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financial services

Appointing firms: CCP discourages use of ‘Big Four’ term in agreements

ISLAMABAD: The Competition Commission of Pakistan (CCP), in its recent decisions, has explicitly discouraged the...

Published 26 Sep, 2024 06:48am

Business & Finance

IMS-EFG merger: CCP approves scheme of arrangement

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s...

Published 28 May, 2024 05:30am

BR Research

Security Investment Bank Limited

Security Investment Bank Limited (PSX: SIBL) was incorporated in Pakistan as a public limited company in 1991. The...

Published 16 Apr, 2024 08:33am

Business & Finance

9M’23 NBP pre-tax profit soars 46pc to Rs70.6bnYoY

KARACHI: The Board of Directors approved the results of the National Bank of Pakistan for the nine-month period...

Published 26 Oct, 2023 06:08am

Business & Finance

‘NBP offers financial services to promote int’l trade’

BEIJING: The National Bank of Pakistan (NBP) has set up a stall in the Pakistan Pavilion at the China International...

Published 04 Sep, 2023 06:21am

Markets

India’s Jio Financial hits circuit breaker for third day; MSCI addition in focus

BENGALURU: India’s Jio Financial Services (JFS) fell 5% on Wednesday, triggering a circuit breaker for the third...

Published 23 Aug, 2023 10:45am

Business & Finance

JS Bank leadership meets Pak HC to UK

KARACHI: JS Bank’s President and CEO, Basir Shamsie, and Chief Operating Officer, Imran Haleem Shaikh, held a...

Published 25 Jul, 2023 06:20am

Business & Finance

Newly-merged districts: BOK, consulting firm sign MoU

PESHAWAR: Bank of Khyber Raast Islamic banking and International Consulting Associates (Pvt) Ltd have signed a...

Published 14 Feb, 2023 06:37am

Pakistan

Govt warns ministries: Indian, N Korean hackers targeting crucial data

ISLAMABAD: Hackers from India and North Korea are said to be attacking Pakistan’s most valuable data including ...

Published 26 Jan, 2023 07:26am

Pakistan

Low-cost private schools: PMIC committed to providing financial services

ISLAMABAD: Pakistan Microfinance Investment Company (PMIC) is committed to provide financial services to low-cost...

Published 18 Nov, 2022 05:53am

Business & Finance

Fintech innovation: UBL Digital and Shorooq Partners ink agreement

KARACHI: United Bank Limited (UBL) has joined hands with the leading tech investor in the region Shorooq Partners, ...

Published 07 Sep, 2022 04:13am

Business & Finance

GE unveils brand names of three companies it plans to launch

ISLAMABAD: GE on Monday announced the brand names of the future companies it will create through its planned...

Published 19 Jul, 2022 08:21am

Business & Finance

SECP Regulatory Sandbox fuels regulatory reforms in financial services

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a position paper that shared...

Published 29 Apr, 2022 05:43am

Markets

Sri Lankan shares close at near 7-month high as financials rise

The CSE All-Share index rose 1.02% to 8,756.63 points
Twenty-nine stocks hit fresh highs, while 27 companies hit new lows on the main exchange

Published 25 Aug, 2021 05:03pm

Pakistan

Digital-only insurers, micro-insurers: SECP issues draft regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), as part of its agenda to promote ...

Published 17 Jun, 2021 03:27am

Business & Finance

Pakistan's Abhi raises $2m in seed investment

Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG

Published 07 Jun, 2021 06:19pm

BR Research

Fintech - a game changer for bottom of the pyramid

The microfinance sector in many emerging economies is benefitting immensely from the technology inculcation-...

Published 04 Jun, 2021 07:35am

Business & Finance

India's JSW Steel examining bid for Gupta's British business

Tycoon Sanjeev Gupta scrambles to refinance global empire.
JSW, controlled by billionaire Sajjan Jindal, eyes UK arm.
Steel sale politically sensitive in Britain.

Published 21 May, 2021 09:11pm

Pakistan

Pandemic results in greater use of financial services: survey

ISLAMABAD: Financial inclusion in Pakistan has increased from 21 percent of adults pre-pandemic to 25 percent in...

Published 08 May, 2021 03:30am

Business & Finance

Morgan Stanley hires UBS banker Greco to head Italy financial services M&A

Greco, who spent almost nine years at UBS covering major financial services (FIG) transactions in Italy and payments deals across Europe, will start at Morgan Stanley at the end of June and will be based in London, two of the sources said.
Orcel later brought Greco over to UBS where he joined the FIG team while Orcel was running UBS's investment banking unit between 2012 and 2018.

Published 08 Apr, 2021 06:57pm

Business & Finance

Pakistan-based fintech SadaPay raises $7.2M in seed

SadaPay closes the largest seed round of $7.2 million ever raised by a startup in Pakistan.

Updated 31 Mar, 2021 01:27pm

UK and EU agree post-Brexit financial services regulation

LONDON: Three months after Britain exited the EU, London on Friday reached a cooperation agreement on financial...

Updated 28 Mar, 2021 05:31pm

Pakistan

PMIC launches IDF for startups, women inclusion

KARACHI: Pakistan Microfinance Investment Company Limited (PMIC) has set up and launched ‘Institution Development...

Published 23 Mar, 2021 04:37am

Business & Finance

Morgan Stanley expands Black recruitment program

The structure was meant to cast a wider net to reach qualified candidates typically missed by the traditional Morgan Stanley recruitment process.
We're looking for candidates that demonstrate success in their previous careers and a willingness to adapt and understand the transferable skills that would be relevant and beneficial in our world.

Published 05 Mar, 2021 06:47pm

Markets

Sri Lankan shares end higher on industrial, financial boost

The benchmark stock index gained 0.75% to end at 7,054.49. However, it fell 5.6% for the week, its worst weekly performance since March 20 last year.
Trading volume on the CSE All Share Index fell to about 77 million from 133.8 million in the previous session.

Published 05 Mar, 2021 05:13pm

World

Colombia current account deficit shrank to 3.3pc of GDP in 2020

The deficit in 2019 was 4.4% of GDP, equivalent to some $14.3 billion, while the 2020 figure was equivalent to $9.08 billion.
Incoming foreign direct investment fell 46.3% last year to $7.69 billion, compared to the year before.

Published 02 Mar, 2021 09:39pm

Business & Finance

YPay signs agreement with AKDIML Mutual Funds

KARACHI: YPay Financial Services - a digital investment company - and AKD Investment Management Limited (AKDIML) –...

Published 26 Jan, 2021 05:05am

Business & Finance

Qatari bank sees gradual growth in Saudi after end of rift

QNB opened its branch in the Saudi capital in May 2017, just a month before the dispute erupted.
The bank would rebuild its information technology infrastructure and the banking team in Riyadh, Mari said.

Published 18 Jan, 2021 06:51pm

Business & Finance

UK has lost up to 7,000 financial services jobs due to Brexit, BoE says

That of course is the day one thing. It doesn't tell us what it might be eventually. It's substantially less, I should say.
The sorts of numbers that were being talked about after the referendum.

Published 06 Jan, 2021 08:39pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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