KARACHl: Dubai Islamic Bank Pakistan Limited(DIBPL) and Junaid Jamshed (J.) signed a business and marketing alliance on Friday to promote each other`s respective products and services to a shared customer base.
DIBPL, a subsidiary of Dubai Islamic Bank UAE, has 150 Locations (125 Branches and 25 Branchless Booths) in 40 cities and a customer base of over 130,000, a press release said.
Published in The Banker Pakistan, March 1th, 2014.
The Central Bank pumped in Rs109.00bn into the banking on August 18, in an open market operation. The injection was made in a one-day contract at 5.71pc. The central bank had received bids worth Rs138.00bn. A week earlier on August 18 the SBP had injected a massive Rs939.60bn into the banking system. According to the […]
KARACHI: The Pakistan Stock Exchange (PSX) closed at a new all-time high for the second consecutive day, mainly led by activity in banking sector. The KSE-100 index gained 55.72 points (0.14 per cent) to close at 39,861.60 points. Volumes were up 59pc to 385 million shares, as 110m shares, which accounted for 60pc of the […]
KARACHI: MCB Bank posted unconsolidated profit of Rs10.7 billion in the first half of 2016, down 20.9% from Jan-Jun 2015. In a stock notice on Wednesday, MCB also announced an interim cash dividend of Rs4 per share, which takes the first half cumulative pay-out to Rs8 per share. The result was below analysts’ expectations mainly because […]
KARACHI: Banks disbursed Rs598.3 billion in agriculture credit in fiscal year 2015-16, which was 16% higher than disbursement of Rs515.9 billion in 2014-15 and almost met the annual target of Rs600 billion, announced the State Bank of Pakistan (SBP) on Monday. “It is important to note that despite negative growth of the agriculture sector due to […]