Business
Pakistan banks profitability jumps 20pc in 2019
Karachi, March 2, 2020: The year 2019 has been an exceptional year for the banking sector with profitability increasing by 20 percent or Rs30 billion to reach Rs177 billion, in spite of economic slowdown. The primary driver this year has been the net interest income which has increased by 27 percent from Rs486 billion to…
KMBL launches internet banking for faster banking experience
Karachi, March 02, 2020: Khushhali Microfinance Bank Limited (KMBL) enters the digital world in 2020 with the launch of its Internet Banking website. Customers will now be able to conduct financial and non-financial transactions on the go as per banking industry practices. Khushhali’s Internet Banking website will now allow customers to access services like secure intrabank…
Onions export banned by Federal Ministry of National Food Security
Karachi, March 02, 2020: The government on Sunday formally notified the ban on the export of onions. According to a notification issued by the food security and research ministry, the embargo will remain in place till May 31. The representative body of fruit and vegetable exporters has urged the government to allow the export of…
BankIslami’s Profit After Tax grew by 4.1 times to Rs. 1.1 bln for 2019
Karachi, March 01, 2020: The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on February 27, 2020 in Karachi approved the Bank’s audited financial results for the year ended December 31, 2019. The year 2019 proved to be a remarkable year for BankIslami, where the Bank posted impressive financial…
Governor Sindh Imran Ismail inaugurates a three-day plastic products show at Expo Centre Karachi
Karachi, February 28, 2020: Governor Sindh Imran Ismail has said that the nation is reaping the seeds of past governments, costly electricity and LNG contracts caused debt, which caused problems for the present government and the public, raising interest rates to bring investment was necessary to attract investments, but now interest rates are expected to…