Published in The Banker Pakistan, March 17th, 2017.
KARACHI: Remittances sent by overseas Pakistani workers increased 13.2 per cent in the first two months of 2017-18, the State Bank of Pakistan (SBP) reported on Tuesday. Inflows from all major sources rose in July-August, indicating that the trend of negative growth witnessed in 2016-17 has reversed. The country received $3.49 billion in the period […]
KARACHI: Five former senior officials of National Bank of Pakistan (NBP) and two corporate chiefs are in the crosshairs of the National Accountability Bureau (NAB) for allegedly engaging in a fraud to the tune of Rs10.4 billion. The accused include Azgard Nine Ltd CEO Abid Humayun Shaikh and CFO Abid Amin. The company is a […]
Pakistan Stock Exchange (PSX) slipped on Monday, with the benchmark KSE-100 index losing 274 points, or 0.66 per cent, to close at 41,127. The index opened higher on Monday and hit the day’s high of 41,552 but then began to lose points, touching the day’s low of 41,062 points towards the close of the trading […]
DEPOSITS and other accounts of all scheduled banks stood at Rs11,651.413 billion after a 0.86 per cent increase over the preceding week, according to the weekly statement of position of all scheduled banks for the week ended Aug 25. On a year-on-year basis, the figure was higher by 14.61pc. Deposits and other accounts of all […]