Trends - banks - Business Recorder

Opinion

Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch

A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the...

Published 24 Apr, 2022 05:36am

Technology

Big Tech now regulated like banks, says EU antitrust chief

BRUSSELS: Big Tech companies will be regulated like banks, a top EU official said on Friday, as a new landmark...

Published 28 Mar, 2022 06:21am

Business & Finance

SBP removes transactional limits for Raast app payments

The latest measure to facilitate Raast users will come into effect from April 1

Updated 16 Mar, 2022 02:53pm

World

IMF warns Britain over turning regulators into cheerleaders for finance

LONDON: A push to make London more attractive as a global financial centre after Brexit must not threaten high...

Published 24 Feb, 2022 06:34am

Business & Finance

SBP increases indicative credit limits for agri financing

Says will directly benefit agriculture borrowers

Updated 16 Feb, 2022 06:42pm

Print

Commitment to IMF: Sell-off of 2 RLNG plants, two banks by June

ISLAMABAD: Pakistan has committed to the International Monetary Fund (IMF) that it would complete the process of...

Updated 06 Feb, 2022 09:17am

Business & Finance

Newly-opened, re-designated business accounts: Banks are bound to provide info: FBR

ISLAMABAD: Banks are now bound to provide information of newly-opened or re-designated business bank accounts to the...

Updated 21 Jan, 2022 11:24am

Print

No E-Form for exports to Afghanistan: Banks stop receiving payments in USD, AED remittance form

KARACHI: The local banks have suddenly stopped receiving payments in the form of remittance in USD and AED and...

Updated 15 Jan, 2022 09:43am

Print

PM’s low-cost housing scheme: Considerable increase in borrowing from banks

ISLAMABAD: A meeting of the National Coordination Committee on Housing, Construction and Development was informed...

Updated 07 Jan, 2022 09:45am

Pakistan

A triumphant decade: Pakistan’s banks win the dividend payout race

Performance likely to continue, but recent regulatory push could make the race tougher

Updated 06 Jan, 2022 09:53pm

Markets

Omicron worries pull European shares lower

LONDON: Banks and luxury stocks led declines on Friday, pushing European shares into the red for the week that saw...

Published 20 Dec, 2021 06:29am

Business & Finance

MPMG: Banks receive Rs245bn mortgage finance applications

Mera Pakistan Mera Ghar (MPMG) scheme by banks is getting traction, latest data by State Bank of Pakistan shows

Updated 11 Dec, 2021 03:39pm

Business & Finance

SBP raises banks' cash reserve requirement

Move aimed at containing monetary expansion and moderating domestic demand

Published 13 Nov, 2021 07:28pm

BR Research

T-bill auction: what’s cooking?

The market rates are moving up. The policy rate at current levels was totally disregarded by the market. In the...

Updated 05 Nov, 2021 12:51pm

Business & Finance

Goldman Sachs offers new way for investors to bet on SPACs

NEW YORK: Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose...

Published 02 Nov, 2021 05:20am

Business & Finance

SBP directs banks, regulated entities to digitise corporate payments

In order to monitor the progress, the SBP has advised banks to submit a roadmap of implementing these measures within 30 days

Published 15 Oct, 2021 04:25pm

Markets

Wall St Week Ahead: Growth? Value? Some investors opt for a bit of both

NEW YORK: Some investors are playing this year's tug of war between so-called growth and value stocks by owning...

Published 20 Sep, 2021 05:23am

Print

High net-worth un-registered persons: Over 200,000 issued notices by FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to over 200,000 high net-worth un-registered ...

Updated 15 Sep, 2021 10:08am

Business & Finance

2Q2021: Despite drop in net interest income, Pakistan's banking sector posts Rs70bn profit

Despite the drop in Net Interest Income (NII), Pakistan's banking sector posted profits of Rs70 billion in the ...

Published 30 Aug, 2021 01:37pm

Business & Finance

Sale of third-party products: SBP issues revised instructions for banks

In a bid to improve transparency and safeguard consumers, the State Bank of Pakistan (SBP) on Wednesday, issued a...

Published 25 Aug, 2021 03:32pm

BR Research

Currency: Not in danger zone yet

The pressure on PKR depreciation persists as the currency moved from its recent peak of 152.28 to 165.2 in fourteen...

Updated 25 Aug, 2021 09:57am

Markets

FTSE muted as heavyweight banks reverse course

LONDON: London’s FTSE 100 ended on a quiet note on Tuesday amidst weakness in travel and energy stocks as a jump ...

Published 14 Jul, 2021 03:59am

Business & Finance

Bank deposits show double-digit growth in FY21: report

Pace of increase fastest in 14 years, says Topline Securities

Published 13 Jul, 2021 05:01pm

Markets

Monday’s early trade: Nasdaq, S&P scale new peaks

• Banks up ahead of their earnings report this week • Didi slips on China apps removal confirmation • Virgin...

Published 13 Jul, 2021 03:22am

Business & Finance

Banks tighten grip on FX market as algo trading rises

LONDON: Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market...

Published 12 Jul, 2021 05:26am

Business & Finance

SBP reintroduces incentive scheme for marketing of home remittances

In a bid to facilitate remittances using formal channels, the government has approved the reintroduction of an...

Published 05 Jul, 2021 05:52pm

Business & Finance

Three Nordic digital wallet providers merge to take on global rivals

COPENHAGEN: Banks in Norway, Denmark and Finland said they had agreed to merge their mobile payment platforms, ...

Published 05 Jul, 2021 04:57am

Print

Loan write-off cases: MoF attracts Cabinet annoyance for not sharing names, details

ISLAMABAD: The Federal Cabinet has reportedly expressed annoyance at the Ministry of Finance (MoF) for not sharing...

Published 01 Jul, 2021 04:09am

Markets

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on...

Published 30 Jun, 2021 03:54am

Business & Finance

SBP amends capital adequacy regulations to boost REITs

SBP has lowered the applicable risk weight from 200% to 100% on banks/ DFIs’ investments in the units of REITs

Published 02 Jun, 2021 02:54pm