Pakistan News

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  • Faysal Bank to open over 100 branches

    DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said...

    Ithmaar Bank owns 66 per cent of Faysal Bank, whose contribution to the Islamic retail bank’s overall balance sheet would likely grow to more than half as a result of the expansion, Ithmaar Deputy Chief...

  • Earnings of MCB, Faysal, Meezan rise

    KARACHI: MCB Bank reported on Wednesday that its profit for January-September amounted to Rs19...

    7pc “mainly on account of NIB Bank merger” in the third quarter, the bank said in its press release...

  • Sick of love triangles on TV? We love Faysal Qureshi's Mol for rising above

    Whether it’s the novel pairing of Faysal Qureshi and Naveen Waqar in the lead, award-winning writer Amna Mufti’s well-crafted script, or director Ilyas Kashmiri’s efficient handling of this original story by Faysal Manzoor Khan, this serial is making waves...

    Shahryar Hassan’s (Faysal Qureshi) family insists he marry his much younger cousin Sajal (Iqra Aziz), and in his desperation to escape a union he has absolutely no interest in,...

  • Former NBP president arrested on corruption charges involving bank's Bangladesh branch

    The National Accountability Bureau (NAB) on Friday arrested former National Bank of Pakistan (NBP) president Syed Ali Raza on charges of corruption after the Sindh High Court turned down Raza's bail request...

    The National Accountability Bureau (NAB) had filed a reference against the former NBP chief and other officials for allegedly misusing their authority by granting and revising financing facilities in the NBP Bangladesh branch...

  • Bank of China to open branch in Gwadar soon

    GWADAR: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday...

    Mr Jamaldini claimed that with the Gwadar Deep Seaport becoming operational, several of the country’s commercial banks were interested in opening branches in the port city and the...

  • Bank of China to open first branch in Pakistan

    Bank of China (BoC) will be setting up its first branch in Pakistan as it has received its banking license from the State Bank of Pakistan (SBP)...

    Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li in Beijing, where the latter was invited to visit Pakistan to inaugurate bank's first branch in Pakistan, expected to be set up in Karachi...

  • 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...

  • 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...

  • Iranian bank to open branch ‘very soon’: CG

    LAHORE: An Iranian bank will open its first branch in Karachi “very soon,” as the State Bank of Pakistan (SBP) and the Central Bank of Iran have already finalised all modalities, according to Iranian Consul General Mohammad Hossein Bani Asadi...

    He said Iran is ready to fulfil the growing energy needs of Pakistan, adding that the Pakistan-Iran Gas Pipeline project can be completed in a short span of time...

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