BoK assets reach Rs68bn
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BoK assets reach Rs68bn

LAHORE: Assets of Bank of Khyber (BoK) reached Rs68 billion till December 31, 2011. This…

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Pakistan, Indonesia join money-laundering blacklist
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Pakistan, Indonesia join money-laundering blacklist

PARIS: An international money-laundering watchdog added Pakistan, Indonesia, Ghana, Tanzania and Thailand on Thursday to…

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‘Economic disaster’ ahead as banks buy 76pc of govt securities
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‘Economic disaster’ ahead as banks buy 76pc of govt securities

KARACHI:  Economic observers foresee ‘disastrous’ repercussions for the country’s ailing economy, as much of the…

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Country wide branches of NBP to be online
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Country wide branches of NBP to be online

LAHORE: National Bank of Pakistan keeping in view the importance of IT in the banking…

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Govt borrows 142pc more from banks
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Govt borrows 142pc more from banks

KARACHI: The funds-starved government’s budgetary borrowings from the banking system, continued its northward journey, and…

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Innovative World Bank’s Financing Mode: Pakistan to use World Bank Disbursement Link Indicators
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Innovative World Bank’s Financing Mode: Pakistan to use World Bank Disbursement Link Indicators

ISLAMABAD: In order to mitigate the impact of suspension of programme lending and budgetary support,…

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Islamic Banking gaining ground in Pakistan
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Islamic Banking gaining ground in Pakistan

LAHORE: Takaful, the Islamic mode of insurance, for being very transparent, is emerging globally as…

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Bank AL Habib Current Plus Account
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Bank AL Habib Current Plus Account

KARACHI: Bank AL Habib Current Plus Account aims to meet all individual and business needs…

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nformation about account holders: FBR, PBA agree on mechanism
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nformation about account holders: FBR, PBA agree on mechanism

ISLAMABAD: There will be no binding on banks to provide accountholders information to the Federal…

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Low Risk Appetite to keep advances growth muted
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Low Risk Appetite to keep advances growth muted

11MFY11 deposit expansion decreased to 6%: Banks’ deposit base grew by 5.7% to reach PKR5.4trn…

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Government refuses scheduled bank loans worth Rs44 billion
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Government refuses scheduled bank loans worth Rs44 billion

KARACHI: The cash-strapped federal government seems to have either curtailed its budgetary expenditures or diversified…

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Silkbank to launch Islamic banking
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Silkbank to launch Islamic banking

KARACHI: Silkbank Limited has been granted a license by the State Bank of Pakistan (SBP)…

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SBP to publish banks’ reserves weekly data
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SBP to publish banks’ reserves weekly data

KARACHI: In order to bring more efficiency in the money market operations of banks, State…

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S&P criteria change reduces ratings on big banks
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S&P criteria change reduces ratings on big banks

NEW YORK: Standard & Poor’s reduced its credit ratings on 15 big banking companies, mostly…

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Commercial banks seen cutting rates by 50 bps
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Commercial banks seen cutting rates by 50 bps

KARACHI: Analysts were split over whether Pakistan’s central bank on Wednesday would cut interest rates…

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