NIB Bank’s merger with and into MCB Bank comes into effect

[Lahore: 11th July 2017] NIB Bank Ltd (NIB)’s merger with and into MCB Bank Ltd (MCB) has come into effect from close of business 7th July 2017. All properties, assets, liabilities, rights and obligations of NIB now stand amalgamated and vest permanently in MCB. For now, no changes will be made to the banking services

NDC Announces Collaboration with Thomson Reuters To Endorse Risk Products in Pakistan

Lahore:June 03, 2017: National Data Consultant (Pvt) Ltd (NDC), an award-winning IT Service Provider to Banks and Financial Institutions in MEA, opened a collaboration with Thomson Reuters to endorse risk products in the country. Nadim Najjar, Managing Director, Middle East and North Africa, Thomson Reuters, said that Pakistan has phenomenal economic possibilities to give. The

SBP Asks Banks to Cooperate For Contending Cyber Threats

State Bank of Pakistan (SBP) has coordinated money related organizations (FIs) to advance joint effort at an industry level for fighting expanded danger of cyber-attacks in the managing an account framework and banking system. In this association, FIs might utilize a stage inside the business with the end goal of gathering and exchanging convenient data

Pakistan Received $7.75 Billion in Foreign Loans, Grants During 2016-17

Pakistan tentatively received $7.747 billion equivalent to 96% of depicted estimates of foreign money by multilateral and bilateral patrons in the ongoing financial year. (July-May) The EAD (Economic Affairs Division) data mentioned that government took $1.545 billion from different banks in only the month of May 2017. The China Development Bank (CDB) gave $ 1

HBL Opens Profit of Rs. 34.2 Billion for 2016!

HBL has stated a combined profit after tax of Rs. 34.2 billion for the total year 2016, along with earning per share having value of Rs. 23.23. With these results, HBL stated a final dividend of Rs. 3.50 each share, making the total dividend of the year to Rs. 14. The balance sheet of HBL

UBL Funds – The First Movers In Banking Sector

UBL Funds is considered as the most inspiring AMC of Pakistan. UBL Funds has always known as the first mover in the financial industry. Right from the Phone Banking to the Cyber Security Champions, UBL has come a long way. The kind of repute and position which UBL enjoys in the banking sector is worth

Al Baraka Bank Acquires Burj Bank

Banking sector is going through some serious changes these days. Al Baraka Bank is quite a known bank in Pakistan and holds a great repute. Recently Al Baraka Bank has acquired all the branches, operations and human resource of Burj bank. This is quite a news for banking professionals and enthusiasts. This move will be

Life Plus Savings Account Is Great Initiative By Faysal Bank

Faysal Bank is among the reliable and reputed banks of Pakistan. Faysal Bank has always kept customers first while introducing multiple schemes and promotions. This time again Faysal Bank has kept focus on senior citizens of Pakistan, and has launched Life Plus Saving Account. What’s Faysal Bank’s Life Plus Saving Account Is All About? The

Pay Your Children’s School Fee Easily with FBL Credit Cards!

If you want to pay your school fee, it’s now easy. With Faysal Bank’s Credit Card, it’s is now possible to slice up the fees conveniently on easy installments on monthly basis. You can enjoy: Fee waiver on Pay Order Placing request for issuance of Pay Order through FBL Call Centre Collecting your Pay Order