Karachi, July 19, 2019: Banking sector is most likely to witness robust growth during this fiscal year (FY20) supported by higher interest rates. According to JS Global, outperform stance on banks for CY19 on account of healthy profitability growth driven by recent monetary tightening (1QCY19 Net Interest Income growth: 25 percent YoY), which is expected…
Karachi, July 8, 2019: Total Deposits in Jun-2019 clocked in 11 percent / 7 percent YoY/MoM higher at Rs14.46 trillion, boosted by (1) seasonal year-end targets, (2) funds from Asset Declaration Scheme and (3) prize bond registration. M2 growth clocked in at 12 percent YoY, where NDA registered 20 percent YoY growth. Advances recorded a…
Islamabad, June 11, 2019:The Gross Domestic Product (GDP) is expected to pick up and grow at 4 percent during the upcoming fiscal year 2019-20, with contribution of 3.5 percent from agriculture, 2.3 percent from Industry and 4.8 percent from services sector, according to Annual Plan 2019-20 released by the government here Tuesday. According to the…
Islamabad, May 2, 2019: As part of ongoing efforts to create jobs and economic growth in both countries, Pakistan and the United States on May 2nd held regular consultations under the U.S.-Pakistan Trade and Investment Framework Agreement (TIFA). The goal of the TIFA meetings is to expand bilateral trade and investment in both goods and…
Karachi, April 24, 2019: MCB Bank reports exceptional growth of 24 percent in Profit Before Tax, Announces the highest quarterly dividend of Rs. 4/share for the banking industry The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 24, 2019, to review the performance of the Bank…