Banking regulators shutter five banks across US
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Banking regulators shutter five banks across US

WASHINGTON: Federal and state banking regulators shut down five banks across the country on Friday,…

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SCB inaugurates Islamic Banking Branch
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SCB inaugurates Islamic Banking Branch

KARACHI: Standard Chartered Bank inaugurated its flagship Islamic branch at a new location in Gulberg,…

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Citigroup’s Rs 985 cr office space buyout biggest commercial property deal
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Citigroup’s Rs 985 cr office space buyout biggest commercial property deal

MUMBAI: In a dismal real estate market, US banking giant Citigroup on Tuesday closed the…

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ADB, OFID sign agreement to aid development of Asia
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ADB, OFID sign agreement to aid development of Asia

ISLAMABAD: The Asian Development Bank (ADB) and the OPEC Fund for International Development (OFID), signed…

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Citi appoints Lodhi as CEO for Pakistan
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Citi appoints Lodhi as CEO for Pakistan

DUBAI: Citigroup Inc has appointed Nadeem Lodhi as chief executive officer for its Pakistan business…

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Meezan Bank records 54pc growth in Profit-after-tax for first quarter
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Meezan Bank records 54pc growth in Profit-after-tax for first quarter

KARACHI: The Meezan Bank Limited has recorded 54percent growth in its Profit-after-tax which increased to…

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Islamic banking is the next big thing
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Islamic banking is the next big thing

LAHORE: Due to mounting development of Islamic Banking and Finance in the country, International Financial…

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SBP puts its wallet on the table and points towards the Parliament
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SBP puts its wallet on the table and points towards the Parliament

KARACHI: The State Bank of Pakistan (SBP) tends to refer the cash-strapped federal government to…

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What should the World Bank do?
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What should the World Bank do?

Jose Antonio Ocampo: I have been honored by World Bank directors representing developing countries and…

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Gulf banks face cash shortfall
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Gulf banks face cash shortfall

DUBAI: Funding for an estimated $1.8 trillion of capital investments underway in the GCC would…

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SBP aims to provide banking services to every Pakistani: Anwar
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SBP aims to provide banking services to every Pakistani: Anwar

KARACHI: State Bank of Pakistan (SBP) Governor Yaseen Anwar has said the central bank aims…

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Must protect integrity of our currency: SBP
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Must protect integrity of our currency: SBP

KARACHI: State Bank of Pakistan (SBP) Governor Yaseen Anwar has said the main goal of…

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Required – Financial literacy
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Required – Financial literacy

It has been rightly said that literacy is a key to unlock development potentials. To…

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Banks credit to private sector up 37.8% in 7MFY12
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Banks credit to private sector up 37.8% in 7MFY12

KARACHI: Banking sector credit to the private sector has shown improvement, as different commercial banks…

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Meezan Bank’s assets cross Rs 200b level
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Meezan Bank’s assets cross Rs 200b level

KARACHI: The Board of Directors of Meezan Bank Limited has approved the financial statements of…

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