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Banking customers: Mohtasib provides over Rs1bn relief

KARACHI: The monetary relief of over Rs 1.06 billion, by disposing of 18,836 complaints, has been provided by the...

Updated 16 Oct, 2024 09:26am

Opinion

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities...

Updated 11 Oct, 2024 08:20am

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Remittances: Two incentives available to banks and ECs now

KARACHI: To enhance the flow of home remittances, the State Bank of Pakistan (SBP) has revamped the incentive...

Updated 09 Oct, 2024 09:04am

Business & Finance

Regulatory retail portfolio: SBP ups limit for banks to Rs300m

KARACHI: The State Bank of Pakistan (SBP) has announced an increase in the regulatory retail portfolio limit for...

Published 09 Oct, 2024 06:26am

Business & Finance

Europe needs bigger banks to compete with US, Chinese rivals: Lagarde

FRANKFURT: Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European ...

Updated 07 Oct, 2024 08:05am

Business & Finance

Conventional to Islamic mode: SBP sets new bank branch conversion criteria

KARACHI: With a view to further facilitate banks in conversion of their branches, the State Bank of Pakistan (SBP)...

Updated 03 Oct, 2024 09:06am

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Sugar export to Afghanistan: Banks directed to ensure 100pc advance payment

Measure aims to enhance transparency and safeguard the timely collection of export payments, particularly in trade with Afghanistan

Updated 02 Oct, 2024 03:05pm

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Depositors of member banks: DPC ups guarantee amount to Rs1m

KARACHI: The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of...

Updated 02 Oct, 2024 09:29am

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FBR reconstitutes SSTR committee

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted Single Sales Tax Return (SSTR) Committee for filing...

Updated 28 Sep, 2024 08:55am

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IMF refutes it asked Pakistan to seek loan at 11pc from commercial bank

ISLAMABAD: The International Monetary Fund (IMF) has stated that it did not ask Pakistan to get a commercial loan...

Updated 27 Sep, 2024 10:04am

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SBP working on Sukuk alternate structure: governor

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that the SBP is working on an...

Updated 26 Sep, 2024 08:46am

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Higher returns thru Islamic banking perturb Senate panel?

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain...

Updated 26 Sep, 2024 09:03am

Business & Finance

FBR intensifies efforts to collect advance tax instalments

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified efforts to timely collect due “advance tax”...

Published 14 Sep, 2024 07:36am

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Faulty returns: FBR proposes harsh enforcement steps

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed harsh enforcement measures against the existing filers of...

Updated 13 Sep, 2024 09:14am

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Monthly TBML-related STRs’ volume surges 398pc: ADB

ISLAMABAD: Pakistan’s monthly trade-based money laundering (TBML) related suspicious transaction reports (STRs)...

Updated 11 Sep, 2024 09:26am

Business & Finance

‘Banks’ signboards do not fall under definition of advertisements’

LAHORE: Signboards installed by the banks do not come within the definition of advertisement and billboard, ...

Updated 05 Sep, 2024 07:17am

BR Research

Allied Bank: Steady growth

Allied Bank Limited (ABL) posted its first half financial results for CY24, declaring an interim cash dividend of...

Published 02 Sep, 2024 09:29am

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Conversion of power plants to Thar coal: Govt likely to ask local banks for financing

ISLAMABAD: The government is likely to ask local banks to finance conversion of imported coal projects to Thar coal...

Updated 02 Sep, 2024 03:28pm

Business & Finance

Islamic financing helps govt save billions

KARACHI: The cash-strapped government is saving billions of rupees on account of raising financing through selling...

Updated 02 Sep, 2024 09:08am

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Moody’s lifts long-term deposit ratings of 5 banks

ISLAMABAD: Moody’s Ratings (Moody’s) upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani...

Updated 31 Aug, 2024 03:33pm

Business & Finance

Investors participating in IPOs being facilitated

KARACHI: Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC), under the aegis of...

Published 31 Aug, 2024 06:55am

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Framework for ‘Domestic Systemically Important Banks (D-SIBs)’: SBP announces designation of D-SIBs for 2024

KARACHI: The State Bank of Pakistan has announced the designation of D-SIBs for the year 2024 under the Framework...

Updated 30 Aug, 2024 09:12am

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‘Fleecing by Islamic banks’: Senate panel seeks detailed briefing from SBP

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, directed the State Bank of Pakistan (SBP) to provide...

Updated 29 Aug, 2024 08:56am

Business & Finance

Calculating income tax liability: Tax dept has failed to force bank to offer interest against ‘sticky’ loans

LAHORE: The Tax department has failed to force an investment bank to offer the interest against sticky loans for...

Published 28 Aug, 2024 06:22am

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Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

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SBP increases clean lending limit for SMEs by 100pc

KARACHI: Amending the Prudential Regulations for SME Financing, the State Bank of Pakistan (SBP) has announced to...

Updated 17 Aug, 2024 02:37pm

Business & Finance

IT, agri sector and SMEs: Aurangzeb asks banks to lend more

KARACHI: Federal Minister for Finance & Revenue, Muhammad Aurangzeb has asked banks to enhance their financing ...

Published 31 Jul, 2024 06:40am

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FBR tells banks: Only bad debts classified as loss are expense

ISLAMABAD: The Federal Board of revenue (FBR) has conveyed to banks that only bad debts classified as loss...

Updated 31 Jul, 2024 09:29am

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SBP asked banks to develop NPLs management strategy

KARACHI: In order to facilitate banks to deal with the existing stock of Non-Performing Loans (NPLs) and minimize...

Updated 24 Jul, 2024 09:15am

Business & Finance

Banks allowed to charge off fully provisioned NPLs

KARACHI: The State Bank of Pakistan (SBP) has allowed the banks to charge off the fully provisioned corporate,...

Updated 24 Jul, 2024 08:59am