SBP slashes export refinance rate by 150bps
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SBP slashes export refinance rate by 150bps

KARACHI: The State Bank of Pakistan (SBP) has with immediate effect reduced the Refinance Rate…

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SBP’s two-pronged triumph
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SBP’s two-pronged triumph

KARACHI: State Bank of Pakistan (SBP) Deputy Governor Kazi Abdul Muktadir on Tuesday said the…

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SBP enhances quality of external debt statistics
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SBP enhances quality of external debt statistics

KARACHI: The State Bank of Pakistan (SBP) has enhanced the coverage and quality of external…

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Assets of top 50 GCC banks surge to $ 1.28 trillion in H1
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Assets of top 50 GCC banks surge to $ 1.28 trillion in H1

DOHA: The GCC banking sector continued to grow rapidly in the first half of 2012,…

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Faysal Bank launches UnionPay debit card
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Faysal Bank launches UnionPay debit card

KARACHI: Faysal Bank Limited launched UnionPay Debit Card for first time in the country’s banking…

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Big banks: big profits
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Big banks: big profits

The 1HCY12 financial results of the top five commercial banks (HBL, NBP, UBL, MCB, ABL)…

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Banking mobility
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Banking mobility

ISLAMABAD: Benazir Income Support Programme (BISP) has disbursed an amount of Rs 1.13 billion through…

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Bank of America names four new directors
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Bank of America names four new directors

NEW YORK: Bank of America Corp’s board appointed four new members on Thursday in anticipation…

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Indian banks allowed to operate in Pakistan
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Indian banks allowed to operate in Pakistan

SINGAPORE – India and Pakistan have agreed to allow two banks each from both countries to set…

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NBP’s Entire Network Goes Online
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NBP’s Entire Network Goes Online

KARACHI: In a short span of 15 months, National bank of Pakistan has converted its…

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Standard Chartered to pay $340m settlement over Iran investigation
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Standard Chartered to pay $340m settlement over Iran investigation

Standard Chartered agreed to pay a $340m (£217m) fine on Tuesday in a humbling settlement…

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SBP directs banks to issue fresh currency notes on Eid
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SBP directs banks to issue fresh currency notes on Eid

State Bank of Pakistan has directed all the banks to provide fresh notes to the…

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Barclays picks new chairman to steer bank amid Libor crisis
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Barclays picks new chairman to steer bank amid Libor crisis

LONDON: Barclays on Thursday said industry veteran David Walker would become its new chairman from…

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Standard Chartered shares plunge on laundering charges
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Standard Chartered shares plunge on laundering charges

Shares of Standard Chartered have tumbled despite the bank denying allegations that it illegally “schemed”…

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Indonesia Q2 GDP data may show growth slowing
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Indonesia Q2 GDP data may show growth slowing

JAKARTA: Indonesia’s sizzling economy is starting to cool and show dents in its resilience to…

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