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

Dubai Islamic Bank to Sell Its Stake in Jordan Dubai Islamic Bank

The biggest bank to offer Shariah based services in United Arab Emirates, DIB (Dubai Islamic Bank) has sold the bank’s stake in Jordan Dubai Islamic Bank (JDIB). This decision by the UAE operating banks has been taken to enhance banking services in smaller markets of Islamic Banking. The Jordan-based bank has increased by 4 times

Meezan Bank’s Senior Management meets Federal Minister of Religious Affairs

The senior management of Meezan Bank kept a meeting with H.E. Sardar Muhammad Yousaf, the Federal Minister of Religious Affairs & Inter Faith Harmony and Ministry of Religious Affairs and Inter-Faith Harmony (MORA). This meeting was conducted to discuss and work on the promotion of Riba-free banking system in Pakistan. Mr. Ijaz Farooq, Group Head

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

State Bank of Pakistan (SBP) To Issue Rs. 10 Coin

It is announced today that State Bank of Pakistan (SBP) will issue a Rs. 10 coin today. This news is officially approved by Federal Government. According to the provided details of Rs. 10 coin, it will be yellow colored, with rounded serrations. As far as the weight and diameter of the coin is concerned, it

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

United Bank Limited Makes Pakistan Proud In Hungary

United Bank Limited has always shown courage in taking bold steps. The bank is blessed with a team which always performs its best to deliver satisfaction to its users and customers. UBL is the bank where “U” comes first and this is the main USP of the United Bank Limited. Even now, the bank has

Tameer Microfinance Bank’s New Scheme For Socio-Economic Growth

Recently, Microfinance Tameer Bank has collaborated with government of Punjab to help farmers via unique and significant scheme which will be helpful for the farmers across Punjab. The worth of this collaboration is said to be more than 2 billion for around 35,000 farmers. The main ideology and objective behind this step is to take