion remains a pipe dream EDITORIAL: PwC Pakistan (A. F. Ferguson & Co.) has recently released a rather comprehensive, first-of-its kind... Published 28 Jul, 2023 03:02am
Business & Finance Pakistan’s central bank designates NBP, HBL & UBL as D-SIBs The State Bank of Pakistan (SBP) on Wednesday announced the designation of Domestic Systemically Important Banks... Published 19 Jul, 2023 04:32pm
Business & Finance SBP approves renaming Summit Bank to Bank Makramah The State Bank of Pakistan (SBP) has approved the renaming of Summit Bank Limited (SMBL) to Bank Makarma Limited... Published 18 Jul, 2023 11:40am
Business & Finance Publication on banking sector released: ‘Financial inclusion remains a challenge’ KARACHI: The financial inclusion remains a challenge for Pakistan with lower financial, women and rural inclusion... Published 15 Jul, 2023 06:08am
Business & Finance Irfan Siddiqui’s tenure as CEO/president of Meezan Bank extended Upon his retirement on Dec 29, 2025, BankIslami's current CEO Syed Amir Ali will assume the roles Updated 10 Jul, 2023 06:42pm
Business & Finance BoE initiative of SBP: BoP says it’s ‘number one bank with highest score and green rating’ LAHORE: BOP is delighted to announce its remarkable achievement as the number one bank with the highest score and... Published 10 Jul, 2023 06:52am
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Print Banks recording WHTs on real-time basis, FBR informs FTO ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Federal Tax Ombudsman (FTO) that all bank branches... Updated 18 Jun, 2023 10:09am
Business & Finance WHT system in banking sector: FTO unearths systemic gaps, loopholes ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ... Published 10 Jun, 2023 05:01am
Print Budget proposals by PBA: FBR urged to gradually reduce tax rate for banks KARACHI: Pakistan Banks Association (PBA), demanding a level playing field, has proposed to the Federal Board of... Updated 26 May, 2023 08:52am
Print May-July: govt intends to borrow record Rs9.4trn Presently, government is the single largest borrower from commercial banks Updated 13 May, 2023 02:47pm
BR Research HBL: Record profits in tough times This may well be the toughest time in Pakistan’s economic history, but looking at HBL’s 1QCY23 results would let... Published 02 May, 2023 09:20am
Business & Finance Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks TOKYO: Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks,... Published 02 May, 2023 09:15am
World IMF chief warns risks to financial stability have increased Stresses 'the need for vigilance' following recent turmoil in the banking sector Updated 26 Mar, 2023 10:21pm
World India finance minister asks state run banks to assess risks NEW DELHI: India finance minister has asked state-run banks to assess various financial health parameters amid... Updated 25 Mar, 2023 09:26pm
Business & Finance Fed lifts key interest rate amid banking sector fears WASHINGTON: The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance... Published 23 Mar, 2023 05:47am
Editorials LSMI: growth engine revving low EDITORIAL: The latest data released by the Pakistan Bureau of Statistics (PBS) for Large Scale Manufacturing Index... Published 17 Mar, 2023 06:15am
World Saudi officials downplay risks to global bank sector RIYADH: Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market... Published 16 Mar, 2023 09:02pm
Pakistan President Alvi calls for streamlining banking, insurance sectors Says the only way to strengthen democracy is to follow the constitution Updated 15 Feb, 2023 07:51pm
Business & Finance Banking sector: deposits, advances post growth YoY in December Pakistan's banking sector deposits posted a growth of 7.1% on a year-on-year (YoY) basis in December 2022, revealed... Published 12 Jan, 2023 10:26pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?