Pakistan News

    Bank Al Habib Car Financing In Pakistan

  • IFC to make $75m equity investment in Habib Bank

    ISLAMABAD: The International Finance Corporation (IFC), an affiliate of the World Bank, has announced to make equity investment of up to $75 million in Habib Bank Ltd (HBL) through purchase of secondary shares divested by the government...

    Moreover, the equity participation of IFC will posi­tively influence the perception of local and international investors regarding HBL and Pakistan...

  • Habib Bank acquires 51pc FMFB shares

    KARACHI: Habib Bank Limited (HBL) said on Wednesday that it has acquired 51 per cent majority shareholding in the First Micro-Finance Bank Limited (FMFB), the oldest microfinance bank in Pakistan with presence in over 150 locations covering 66 districts...

    A press release issued by the bank said the FMFB’s roots lie in the credit and savings programmes of the Aga Khan Rural Support Programme (AKRSP) dating back to 1982...

  • Habib Bank to open branch in China

    KARACHI: Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world’s number two economy...

    HBL said it would open a branch in Urumqi, the largest city in the province of Xinjiang, which lies along the traditional Silk Route and borders Pakistan...

  • Bank Al Habib declares 35pc dividend

    KARACHI: Shareholders of Bank Al Habib approved annual financial accounts for 2016 on Wednesday, according to a press release...

    The payment of 35 per cent final cash dividend was also approved in the bank’s annual general meeting held at its registered office in Multan...

  • Bank financing in Naya Pakistan

    In Naya Pakistan, will banks stick to the old, tested and tried ways of doing business? Or will there be a change?It depends on how quickly positive changes take root in the fiscal administration of the new political setup and reflect in its policies...

    Back in President Asif Zardari’s era, banks put their heart and soul in government financing and ignored the private sector to the extent that the State Bank of Pakistan (SBP) had to...

  • Bank financing in Naya Pakistan

    In Naya Pakistan, will banks stick to the old, tested and tried ways of doing business? Or will there be a change?It depends on how quickly positive changes take root in the fiscal administration of the new political setup and reflect in its policies...

    Back in President Asif Zardari’s era, banks put their heart and soul in government financing and ignored the private sector to the extent that the State Bank of Pakistan (SBP) had to...

  • Low interest rate fails to boost car financing

    KARACHI: The automotive industry has expressed conflicting opinions over the quantum of improvement in car sales through banks’ financing schemes...

    Some dealers said that the dip in interest rate from 10 to 7 per cent in almost a year had failed to bring any noticeable lift in car financing, while others believe a 10pc jump...

  • Pakistan's right-wing media vs Habib University

    What do right-wing news media outlets in Pakistan and their counterparts in India have in common? They are intolerant of progressive voices, and will go as far as doctoring videos and images to spread hate and fear...

    A recent seminar on religion and culture at Habib University in Karachi earned the ire of certain sections of the local press that doctored images to present a false account of the event...

  • Asian Development Bank calls for green financing mechanisms

    ISLAMABAD: The Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to catalyse environmentally and financially sustainable infrastructure investments in Asia and the Pacific...

    The report, titled ‘Catalysing Green Finance: A Concept for Leveraging Blended Finance for Green Deve­lopment’ outlined the concept of a Green Finance Catalysing Facility (GFCF), having a life of twenty years, which would...

  • 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...

  • US ExIm Bank offers long-term financing

    KARACHI: The US Export-Import Bank sees strong opportunities in Pakistan and will now offer long-term financing for public sector projects, its president Fred P...

    “Pakistan is one of those countries that are using the opportunity of falling oil and commodity prices to rethink their economies, eliminate subsidies and making more privatisations,” he told a group of journalists on Tuesday...

  • State Bank gives Rs36bn financing for renewable energy adoption

    KARACHI: The State Bank of Pakistan (SBP) has been providing financing on a large scale to promote renewable energy that helped Unilever Pakistan run its 30 per cent plants on renewable energy, central bank governor Dr Reza Baqir said on Tuesday...

    Addressing a joint webinar hosted by the SBP and Unilever Pakistan to create awareness about the former’s Financing Scheme for Renewable Energy (FSRE), Dr Baqir said that as of February...

  • Bank financing for under-construction projects allowed

    KARACHI: The State Bank of Pakistan (SBP) has allowed buyers to get bank financing for under-construction housing units aiming to bring about growth in the construction and housing sector in line with the government’s policy...

    “To facilitate buyers of under construction housing units in obtaining housing finance, the central bank has issued guidelines to banks and DFIs that allow them to extend loans for under-construction projects,”...

  • Habib School, City School PAF, St Joseph win netball ties

    KARACHI: Habib Girls School outplayed City School 10-2 in the opening match of the Karachi Girls Netball Cup which commenced here at the PSB Coaching Centre on Tuesday...

    In another fine contest, City School PAF (White) beat City School DK 4-1 while Habib Girls School beat St Joseph Girls School (Matric) 5-1...

  • More
Back to top