Pakistan News

    Meezan Bank Car Leasing Karachi Se

  • PC board recommends leasing out Pakistan Steel for 30 years

    The Privatisation Commission’s board agreed Tuesday to a proposal to lease out Pakistan Steel Mills (PSM), recommending that the length of the lease agreement be 30 years...

    The recommendations have been forwarded to the Cabinet Committee on Privatisation, which will decide whether the proposal should be approved or not
  • Planning Commission opposes LNG terminal leasing at Gwadar

    ISLAMABAD: While the Planning Commission has opposed the leasing option of an LNG terminal at Gwadar, preferring an outright purchase of the facility for Rs41 billion, the Central Development Working Party (CDWP) led by Planning and Development Minister Ahsan Iqbal has set aside the commission’s objections, giving the petroleum ministry a go-ahead for leasing the Floating Storage and Re-gasification Unit (FSRU) for 25 years at an estimated...

  • Earnings of MCB, Faysal, Meezan rise

    KARACHI: MCB Bank reported on Wednesday that its profit for January-September amounted to Rs19...

    7pc “mainly on account of NIB Bank merger” in the third quarter, the bank said in its press release...

  • Crime diary: Car sales boom as do car thefts

    But there is a darker side to the boom too – car thefts have increased in the country...

    Several senior police officers agreed that car lifters provide an alternative market attractive to buyers who cannot afford the high prices of the regular market...

  • 34 dead as car bomb hits bank in Afghanistan

    LASHKAR GAH: At least 34 people were killed on Thursday when a powerful car bomb struck a bank in Afghanistan’s Lashkar Gah city as people were queuing to withdraw salaries, the latest bloody attack during the holy month of Ramazan...

    Over fifty wounded people were rushed to hospital after the bombing at New Kabul Bank which upturned vehicles, left the area littered with charred debris and sent a plume of smoke into the sky...

  • 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”...

    United Bank received the same award last year...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • 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...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • More
Back to top