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bank

HBL 9M 2024 PBT rises to record Rs85.9bn

KARACHI: HBL on Wednesday declared a consolidated profit before tax (PBT) of Rs 85.9 billion for the first nine...

Published 17 Oct, 2024 08:16am

Opinion

Falling victim to swindlers: a senior citizen’s plight

I, a resident of Karachi, have spent seven decades of my life in this country, six of which were utilised in working...

Published 02 Oct, 2024 06:19am

Business & Finance

JS Bank records 511pc growth in 1H CY24

KARACHI: JS Bank, one of the fastest-growing banks in Pakistan, announced its financial performance for the first...

Published 30 Aug, 2024 06:07am

Business & Finance

BOP earns Rs7.05bn PBT in 1H’24

LAHORE: A meeting of the Board of Directors of The Bank of Punjab was held on August 28, to consider and approve the...

Published 30 Aug, 2024 06:07am

Business & Finance

JSBL approves setting up of currency exchange co

KARACHI: The board of directors of JS Bank Limited has approved establishment of a Currency Exchange Company with an...

Published 29 Aug, 2024 06:53am

Business & Finance

HBL H1’24 PBT rises to Rs57.8bn, an increase of 12pc YoY

KARACHI: HBL on Monday declared a consolidated profit before tax of Rs 57.8 billion for the first half of 2024, 12...

Published 27 Aug, 2024 07:54am

Business & Finance

H1’24: Soneri Bank announces PAT growth of 26.79pc YoY

KARACHI: The Board of Directors of Soneri Bank Limited, in their 206th meeting held in Karachi on 23th August 2024,...

Published 26 Aug, 2024 07:01am

Business & Finance

MCB Bank posts highest-ever 1H PBT of Rs62.7bn

KARACHI: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad...

Published 08 Aug, 2024 07:00am

Business & Finance

SME sector’s access to finance priority area: DG SBP

KARACHI: Deputy Governor, State Bank of Pakistan (SBP), Saleem Ullah has said that ease in access to finance for the...

Updated 23 Jul, 2024 08:35am

Business & Finance

HBL wins ‘Best Bank in Pakistan 2024’ award by Euromoney

KARACHI: Euromoney Awards for Excellence 2024 has awarded HBL the accolades of Pakistan’s Best Bank, Pakistan’s...

Published 22 Jul, 2024 05:39am

Business & Finance

3rd ABL Fintech Hackathon concludes

LAHORE: Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech...

Published 20 Jul, 2024 05:34am

Business & Finance

Citi announces head of banking and executive vice chair of bank

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Published 02 Mar, 2024 04:16am

Business & Finance

Standard Chartered Pakistan posts record PBT of Rs89.2bn

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank announced...

Published 24 Feb, 2024 06:42am

Business & Finance

Dollar manipulation: SBP says probe complete, decision to be made on fiscal or regulatory action

Action would be taken by either the SBP or government, but dual action cannot be taken, says central bank governor Jameel Ahmad

Updated 23 Jan, 2023 07:42pm

BR Research

Much ado about nothing?

Banks are under scrutiny for making so called exuberant profits on foreign exchange earnings. Some of have made more...

Published 22 Sep, 2022 09:01am

Business & Finance

NBP says 'fully committed to satisfying US regulators' expectations' after over $55mn fine

In notice to PSX, bank says penalties 'focused on historical compliance program weaknesses and delays in making compliance-related enhancements'

Published 25 Feb, 2022 03:57pm

Pakistan

US authorities fine Pakistan's NBP $55mn for 'money-laundering', 'compliance failures'

In separate sanctions, US Federal Reserve Board announces $20.4mn penalty, while New York State Department of Financial Services says NBP has agreed to pay $35mn

Updated 25 Feb, 2022 09:31am

BR Research

Soneri Bank: Profits grow

Soneri Bank Limited announced its 2021 financial results, registering 19 percent year-on-year growth in after-tax...

Published 22 Feb, 2022 08:19am

Technology

Bank, airline web outage 'not caused' by cyberattack

Fastly offers a service to speed up loading times for websites.

Published 18 Jun, 2021 10:05am

Business & Finance

Pakistan set eyes on Central Asian countries in bid to expand trade

“We’re too restricted to a few countries -- North America, European Union and China,” said Dawood.

Published 10 May, 2021 10:43am

Business & Finance

Banks disburse Rs 12bn under Prime Minister's Housing Program

Minister for Information and Broadcasting Chaudhary Fawad Hussain has said that under the Prime Minister's Housing Program, banks have received applications for loans worth Rs 52 billion.
The Information Minister said the journey that was started towards making Naya Pakistan is now picking up momentum.

Updated 06 May, 2021 02:56pm

Business & Finance

NBP declares Rs7.7bn PAT; 87pc up YoY

KARACHI: The meeting of the Board of Directors of the NBP “the Bank” was held on April 28, 2021 to approve the...

Updated 29 Apr, 2021 10:05am

Business & Finance

BOK earns Rs439m profit after tax for 1Q of 2021

PESHAWAR: BOK posted Rs 439 million profit after tax (PAT) for the 1st quarter ended March 31st 2021. This was...

Updated 27 Apr, 2021 10:05am

Markets

Czech central bank's euro holdings in reserves up to 58.8% in 2020

In 2019, the euros accounted for 58.4% of reserves.

Published 12 Apr, 2021 01:36pm

Business & Finance

Citi hires Goldman’s chief diversity officer

NEW YORK: Citi Group has hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity...

Published 27 Mar, 2021 05:41am

Pakistan

Rs1m looted from bank in broad daylight

KARACHI: Two dacoits committed a bank dacoity in broad daylight in Karachi on Wednesday and escaped the scene while...

Updated 18 Mar, 2021 09:24am

Business & Finance

Grand JS Bank celebration held in Lahore

KARACHI: JS Bank celebrated its Lahore, Sialkot and Gujranwala Retail and Product teams at a grand event held in...

Published 27 Feb, 2021 04:29am

Business & Finance

SCB Pakistan posts profit before tax of Rs23.6bn

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country's largest and oldest international bank, announced...

Published 27 Feb, 2021 04:29am

BR Research

NBP: Stellar profits

National Bank of Pakistan (NBP) has ended CY20 on a grand note, with the after-tax profits almost doubling from last...

Published 26 Feb, 2021 07:31am

Business & Finance

Citigroup slashes CEO’s pay by 21pc

NEW YORK: Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for...

Published 14 Feb, 2021 03:49am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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