Pakistan News

    Hbl Pakistan Profit Rates

  • HBL profit drops 94pc after US penalty

    KARACHI: The penalty of $225 million that the US regulator recently imposed on Habib Bank Ltd (HBL) eroded its net profit for January-September by 94 per cent on a year-on-year basis...

    Net profit of HBL for the nine-month period amounted to Rs1...

  • HBL’s stake sale proceeds shown as profit of State Bank

    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”...

  • HBL half-year profit soars to Rs16bn

    KARACHI: Habib Bank Limited (HBL) posted a consolidated after-tax profit of Rs16 billion for the first half of 2016, with earnings per share rising to Rs10...

    Average current accounts for the January-June period increased by Rs78bn compared to the same period a year ago, enabling HBL to reduce its cost of domestic deposits to 2...

  • HBL profit jumps 27pc

    KARACHI: Habib Bank Ltd (HBL) on Wednesday reported a 27 per cent increase in its profit-after-tax (PAT) to Rs15...

    Financial sector analysts said the profit was higher than the market expectations...

  • Profit rates on savings schemes cut by 68bps

    KARACHI: The government on Thursday slashed the rates of return on various National Savings Schemes (NSS) by up to 68 basis points in the wake of falling inflation and resultant declining interest rates...

    A reduction in NSS profit rates badly hits savers, particularly retired people as these savings are their only source of income...

  • National Savings profit rates slashed

    ISLAMABAD: In a late night development on Tuesday, the Central Directorate of National Savings (CDNS) decreased profit rates on all national savings schemes...

    The new rates will be applicable to deposits and investments made with effect from Nov 1...

  • Profit rates on savings schemes slashed

    ISLAMABAD: The government on Friday slashed profit rates on all savings schemes and accounts of the Central Directorate of National Savings (CDNS)...

    The new rates will be applicable to deposits and investments with effect from April 24...

  • Profit rates on savings schemes revised

    Likewise, the profit payable on Bahbood Savings Cer­­tificates has also been redu­ced from 11...

    It said the profit payable on regular income certificate has been set at Rs360 for Rs50,000 certificate and Rs720 on Rs100,000 certificate...

  • Govt to sell off its HBL stake for $1.02bn

    ISLAMABAD: The government will rake in over $1 billion by selling its 609-million-share stake in Habib Bank Ltd (HBL), a deal that would surpass the equity capital market transactions of OGDCL ($813m) and PTCL ($898m)...

    Speaking at a news conference after the meeting, Privatisation Commission Chairman Mohammad Zubair said the transaction received “tremendous” response from both foreign and domestic markets, and it was Pakistan’s...

  • HBL share sales

    The government is to be congratulated on the success of the sale of its stake in HBL, but some questions remain...

    5pc shares in HBL, the country’s largest commercial bank...

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