Published in The Banker Pakistan, December 29th, 2015.
KARACHI: Habib Bank Limited (HBL) posted a consolidated after-tax profit of Rs16 billion for the first half of 2016, with earnings per share rising to Rs10.86, it announced on Thursday. Along with the results, the bank declared a second-quarter dividend of Rs3.50 per share (35 per cent). Domestic deposits increased by 9pc and the bank’s […]
KARACHI: Al Baraka Bank has begun conducting due diligence of Burj Bank, which may lead to the amalgamation of two of the smaller entities in Pakistan’s banking industry. In response to a query sent earlier this week, the chief spokesperson for the State Bank of Pakistan (SBP) told The Banker Pakistan that it has granted Al Baraka Bank […]
KARACHI: Monetary expansion (broad money) reached Rs543 billion during the first nine months (July-March) of this fiscal year, an increase of Rs73bn over the same period last year, mainly due to low inflation and interest rate. The Consumer Price Index was at 2.5 per cent in July-February 2015-16, providing an opportunity for higher monetary expansion. […]
ISLAMABAD: Pakistan’s economy will continue to pick up during the current fiscal year as reform and stabilisation measures provide lift, with higher foreign exchange reserves, and softer inflation and oil prices also supporting the overall macroeconomic outlook, the Asian Development Bank (ADB) said in its annual economic report released on Wednesday. The ‘Asian Development Outlook […]