Pakistan News

    Islamic Development Bank Pakistan Alfalah

  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

  • Impact of Warid deal on Bank Alfalah

    In this scenario, banking sector analysts expect Bank Alfalah (BAFL) to realise a decent one-off gain from the transaction...

    Know more: Mobilink, Warid to combine in Pakistan’s first telecom merger“BAFL acquired a 26pc stake in Warid Telecom in 2004...

  • Bank Alfalah, CLSA in partnership

    KARACHI: Bank Alfalah Ltd (BAFL) on Monday announced that it is entering into a strategic partnership with CLSA, a Hong Kong-based investment group, in BAFL-owned Alfalah Securities Ltd on Aug 30...

    “In Pakistan and Bangladesh we are either the largest foreign broker (measured by value of trade done) or in the top three...

  • Bank Alfalah’s facility for Ehsaas cash delivery

    KARACHI: Bank Alfalah has said that its designated facilities will remain open on Saturdays and Sundays for disbursements under the Prime Minister’s Ehsaas Emergency Cash Programme...

    In a press release, Bank Alfalah has said it is proud to be one of the two exclusive partners for delivery of cash under the Ehsaas programme...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Council of Islamic Ideology terms certain sections of NAB law 'un-Islamic'

    The Council of Islamic Ideology (CII) on Thursday termed some sections of the National Accountability Ordinance, 1999, as going against the Shariah...

    Addressing a press conference on Thursday, chairman of the CII, Dr Qibla Ayaz, said the council held a two-day-long meeting during which it concluded that sections 14-D, 15-A and 26 of the NAO were un-Islamic...

  • WB explores role of Islamic finance in development

    ISLAMABAD: A World Bank study has explored the potential of Islamic financial sector in supporting the Sustainable Development Goals...

    The Islamic finance assets grew at an annual rate of 17 per cent during 2009-2013 and are estimated to exceed $2 trillion...

  • PAKISTAN’S CHALLENGES: SUSTAINABLE DEVELOPMENT GOALS 2015-2030: Looking inwards: the new development paradigm

    - Pakistan’s national income per capita has doubled since 1990; with income poverty declining nearly three times since 2000- The share of Foreign Direct Investment in the economy has fluctuated in the past 30 years; in 2013 it was back at the 1990 level- If Pakistan is to meet the SDGs, there is considerable scope to improve the role of partnershipsNegotiating the path towards sustainable development is not easy for any country acting...

  • State Bank widens Islamic banks' benchmark requirements

    The State Bank of Pakistan (SBP) has amended its regulations to exempt Islamic banks from using interest-based benchmarks for some of their financing products, the latest government step aimed at boosting Islamic finance...

    Despite a direct ban on charging interest, interest-based benchmarks are used as a pricing reference by a majority of Islamic banks, due in part to the absence of stable and widely-published alternatives...

  • Jamaat wants Bank of Khyber to adopt Islamic banking

    PESHAWAR: Jamaat-i-Islami has said that Khyber Pakhtunkhwa government should convert conventional branches of Bank of Khyber into Islamic banking and introduce Arabic as compulsory subject in curriculum to pave way for Islamisation in the province...

    “JI had signed an agreement with Pakistan Tehreek-i-Insaf before joining the coalition setup in 2013 under which the new government would abolish secular values and promote Islamisation...

  • Asian Development Bank warns climate change 'disastrous' for Pakistan

    A business-as-usual approach to climate change will be “disastrous “for Asia undoing much of the phenomenal economic growth that has helped it make vast inroads against poverty, the Asian Development Bank said in a report released Friday...

    Myanmar, the Philippines, Bangladesh, Vietnam, Pakistan, and Thailand are among the world's top 10 countries most affected by extreme weather events, it said...

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