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PM ordered to arrange Rs40 billion petrol

Malala Yousafzai will receive the International Children's Peace Prize on 6 September.Malala Yousafzai was targeted as she travelled to school in Read More »

National Bank Announces Six Month Accounts

The Board of Directors of National Bank of Pakistan (NBP) in their meeting held on August 22, 2013 at the Head Office, Karachi approved the Financial Statements of the Bank for the six months period ended June 30, 2013. Read More »

FLAG HOISTING CEREMONY AT THE NBP HEAD OFFICE

Karachi: In commemoration of Pakistan Independence Day, a flag hoisting ceremony was held at 3rd floor, NBP Head Office Building in consonance with playing of National Anthem and flag hoisting at Islamabad/throughout the country. NBP executives and employees prayed for the country and countrymen. NBP Building was illuminated for last few days on the occasion of Independence Day. Dr. Asif ... Read More »

Siraj-ul-Haq asks to promote interest-free banking

Senior Minister Sirajul Haq asked the Bank of Khyber (BoK) officials to work for the promotion of interest-free Islamic banking system.Speaking to separate delegations of the BoK, who called on him in Peshawar and apprised him of their problems, Sirajul Haq assured the officials of necessary steps to strengthen the bank, which would play a pivotal role in prosperity of ... Read More »

Dubai Crown Prince launched Islamic Finance Centre

The move is in line with the ambitious vision and directives of the wise leadership.The centre was launched in cooperation between the initiative of Dubai the world’s Islamic economy capital and the Hamdan Bin Mohammad e-University.The centre will offer academic programmes for students who will be able to study for a master's and foundation certificates in Islamic banking and finance through the centre, which will be part of the Hamdan Bin Mohammad e-University. Read More »

Mass Media Campaign for Islamic Finance

The country's Islamic banking industry includes five fully-fledged Islamic banks and five takaful (Islamic insurance) firms, with an additional 12 conventional banks offering services through Islamic windows.Anwar added the central bank is also at an “advanced stage” of issuing a detailed Sharia governance framework, which would outline roles for directors, management and Sharia boards.Earlier this week, the central bank adopted a global standard for Islamic bonds, which could help issuers attract investors from the Gulf and elsewhere. Read More »

JCR-VIS reaffirms NBP AAA/A-1+ rating

Majority ownership of the bank rests with the Government of Pakistan (GoP) in addition to which security of deposits is also guaranteed under the Banks’ Nationalization Act. Moreover, NBP handles treasury transactions for the GoP as an agent to the State Bank of Pakistan. Alongside corporate exposures, the bank’s consumer portfolio Read More »

Saudi banking assets rise to $ 462 billion

The GCC banking sector continues to remain robust with assets increasing by 11 percent in 2012 to $1.47 trillion. Higher energy prices and increased hydrocarbons production have provided for large public spending programs, which, coupled with a pick up in construction and real estate activities, have driven growth in credit facilities. This has resulted in overall asset gains, according to ... Read More »

World Bank approves $400 million for supporting education in Sindh

ISLAMABAD: The World Bank has approved a package of assistance worth US$400 million to support the Second Sindh Education Sector Reform Program (SERP II). The program will support Sindh Governments efforts to increase school participation and measure student achievement by improving sector governance and accountability and strengthening administrative systems. Improving school participation is a priority Read More »

Bank Alfalah’s 5th TFC listed at KSE

The Karachi Stock Exchange (KSE) has approved the application of the formal listing and quotation of Bank Alfalah Limited’s 5th issue of its rated, listed, unsecured and The Karachi Stock Exchange (KSE) has approved the application of the formal listing and quotation of Bank Alfalah Limited’s 5th issue of its rated, listed, unsecured and subordinated term finance certificates (TFCs), upon ... Read More »