KARACHI: Habib Bank Limited (HBL) and the China Development Bank (CDB) signed on Monday a $500 million accord, the first such agreement between a Chinese and a Pakistani bank under which medium- and long-term foreign currency financing will be provided to a local financial institution...
The accord is “a follow-up to the framework agreement signed between CDB and HBL during the historic visit of President Xi Jinping to Pakistan in...
KARACHI: The government seemed to have resorted to creative accounting as it kept Habib Bank’s (HBL) privatisation proceeds in the profits of the State Bank of Pakistan (SBP) under the head of non-tax revenue collection...
During a press briefing on Saturday, SBP Governor Ashraf Mahmood Wathra confirmed that the sale of “the remaining shares of the HBL was kept in the books of the State Bank”...
KARACHI: Habib Bank declared 1QCY20 profit after tax at Rs4...
The bank’s net interest income grew 20pc during the quarter while the non-interest income fell by 13pc, reflecting slowed economic activity in the economy...
NEW DELHI: India must reverse a trend of falling women’s participation in the job market if it is to achieve its ambition of double-digit growth, the World Bank said on Monday...
The World Bank in its latest report said just 27 per cent of Indian women were working or actively looking for a job, a matter of “serious concern” that was holding back economic growth...
KARACHI: It was a familiar tale of woes for Karachi Blues when Lahore Blues shot them out for 153 on day one of the sixth-round Quaid-i-Azam Trophy National Cricket Championship match here on Saturday...
Upcoming fast bowler Sameen Gul wrecked HBL batting with eight wickets in the day’s outstanding performance to give UBL early initiativeAfter being sent into bat by Lahore Blues skipper Saad Nasim at the National Stadium, the home...
KARACHI: The cancellation of South Africa’s Mzansi Super League could well end up to be a blessing in disguise for the upcoming edition of the HBL-Pakistan Super League...
With Pakistan Cricket Board chief Ramiz Raja finalising preparations for the Karachi leg of the PSL on Tuesday, it emerged that top South African players including the likes of batter David Miller and pacer Kagiso Rabada are expected to make themselves available for...
KARACHI: It couldn’t have got gloomier than this for Karachi Kings...
Two horrendous run-outs and the sight of Babar Azam’s uprooted off-stump was perfectly symbolised where they stood at the seventh edition of the HBL Pakistan Super League...
FIFA general secretary Jerome Valcke was suspended in October in the wake of the biggest crisis in football’s world governing body after misconduct allegations surrounding tickets for the 2014 World Cup in Brazil...
”PFF’s audit report for 2014 doesn’t, however, particularly show that surcharge amount from the sale of tickets as sponsorship...
The reserves, piled up in the past decade due to high crude prices, dropped from $732bn at the end of 2014 to $683bn at the end of April, Saudi firm Jadwa Research said in a report...
ISLAMABAD: Eleven Pakistani members of the Ahmadi religious minority were murdered for their faith in 2014 and authorities failed to apprehend any of the killers, a report said Monday, highlighting growing intolerance toward the sect...
PESHAWAR: A Peshawar High Court bench has summoned the counter-terrorism department’s DSP (investigation) along with the relevant records over a plea of the father of a student martyred in the 2014 Peshawar Army Public School carnage that his statement be recorded by the agency probing the killings...
Meanwhile, the bench also adjourned hearing into another petition filed by slain APS student Asfand Khan’s father, advocate Ajun Khan,...
An Anti-Terrorism court (ATC) in Islamabad on Friday ordered Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan to record his statement in four cases — including the Asmatullah Junejo assault case — registered after the PTI's months-long 2014 dharna which left the capital city paralysed...
"Referring to this 2014 dharna, Khan claimed the sit-in was "politically driven"...
A new full bench of the Lahore High Court (LHC) on Monday started hearing multiple petitions concerning the 2014 Model Town tragedy after a previously-constituted bench recused itself from hearing the case over "personal reasons"...
KARACHI: Banking industry’s pre-tax profit surged by 52 per cent to an all-time high of Rs247 billion in 2014 thanks to their huge investments in government securities, the State Bank said on Thursday...
In its quarterly report ‘Performance of Banking Industry’ for Oct-Dec 2014, the SBP said, “Banks holding of government securities surged to Rs4...
The report revealed that Foreign Direct Investment (FDI) outflows from developing Asia increased by a third to $440 billion in 2014, followed by North America ($390bn) and Europe ($286bn)...
Moreover, transnational corporations (TNCs) from developing economies invested almost half a trillion US dollars abroad in 2014 — a 30 per cent increase from the previous year...