Trends - banks - Business Recorder

Markets

PSX witnesses bearish trend: BRIndex-100 loses 100.61 points

KARACHI: Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on Feb 12, due to selling...

Published 15 Feb, 2021 04:53am

Markets

BRIndex100 little changed: PSX records volume of 1bn shares for the first time in 16 years

KARACHI: Pakistan Stock Exchange Wednesday recorded historic volumes of one billion shares on regular market, ...

Published 11 Feb, 2021 04:34am

BR Research

Bond market: Cat & mouse game

In the bond market, government had shown its cards in Jan 2021 auction by accepting bids at higher rates for 5Y and...

Published 09 Feb, 2021 07:25am

Print

Senate panel unanimously approves Single Window Bill

ISLAMABAD: A meeting of the Senate Standing Committee on Finance has unanimously approved the Pakistan Single Window...

Published 09 Feb, 2021 04:43am

Markets

Saudi leads most Gulf markets higher

DUBAI: Most Gulf stocks closed higher on Sunday following Friday’s rise in global equities and a jump in oil...

Published 08 Feb, 2021 03:46am

Print

Construction boost to put all allied sectors in train

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz on Wednesay said banks have allocated Rs378 ...

Updated 03 Feb, 2021 09:13am

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JAN TO JUNE 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 01 Feb, 2021 03:39am

World

Wells Fargo CEO Scharf’s pay drops nearly 12pc in 2020

NEW YORK: Wells Fargo & Co Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or...

Updated 31 Jan, 2021 10:27am

Markets

PSX maintains buoyant mood: BRIndex100 extends gains

KARACHI: A bullish trend continued on Pakistan Stock Exchange Tuesday on the back of healthy buying, mainly by local...

Published 27 Jan, 2021 04:59am

Markets

Most Gulf markets in red; Kuwait up on banks

DUBAI: Most stock markets in the Gulf ended lower on Sunday, with Dubai extending losses from the previous session ...

Published 25 Jan, 2021 04:23am

Business & Finance

African currencies week ahead: Kenya shilling to gain, Zambia kwacha to ease

NAIROBI: Kenya’s shilling is expected to gain against the dollar in the next week to Thursday, while Tanzanian,...

Updated 25 Jan, 2021 10:06am

Markets

Forex reserves fall by $399m

KARACHI: The country's total liquid foreign exchange reserves declined by $399 million during the last week....

Published 22 Jan, 2021 04:47am

Print

Multiple financing sources: $5.688bn foreign debt incurred in 1H

ISLAMABAD: Pakistan incurred foreign debt of $5.688 billion from multiple financing sources in the first half...

Published 21 Jan, 2021 04:23am

Business & Finance

Market players expect maintenance of status quo in upcoming MPC

Financial market participants over the views on the upcoming monetary policy statement on January 22nd 2021 found that 75 percent expect no change in the policy rate in the upcoming MPS.

Updated 20 Jan, 2021 02:23pm

BR Research

Deconstructing private sector lending

Reasons why Pakistani banks don’t lend to the private sector—and tend to be more averse to some segments such as...

Published 20 Jan, 2021 07:40am

Business & Finance

'Over Rs1m duties, taxes will be paid only through e-payment system from today'

LAHORE: Mohsin Rafique, Collector of Customs Appraisement, Lahore, has said that from January 20, 2021 all duties ...

Published 20 Jan, 2021 04:29am

Print

Domestic debt, liabilities reach Rs24.64trn

KARACHI: The federal government's domestic debt and liabilities continued to surge reaching Rs 24.64 trillion in...

Updated 19 Jan, 2021 04:44am

Markets

Wednesday’s early trade: Banks, industrials lift Dow, S&P

NEW YORK: The Dow and the S&P 500 rose on Wednesday, with investors piling into economy-linked financial and...

Published 07 Jan, 2021 03:15am

Pakistan

Explosion reported at a bank in Karachi’s Paposh Nagar

The explosion was caused by gas pressure in the underground storage tank for water at the bank, says BDS.
A portion of the bank building was damaged due to the explosion.

Updated 25 Dec, 2020 08:48pm

Business & Finance

SBP directs all Banks, DFIs to construct ramps at place of business

The central bank has decided to make it mandatory for all banks/ MFBs/ DFIs to construct ramps at all newly opened and existing place of business (excluding Mobile Banking Units) to make it accessible for persons with disabilities and wheelchair users.

Published 01 Dec, 2020 10:53am

Business & Finance

Customer complaints against banks rise significantly

According to the spokesperson of the Banking Mohtasib, during the period from January 1, 2020 to September 30, 2020, 19,028 complaints were received from the public, which is 50.7 percent more than the same period last year.

Published 03 Nov, 2020 10:54am

Markets

Enforcement Action: SBP imposes over Rs 271 million penalties on four banks

The SBP takes supervisory enforcement actions against those institutions that fail to comply with legal or regulatory requirements and these actions may range from the imposition of penalties, administrative and financial sanctions, and reference to concerned law enforcement/prosecution agencies.

Published 28 Oct, 2020 04:43pm

Business & Finance

Banks assure govt to facilitate promotion of the construction sector

Governor State Bank Dr. Reza Baqir briefed the meeting about the provision of loans to the poor and the middle class on easy installments.

Published 22 Oct, 2020 04:35pm

Markets

Finance Ministry issues rules for Foreign Currency Account

According to the Ministry of Finance, the proceeds of securities issued to non-residents will not be able to enter the foreign currency account.

Updated 10 Oct, 2020 09:00pm

Business & Finance

SBP to penalize banks if financing targets for housing & construction not met

The central bank informed that the mechanism will commence from December 31, 2020.

Published 07 Oct, 2020 01:20pm

Business & Finance

Banks, investors pivot towards Biden win after Trump tests positive for COVID

The development was the latest dramatic twist in an extraordinary election year that had many banks and investors planning for no clear winner on Nov. 3 with a global market panic expected to ensue, Reuters reported Wednesday.

Published 03 Oct, 2020 10:13am

Business & Finance

SBP introduces modification in cloud-based outsourcing arrangements for FIs

The Board IT Committee shall approve all cloud-based outsourcing arrangements in line with the policy approved by the board.

Published 28 Sep, 2020 12:22pm

Business & Finance

FinCEN Files: Leaked documents reveal how world’s major banks laundered billions of dollars

The reports were based on the leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

Published 21 Sep, 2020 01:59pm

Markets

SBP instructs banks to facilitate Roshan Digital Accounts holders

Using Roshan Digital Accounts, Non-Resident Pakistanis can now avail digital banking facilities, including access to online banking, domestic funds transfer, utility bills and tuition fee payment in Pakistan.

Published 10 Sep, 2020 12:33pm

Business & Finance

China's big banks report biggest profit falls as bad loans rise

All five reported their biggest profit falls in at least a decade and an increase in soured loans when announcing their half-year results on Sunday and last week.

Published 31 Aug, 2020 02:59pm