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  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

  • Impact of Warid deal on Bank Alfalah

    In this scenario, banking sector analysts expect Bank Alfalah (BAFL) to realise a decent one-off gain from the transaction...

    Know more: Mobilink, Warid to combine in Pakistan’s first telecom merger“BAFL acquired a 26pc stake in Warid Telecom in 2004...

  • Bank Alfalah, CLSA in partnership

    KARACHI: Bank Alfalah Ltd (BAFL) on Monday announced that it is entering into a strategic partnership with CLSA, a Hong Kong-based investment group, in BAFL-owned Alfalah Securities Ltd on Aug 30...

    “In Pakistan and Bangladesh we are either the largest foreign broker (measured by value of trade done) or in the top three...

  • Bank Alfalah’s facility for Ehsaas cash delivery

    KARACHI: Bank Alfalah has said that its designated facilities will remain open on Saturdays and Sundays for disbursements under the Prime Minister’s Ehsaas Emergency Cash Programme...

    In a press release, Bank Alfalah has said it is proud to be one of the two exclusive partners for delivery of cash under the Ehsaas programme...

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • World Bank shows interest in financing Blue Line bus project

    He said this while holding a luncheon meeting with a World Bank team led by its Country Director Pachamuthu Illangovan here on Tuesday at CM House...

    WB officials stress need for improved service deliveryDuring the meeting the participants discussed improvement for investment climate through reforms, launching e-government system, strengthening of government capacity for service delivery, access to European markets and problems being...

  • Court seeks details of Chinese bank’s loan for Orange Line

    LAHORE: The Lahore High Court on Thursday directed the Punjab government to furnish details of loans it obtained from a Chinese bank for multi-billion Orange Line Metro Train project...

    As a division bench resumed hearing several identical petitions against the project on multiple grounds, counsel for civil society, one of the petitioners, argued that the government obtained loans from a Chinese bank on a higher mark-up and without...

  • Rs540,000 looted from bank branch in Ranchhore Line

    KARACHI: More than half a dozen armed robbers stormed into a private bank branch in Ranchhore Line on Tuesday and walked off with half a million rupees in this year’s eighth such heist in the city, officials said...

    They added that over six armed motorcyclists pulled up at Summit Bank near Lakh Pati Chowk in Ranchhore Line and four of them disarmed a security guard deputed at its entrance...

  • World Bank to help develop Pakistan’s renewable energy sector

    ISLAMABAD: World Bank President Dr Jim Yong Kim on Monday offered technical and financial help in technological improvements in the renewable energy sector...

    He was talking to Finance Minister Ishaq Dar who called on him during the spring meetings of the World Bank and International Monetary Fund (IMF) in Washington, said a message received from the Embassy of Pakistan...

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