KARACHI: Government is set to launch $500 million in Islamic bonds to raise money for country’s foreign exchange reserves, a senior official said Wednesday.
Pakistan’s Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world’s number two economy.
DUBAI: Iran’s main goal in its nuclear talks with world powers was to secure access to the global financial system, and the United States must now do more to remove obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif said on Saturday.
KARACHI: Governor State Bank of Pakistan Ashraf Mahmood Wathra on Friday expressed his optimism that SAARCFINANCE can play a key role in promoting close relationship and building human capability in the economic and finance sectors amongst the countries, ARY News reports.
KARACHI: Pakistan on Saturday approved divesting all of its state-owned shares in top private bank HBL for $1.02 billion, in what officials said is the country’s largest-ever equity offering.
DUBAI: Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.
LONDON: Royal Bank of Scotland on Wednesday launched a new service for its RBS and NatWest customers enabling them to log on to the bank’s mobile application using their fingerprints, becoming the first British bank to do so.
NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.
PARIS: A cesspool of fraud and lies in the banking industry has come to light since the financial crisis of 2008, raising questions about how such rogue behaviour could have happened.
ISLAMABAD: A banking court has issued arrest warrants for Federal Information Minister Pervez Rashid for defaulting on loans worth millions of rupees, ARY News reported.