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Business & Finance

CY23: Soneri Bank posts 222.61pc growth in PAT YoY

LAHORE: The Board of Directors of Soneri Bank Limited, in their 202nd meeting held in Lahore on Wednesday, approved...

Published 01 Feb, 2024 04:52am

Business & Finance

New banknotes: SBP says process to take 2 years

KARACHI: The State Bank of Pakistan (SBP), initiating the process for designing and issuing a new banknotes series ...

Published 31 Jan, 2024 05:22am

Business & Finance

SIFC EC reviews various policy-level initiatives

ISLAMABAD: The eighth session of the Executive Committee of Special Investment Facilitation Council (SIFC) started ...

Published 25 Jan, 2024 04:23am

Business & Finance

Collection of govt receipts, taxes: Bank branches to remain open today, tomorrow

KARACHI: The State Bank of Pakistan (SBP) has announced opening of concerned branches of all banks for collection of...

Published 30 Dec, 2023 06:28am

Business & Finance

Internal control lapses: Rs90m penalties on erring banks termed ‘peanuts’

ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties of Rs90 million on different banks and ...

Published 20 Dec, 2023 06:00am

Print

‘Handling complaints of aggrieved persons’: President sets aside order of Banking Mohtasib

ISLAMABAD: President Dr Arif Alvi has set aside an order of Banking Mohtasib Pakistan and directed the Mohtasib to...

Updated 11 Dec, 2023 09:48am

Print

‘Illegal’ LCs, forex market speculation: MoF set to share list of banks with SIFC today

ISLAMABAD: The Finance Ministry is all set to share the list of banks involved in illegal business relating to LCs...

Updated 07 Dec, 2023 09:49am

Business & Finance

Banks could face rules on climate risk reporting

BASEL (Switzerland): The international bank regulatory body on Wednesday launched a process to develop rules for...

Published 04 Dec, 2023 05:35am

Print

DPC proposes ‘appropriate’ changes in statute

KARACHI: The Deposit Protection Corporation (DPC) has proposed “appropriate” changes in its statute to enhance its...

Updated 02 Dec, 2023 03:53pm

Business & Finance

Banks get carbon emissions standard they sought for stock, bond deals

LONDON: Banks will need to account for a third of the emissions linked to their capital markets deals when they...

Published 02 Dec, 2023 05:09am

Print

LHC, too, suspends SRO about tax on banks’ windfall income

ISLAMABAD: The Lahore High Court (LHC) has also suspended the SRO 1588(I)/2023 of the Federal Board of Revenue (FBR)...

Updated 01 Dec, 2023 09:50am

Business & Finance

Solar panel importers: Banks penalised for failing to check money laundering, over-invoicing

ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties on certain banks for not checking massive money...

Published 30 Nov, 2023 04:53am

World

European countries differ over windfall taxes on banks

STOCKHOLM: Some European countries have imposed windfall taxes on banks’ profits to help fund their response to ...

Published 20 Nov, 2023 06:28am

Business & Finance

Cabinet approves levy of 40% tax on banks’ windfall profit earned during 2021-22

The federal cabinet on Wednesday accorded approval to impose 40% tax on windfall profit earned by banks on the...

Published 15 Nov, 2023 10:20pm

Print

Forex deals: Tax on windfall profits of banks likely

ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...

Updated 15 Nov, 2023 09:49am

Business & Finance

Q3CY23: Listed banks’ profitability up 95pc to record Rs163bn YoY

KARACHI: Pakistani listed banks’ profitability increased to record Rs 163 billion up 95 percent on year-on-year...

Published 01 Nov, 2023 05:57am

Business & Finance

Eurozone banks tighten credit standards further: ECB

FRANKFURT: Eurozone banks tightened lending criteria further in the third quarter as higher interest rates bite, a...

Published 30 Oct, 2023 05:24am

Business & Finance

Cash transactions at BB locations: Biometric verification of accountholders a must: SBP

KARACHI: The State Bank of Pakistan (SBP) has made Biometric Verification (BV) of accountholders mandatory for all...

Published 26 Oct, 2023 06:08am

Pakistan

Relief provided to banking customers

ISLAMABAD: The Banking Mohtasib Pakistan provided monetary relief of an amount of Rs 972.33 million to the banking...

Published 23 Oct, 2023 05:58am

Print

SBP tells Senate panel: DPC set up to protect small bank depositors

ISLAMABAD: The Deposit Protection Corporation (DPC) has been set up through promulgation of the Deposit Protection...

Updated 15 Oct, 2023 09:36am

Print

Opposition of IMF, World Bank: Plan to have direct credit lines from banks, FIs shelved

ISLAMABAD: The Finance Division has reportedly shelved its plan to have direct credit lines from Banks/ Financial...

Updated 03 Oct, 2023 09:15am

Business & Finance

Faysal Bank to set up ‘wholly-owned’ Exchange Company

Becomes 5th commercial bank to make such announcement this month

Updated 28 Sep, 2023 09:33pm

Business & Finance

APSR for FY23 released: Banks, MFBs process e-banking transactions worth Rs167.4trn

KARACHI: Banks and MFBs have processed 2,073.3 million e-banking transactions amounting to Rs. 167.4 trillion in...

Updated 28 Sep, 2023 10:05am

Print

Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging...

Updated 19 Sep, 2023 09:42am

Print

Banks and FIs: MoF to do away with direct credit lines

ISLAMABAD: The Finance Ministry has reportedly decided to do away with direct credit lines from banks/financial...

Updated 14 Sep, 2023 09:09am

BR Research

Crescent Steel and Allied Products Limited

Crescent Steel and Allied Products Limited (PSX: CSAP) was incorporated in Pakistan as a public limited company in...

Updated 16 Aug, 2023 02:03pm

Editorials

What happens when cash reigns supreme?

EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,...

Published 16 Aug, 2023 05:50am

Print

Aug-Oct auction calendar: Govt plans to borrow Rs11.09trn from banks

KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the...

Updated 08 Aug, 2023 09:41am

Opinion

The corruption challenge

The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level...

Updated 04 Aug, 2023 06:43am

Business & Finance

Banks vote to limit accounting of emissions in bond and stock sales

LONDON: Banks working to develop global standards on accounting for carbon emissions in bond or stock sale...

Published 31 Jul, 2023 06:43am