News

Telenor Microfinance Bank, Mastercard to Improve Cashless Payments in Pakistan

Posted by BankNews.Biz on 24/05/2018
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Category: News & Events

In a vital move  went for additionally driving the cashless biological system in Pakistan, Mastercard, a main innovation organization in the worldwide installments industry, and Easypaisa, the first and biggest versatile money related administration (MFS) supplier in the nation, will now empower Masterpass QR payments for Easypaisa Mobile Account users on the Easypaisa cell phone App. Masterpass QR is the nation’s first interoperable QR installment services that permits cell phone buyers to just scan a

Major Shareholders in Meezan Bank Planning To Sell Off Shares!

Posted by BankNews.Biz on 24/05/2018
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Category: Meezan Bank Limited
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Noor Financial Investment Company, a generous partner of Meezan Bank with a shareholding of 49.11%, by and by plans to sell off 9.59% offers of the bank to potential outside speculators. As per the warning issued to PSX, Noor Financial Investment Company is in introductory non-restricting talks with outside institutional speculators for a proposed divestment of 101,900,000 common offers in Meezan Bank, constituting to a sum of 9.59% of the aggregate issued and paid-up capital

Bank of Punjab

Bank of Punjab Announces its Q1 2018 Results

Posted by BankNews.Biz on 09/05/2018
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Category: Bank of Punjab

The Bank of Punjab reported its Q1 2018 income today, revealing a benefit of Rs. 1.94 billion up by 24.36% from Rs. 1.56 billion in a similar quarter in recent year, which is above market expectations. The gain per offer of the bank had fallen to Rs. 0.73 in this quarter when contrasted with Rs. 1.00 in a similar period in 2017. Alongside the quarter comes about, the Bank likewise pronounced its FY17 outcomes. The

Fbr

FBR Releases PIA’s Bank Accounts After Partial Payment

Posted by BankNews.Biz on 09/05/2018
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Category: Uncategorized

The Federal Board of Revenue (FBR), currently, solidified Pakistan International Airlines’ (PIA) bank accounts over the over non-installment of exceptional tax dues. FBR had solidified PIA accounts after it postponed the compliance of current month’s tax accumulation of around Rs 100 million, expressed media reports. The reports declared that PIA has been known for postponing installments to FBR since it owes Rs 32 billion in extraordinary dues, and the PIA has gotten a stay order

alfalah

Bank Alfalah Accounts 17% Profit Growth in First Quarter of 2018

Posted by BankNews.Biz on 30/04/2018
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Category: Bank Alfalah
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Bank Alfalah Limited (BAFL) is one of those limited banks which has been able to maintain its stable benefit development, which expanded by 17% in the primary quarter of 2018. As per budgetary outcomes, the bank recorded a benefit of Rs. 3.26 billion in the primary quarter of 2018 when contrasted with Rs. 2.78 billion benefits enrolled in a similar period a year ago. The bank’s EPS expanded to Rs. 2.02 for each share from

Meezan Bank Opens a 26% Rise in Profit in First Quarter 2018

Posted by BankNews.Biz on 30/04/2018
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Category: Uncategorized

Meezan bank kept showing strength in its financial development which grew by 26 percent in the primary quarter of 2018. As per the budgetary statements Pakistan’s leading undeniable Islamic Bank made a profit of Rs. 1.914 billion in the time frame of January to March when contrasted with Rs. 1.511 billion in the relating time of a recent year. The bank earned money from different roads of financing and investments because of an expanding infiltration

Habib Metro Bank States 22% Rise in Profits for Q1 2018!

Posted by BankNews.Biz on 26/04/2018
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Category: Uncategorized

Habib Metro Bank has begun off its year with a decent 22 percent development in benefits in the first quarter of 2018, surging to Rs. 1.573 billion from Rs. 1.288 billion contrasted to last year. As per the monetary statement, the bank earned Rs. 3.45 billion from interest wage and non-interest roads likewise developed to Rs. 1.57 billion. However, the bank’s expenditure also increases to Rs. 2.35 billion in the first quarter of 2018, up

Stock Exchange Discovers Excessive Tax on Corporates!

Posted by BankNews.Biz on 23/04/2018
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Category: News

The Pakistan Stock Exchange (PSX) is weeping itself over what it thinks the cruel total tax assessment on the nation’s corporate part, evolving because of the variety of the duties. The normal rate of duty in Asian district is 20.05 for each penny. Among other significant economies, imposition rate on corporates in Europe is a low 18.35pc, while the worldwide normal works out to 22.96pc. Contrast it to the duty administration on organizations in Pakistan.

Bank of Punjab

Bank of Punjab (BOC) Announces Annual General Meeting with Shareholders!

Posted by BankNews.Biz on 23/04/2018
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Category: Bank of Punjab

The announcement of financial results are being postponed by Bank of Punjab and holding of the Annual general meeting has been the highlight among industry stakeholders. 28th March marked the day when the application was filed by Punjab Bank for the extension of the Annual general meeting to the SECP. There is no update regarding this matter as of now. SECP has also granted 30 days extension to the bank according to the recent stock

MCB Bank, TCS Partners Join Hands for Jointly Beneficial Services!

Posted by BankNews.Biz on 23/04/2018
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Category: Muslim Commercial Bank
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MCB Bank Ltd, one of Pakistan’s Largest Private Sector Banks, has gone into a concurrence with one of the nation’s biggest co-ordinations administrations suppliers TCS Pvt. Ltd for commonly useful administrations. With the coordinated effort, MCB clients will access moderate occasion bundles to premium goals worldwide through TCS Intiana Travel and Tour Services. The MoV was marked by Mr. Nadeem Afzal, Group Head Customer Banking Group MCB Bank and Mr. Syed Shaukat Abbas Country Head