Pakistan News

    Habib Metropolitan Bank Karachi Branches Of Earth

  • Habib Metropolitan to launch another Rs300m modaraba

    ISLAMABAD: The Habib Metropolitan Modaraba Management Company Pvt Ltd (HMMMCPL) has been issued formal authorisation by the SECP to float another modaraba of Rs300 million under the name of ‘Habib Metro Modaraba’...

    A wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), HMMMCPL is currently managing First Habib Modaraba which is listed on the stock exchange...

  • 79 bank branches to be set up in Balochistan

    QUETTA: Commercial banks would set up 79 branches across Balochistan, while a soft scheme would be launched for skilled women in the province, Governor State Bank of Pakistan Ashraf Mehmood Wathra said on Tuesday...

    Addressing a press conference at the end of his two-day visit to Quetta, he said that after receiving a feasibility report on the proposed Balochistan Bank, the SBP would take steps to materialise the proposal...

  • 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...

  • 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...

    “Habib Bank Limited is the first South Asian bank to get this permission,” a bank statement said, without setting a precise timeframe for opening...

  • 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...

  • What happened to the Islamabad Metropolitan Corporation?

    His mistrust is not completely misplaced: the federal government has failed to transfer assets and responsibilities from the Capital Development Authority (CDA) and Islamabad Capital Territory (ICT) admin to the newly-formed Islamabad Metropolitan Corporation...

    “It is ironic that this delay in the distribution of assets and departments between the metropolitan corporation and the CDA/ICT has increased anxiety among voters, who have...

  • Banks asked to dedicate one-fifth of branches to agri-lending

    QUETTA: The Agricultural Credit Advisory Committee (ACAC) has proposed that banks should dedicate at least 20 per cent of total branches to agri-lending, according to a press release on Saturday...

    A meeting of the ACAC, which is a national-level consultative committee for setting annual targets for agricultural loans and their monitoring, took place in Quetta on Friday under the chairmanship of State Bank of Pakistan (SBP) Governor...

  • FBR, NBP branches to remain open today

    ISLAMABAD: All field offices of Federal Board of Revenue (FBR) and National Bank of Pakistan (NBP) would remain open today (May 30) for collecting duties and taxes...

    FBR in coordination with the State Bank of Pakistan (SBP) and NBP has made special arrangements for collection of duties and taxes on Saturday, as May 31 (Sunday) being a public holiday, according to a FBR statement on Friday...

  • Altaf calls PTI, JI ‘branches of Taliban, Al Qaeda’

    KARACHI: Muttahida Qaumi Movement chief Altaf Hussain has called the Pakistan Tehreek-i-Insaf and Jamaat-i-Islami ‘bran­ches of the Taliban and Al Qaeda’ and predicted a massive defeat for his party’s rivals in the NA-246 by-election on April 23...

    Addressing a huge rally on Liaquatabad flyover on Saturday, the MQM chief said the people of Karachi had already rejected the pro-Taliban forces and they would vote for his ‘progressive,...

  • PTI moves bill to empower Metropolitan Corporation Islamabad

    The National Assembly (NA) on Tuesday lent its approval to a bill filed by Pakistan Tehreek-i-Insaaf's (PTI) Asad Umer seeking the empowerment of the Metropolitan Corporation Islamabad (MCI) and the equitable distribution of resources...

    ”Explore: What happened to the Islamabad Metropolitan Corporation?The bill, in its "statements, objects and reasons" outlines the following;Asad Umar appreciated the decision of the Punjab government...

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