Category Archives: Financial Services

Jubilee General Insurance Company Limited’s financial results for the year ended December 31, 2011 issue of bonus shares

Karachi: Further to our letter dated February 14, 2012, on the above subject. We are enclosing herewith a Certified True Copy of Free Reserve Certificate as at December 31, 2011 [...]

Best way to use finance is to promote well‐being of the poor: Professor Banerjee


Karachi: Dr. Abhijit Vinayak Banerjee, Professor of Economics at Massachusetts Institute of Technology (MIT) has said the best way to use finance is to promote the well‐being of the poor [...]

Bilateral Currency Swap Arrangement signed between the central banks of Pakistan and China


Islamabad: A landmark bilateral Currency Swap Arrangement (CSA) has been signed between State Bank of Pakistan (SBP) and the People’s Bank of China (PBC) in a ceremony held on 23 [...]

Finance Minister chairs 7th meeting of Tax Reforms Core Group at FBR


Islamabad: The seventh meeting of the Tax Reforms Core Group (TRCG) was held in the Board Room of FBR Headquarters under the chairmanship of Federal Minister for Finance Dr. Abdul [...]

State Bank directs banks to exchange Rs. 5 banknote till 31st December, 2012


Karachi: The State Bank of Pakistan (SBP) has directed all commercial banks and the field offices of SBP Banking Services Corporation (SBP BSC) operating throughout the country to exchange the [...]

IFC Launches Alternative Dispute Resolution Project in Lahore


Lahore: IFC, private sector arm of the World Bank Group, has launched an Alternative Dispute Resolution (ADR) Project in Lahore. IFC had previously supported the setting up of Karachi Centre [...]

Governor State Bank stresses the need for development of debt market to spur economic growth


Karachi: ‘Pakistan’s economy and the financial sector are now at a stage where they can support and benefit from a vibrant and efficient debt market. The size of private debt, [...]

National Bank of Pakistan Successfully Meets 1000 Online Branches Target Qamar Hussain, President: National Bank of Pakistan


Karachi: In a major achievement, National Bank of Pakistan has converted its 1000 branches online out of its countrywide network of 1270 branches. In a short span of eight months [...]