State Bank decides to implement International Bank Account Number (IBAN) Standard in Pakistan
Karachi, State Bank of Pakistan (SBP) Tuesday decided to implement International Bank Account Number (IBAN) standard in the country with a view to bring about account code standardization and efficiency in processing of payments for domestic [...]
State Bank invites applications for Primary Dealers appointment
Karachi, State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as Primary Dealers (PDs) of Government Securities i.e. Pakistan Investment Bonds (PIBs) and Market Treasury Bills (TBs) for [...]
Pakistan’s total liquid foreign exchange reserves
Karachi, Pakistan’s total liquid foreign exchange reserves stood at $16,416.1 million on May 4, 2012, State Bank of Pakistan said Thursday.
According to break-up, foreign reserves held by SBP were $11,978.0 million and net foreign reserves [...]
Silkbank declares Rs 172 million profit for 2012′Q1
Karachi : Board of Directors of Silkbank Tuesday announced profit before tax of Rs 172 million in first quarter of 2012 which translates to 9.7% increase over previous corresponding period. This is despite increase in administrative cost by [...]
Standard Chartered Bank (Pakistan) profit for Q1’2012 increase 28% over Q1 2011
Karachi, Standard Chartered Bank (Pakistan) Limited announcing Q1’2012 results said its profit (before tax) grew by 28% to PKR 2.4 billion in Q1 2012, with earnings per share up at PKR 0.40 per share from PKR 0.30 per share in Q1 2011.
It [...]
Waseela Microfinance Bank begins operations in Pakistan
Lahore, Waseela Microfinance Bank Limited (WMBL) commenced operations in Pakistan with opening of its first branch in Islamabad.
President & CEO WMBL Ghazanfar Azzam said “we will continue to research, innovate, offer customer focused [...]
National Bank of Pakistan meets 1250 online branches target
Karachi, National Bank of Pakistan NBP’s IT Division converted 1250 branches online out of its countrywide network of 1270 branches.
With 98% branch network going online, people living in remote areas will benefit the most. Through online [...]
SBP Conversion Rates
Karachi, The State Bank of Pakistan Friday announced the rates applicable for conversion into rupees of foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, special US dollar bonds and profits thereon [...]
Bank Holiday on May 01
Karachi, State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Tuesday the 1st May, 2012 being Public Holiday declared by the Government of Pakistan on the occasion [...]
MCB Bank posted Rs8.7bn profit before tax in year 2012 first quarter
Karachi, MCB Bank posted Rs 8.7 billion profit before tax and Rs 5.6 billion profit after tax in first quarter ended March 31, 2012, with an annual increase of 10% and 12% respectively.
MCB Bank Board of Directors meeting chaired Tuesday by [...]
