Pakistan News

    Habib Bank Pakistan Financial Statements

  • 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...

  • ECP suspends 261 lawmakers for non-disclosure of financial statements

    The Election Commission of Pakistan (ECP) on Monday suspended the membership of 261 lawmakers for failure to submit details of their finances under sub-section 42A of the Representation of People Act (RoPA) by Sept 30...

    An ECP notification named members of the National Assembly, Senate and provincial assemblies as among those "who have failed to file their statements of assets and liabilities" for themselves, their spouses and their...

  • Email financial statements: SECP tells listed companies

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed listed companies to forward electronic copies of quarterly and annual financial statements along with other documents...

    As per the requirements under Companies Act 2017, every listed company has to file annual financial statements and other documents (auditors’ report, directors’ report and chairman review report) through post to the corporate sector...

  • Firms must file transparent financial statements: FBR

    ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Shabbar Zaidi in a letter urged the SECP chairman to ensure that companies submit transparent financial statements for the purpose of taxation...

    Zaidi said that it has been observed that the quality of statements filed by the financial companies especially private limited companies are not in line with the standards...

  • Jemima says has tracked down old bank statements to 'prove' Imran Khan's money trail

    In a tweet on Thursday, Jemima Goldsmith, Imran Khan's former wife, announced that she has "finally tracked down 15 year old bank statements" to substantiate Imran Khan's claims about his financial transactions in ongoing cases in the Supreme Court (SC) and the Election Commission of Pakistan (ECP)"Finally tracked down 15 year old bank statements to prove Imran Khan's money trail/innocence in court...

    In a disqualification case being...

  • 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...

  • 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...

  • Habib Girls School win throwball title

    KARACHI: Habib Girls School (HGS) beat Bahria College 2-1 in a thrilling final to win the second Abdul Sattar Edhi Girls O-Level Throwball Tournament here at Generation’s School on Saturday...

    The event, which had 32 teams participating in it, was organised by the Pakistan Throwball Federation (PTF)...

  • Ton-up Waqas guides New Al-Habib to convincing win

    KARACHI: Mohammad Waqas struck a brutal century to help New Al-Habib CC trounce Eaton CC by 56 runs in the 32nd Karachi Gymkhana Omar Associates Ramazan Cricket Festival fixture at the KG Ground here on Monday...

    After being sent into bat, New Al-Habib posted 217-3 with Waqas striking 102 off just 52 deliveries with the aid of eight sixes and eight fours...

  • New Al-Habib win

    KARACHI: New Al-Habib continued their winning run in the 32nd Karachi Gymkhana Omar Associates Ramazan Cricket Festival when they whipped Sojhla CC by eight wickets at the KG Ground here on Wednesday...

    New Habib CC reached their modest target in 10...

  • Col Habib’s case can’t be taken to ICJ, UN: minister

    Minister for States and Frontier Regions retired Gen Abdul Qadir Baloch candidly conceded that it was yet to be established that retired Lt Col Habib had been picked up by the Indian forces...

    Senate Chairman Mian Raza Rabbani asked if the statement meant that the Foreign Office was exonerating India from the kidnapping of retired Col Habib as the minister had admitted absence of concrete evidence...

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