Business
Bank Alfalah Commits Rs. 10 million For PM’s Ehsaas Ration Distribution Program
Karachi, June 24, 2020: Bank Alfalah will be donating Rs. 10 million under the PM’s Ehsaas Ration Distribution Program for the provision of much-needed food supplies in areas of Pakistan which have been most affected by the pandemic. This collaboration follows the Bank’s efforts to support communities in Gilgit-Baltistan, Azad Jammu & Kashmir, and Khyber…
BankIslami opens new branch in Balochistan
Karachi, June 24, 2020: BankIslami announced the opening of its new branch in Sanjavi Balochistan. To commemorate the new location, higher officials from Balochistan and Burhan Hafeez, General Manager – South, BankIslami joined, at the grand opening celebration and ribbon-cutting ceremony to officially open the branch. “We’re excited to expand our presence in Balochistan and…
Transfast partners with HBL for global remittances
Karachi, June 23, 2020: Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available…
PSX index closed with an increase of 325pts
Karachi, June 23, 2020: Market followed the momentum made yesterday and increased another 335 points during the session, closing +309 points (unadjusted). Traded volume remained thin as have been the case in the past couple of sessions, mainly due to financial year end marked to market valuation of portfolio scrips by institutional investors. Among E&P…
Governor SBP chairs first meeting of steering committee on housing and construction finance
Karachi, June 23, 2020: To prepare and implement a roadmap to ensure sustainable market‐led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The…