KARACHI, October 30, 2019: The State Bank of Pakistan (SBP) has incurred net loss of Rs 1.043 billion (consolidated) in the FY 19 as compared to a profit of Rs 175.673 billion in the FY18. According to Annual Performance Review of SBP for the year FY19, the decline is primarily attributed to exchange loss of…
Karachi, October 26, 2019: The Board of Directors of Meezan Bank Limited, in its meeting, held on October 24, 2019 approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the nine months period ended September 30, 2019. The Bank posted after tax profit of Rs. 10.94 billion for the…
Karachi, October 24, 2019: Realizing difficulties being faced by overseas Pakistan in operating their bank accounts due to non-biometric verification of their accounts, State Bank of Pakistan has issued detailed instructions on the alternate arrangement to facilitate their biometric verification. It may be mentioned here that as per alternate arrangement, overseas Pakistanis may approach their…
Abu Dhabi, October 18, 2019: The Board of Directors of Bank Alfalah Limited in its meeting held on October 18, 2019, in Abu Dhabi, approved the Bank’s unaudited interim financial statements for the period ended September 30, 2019. The Bank’s pre-tax profits grew by 16 percent from a year ago, amidst challenging operating environment. The…
Karachi, October 15, 2019: TPL Insurance, Pakistan’s first direct insurance company, is pleased to announce its strategic partnership with Pakistan’s leading commercial and retail banking institution Askari Bank Ltd. An MoU was signed between the two organizations on the 8th of October, 2019 at Askari Bank’s office in Islamabad. The partnership aims to explore new…