Sunday, July 3, 2022
Tags Banking sector

Tag: Banking sector

Business

Banks in trouble: Is govt heading for a default?

News Desk - 0
The State Bank of Pakistan has instructed commercial banks to start taking into account the probability of default on loans taken by the federal...
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World

Collapse of Afghanistan’s banking system could fuel refugee crisis, warns UN

News Desk - 0
The United Nations on Monday warned that urgent action is needed to prop up Afghanistan's banks, highlighting that an increase in people unable to...
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Business

Hike in policy rate; good news for the banking sector

News Desk - 0
The State Bank of Pakistan (SBP) hiked the policy rate on Monday by 25bps taking the benchmark policy rate to 7.25% from being 7%...
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Business

UBL to shut down 54-year-old Swiss subsidiary

Farhan Sharif - 0
KARACHI: United Bank Limited (UBL), one of the largest commercial banks by network and second-largest by deposits in Pakistan, has decided to voluntarily wind...
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Business

SBP to announce monetary policy today, interest rate likely to remain unchanged

Staff Reporter - 0
KARACHI: The State Bank of Pakistan (SBP) will announce its Monetary Policy for the next two months today. The meeting of the monetary policy committee...
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Business

Special ATM Monitoring during Ramzan and Eid-ul-Fitr bears substantial results

Staff Reporter - 0
KARACHI: State Bank of Pakistan (SBP), in collaboration with commercial banks, has been taking a number of steps in order to ensure maximum availability...
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Business

HBL declares Profit-Before-Tax of Rs14.5bn

News Desk - 0
KARACHI: Habib Bank Limited (HBL) Tuesday declared a consolidated profit before tax of Rs14.5 billion for the quarter ended March 31, 2021, more than...
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Business

SBP unveils ambitious third five-year plan for Islamic banking industry

Arshad Hussain - 0
KARACHI: State Bank of Pakistan (SBP) Monday unveiled its third five-year Strategic Plan for the Islamic Banking Industry. The strategic plan has set headline...
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Business

Leading banks connect to SECP’s portal for real-time access to statutory records

Hamza Habib - 0
ISLAMABAD: In pursuit of its agenda to promote ease of doing business and digitalization, the Securities and Exchange Commission of Pakistan (SECP), in coordination...
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Business

Banks won’t impose any charges on digital banking, says SBP

Arshad Hussain - 0
KARACHI: To encourage the use of the internet and mobile banking services, the State Bank of Pakistan (SBP) said that banks will not levy...
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