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Updates

Banks focus on Consumer Finance

CONSUMER financing has seen a surge in the last two fiscal years primarily due to a big jump in auto loans and to some extent in mortgage finance. Banks had made net consumer financing of Rs31.2bn... Read More

Reduction of mark-up : Bank financing gives impetus to car sales

The banks have increased financing of the automobile sector after reduction of mark-up rates, which has contributed to pick up cars sales in the country. According to the industry officials, car... Read More

Regulations for security of internet banking

The SBP has issued regulations for security of internet banking, which will be effective April 1, 2016. It has taken this action in view of increasing usage of internet banking, and to protect and... Read More

SBP cuts interest rate to 7%, lowest in 42 years

“The discount rate has been lowered to 7% from 8%,” State Bank Governor Ashraf Mahmood Wathra said during a press conference in Islamabad on Saturday. The discount rate is at its lowest since... Read More

SBP Chief asks Banks to treat Consumers fairly

KARACHI: Financial institutions must ensure that their consumers are treated fairly, the State Bank’s governor said on Monday, emphasising that increase in consumer protection eventually promotes... Read More

Bank Borrowing Down 2.84pc

Borrowings by all scheduled banks fell 2.54pc to Rs1,185.063bn in the week ending January 2, against the prior week’s level of Rs1,215.962bn. When compared with last year’s corresponding... Read More

Islamic Banks post Rs 9.4 Bn profit

Pakistan’s Islamic banking industry posted a profit of Rs 9.4 billion ($94 million) in July-September 2014, a substantial rise compared to Rs 5.6 billion during the same quarter of 2013, reported... Read More

Banks credit growth at six-year’s high

(July 16th, 2014): After a gap of six years, advances of Pakistan scheduled banks grew by 10.8 percent in FY14 to reach Rs 4.3 trillion compared to 3.4 percent in FY13. According to a research report... Read More

DIBL, TCF sign marketing alliance

(July 16th, 2014): Dubai Islamic Bank Pakistan Limited (DIBPL) and The Citizens Foundation (TCF) have signed a marketing alliance to promote each other's respective noble causes for community service... Read More

Pacra maintains Bank Al-Habib’s ratings

(July 17th, 2014): The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank AL Habib Limited (BAHL) at "AA+" (Double A Plus) and "A1+" (A One Plus),... Read More

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