Tag Archives: Bank

  The liquidity coverage ratios (LCRs) of Islamic banks in key Asian countries including Pakistan and GCC countries highlight sound liquidity profiles and broad compliance with Basel-III regulatory requirements. However, banks with a greater proportion of retail deposits that are considered more ‘sticky’, typically display stronger LCRs,” said Simon Chen, a Moody’s Vice President and Senior Analyst. In Asia, the retail funding of Islamic banks is constrained by their small …

  Pakistan’s housing crisis is well known. The country requires about ten million homes. Migration from rural areas to urban areas has resulted in an urban growth, which has been about three times faster. According to sources, Pakistan’s urban population stands at 75 million or 39 percent of total population, and population experts believe that it will rise to 114 million by 2025. The lack of funding is the biggest …

  Posts strong financial results for first quarter of 2016 Habib Bank Limited (HBL) has recently achieved a landmark in the banking history by becoming the first Pakistani bank to receive a license for opening a branch in Urumqi in Western China. The Bank expects that the branch will be operational by the end of the year and will further cement links with China. With ample liquidity and a sound …

  After persistent decline in the country’s exports, the foreign remittances are now intend to be a major source of forex earning for the country. Efforts are underway at different levels to produce trained human resource, can serve abroad and earn precious forex for the country. In this regard, TEVTA, NAVTEC and other training institutions are playing lead role. Overseas Pakistani workers remitted $12,714.57 million in the first eight months …

  Auto financing set to grow up after the positive outlook of economy The main advantage of low interest rates is their growth effect on economic activity. By reducing interest rates, the Central Bank helped increase business spending on capital goods. The reduction also helps economy’s long-term performance and increase household expenditures on homes/consumer durables. Low interest rates raise asset prices. People use excess balances to increase their purchases of …

  Interview with Mr Sirajuddin Aziz — CEO & President HabibMetro Bank Country faces shortage of 8-10 million new housing units PROFILE Sirajuddin Aziz is a professionally qualified and experienced banker who has worked for different organizations in Pakistan, China, Hong Kong, UK, Nigeria and UAE. He is currently the President & Chief Executive Officer at HabibMetro Bank. Prior to this, he has served as the Chief Executive Officer of …

  Islamic banking and finance has become a flourishing business with assets estimated at value of over US$180.0 billion. It is spreading from UK, USA and Switzerland to the Middle East and Asia. Both Muslims and non-Muslims are using extensively the facilities being provided by Islamic banking and finance. Malaysia and Pakistan are well known for its Islamic banking and finance system. Both being the Muslim countries, the Islamic financial …

  Standard Chartered Bank Pakistan Limited (SCBPL) is the oldest and largest global bank in Pakistan. STANDARD CHARTERED BANK IN PAKISTAN STOCK EXCHANGE (Rs) Date LDCP Open rate Closing rate Turnover 1-Jan-16 21.9 22.49 22.49 3,500 4-Jan-16 22.49 21.75 21.41 31,000 5-Jan-16 21.41 21.88 21.7 1,000 6-Jan-16 21.7 21.5 21.36 3,000 7-Jan-16 21.36 21.83 21.7 3,000 8-Jan-16 21.7 21.69 21.7 1,500 11-Jan-16 21.7 20.8 20.94 1,500 12-Jan-16 20.94 21 21 …

  Educating people about multiple benefits of investing in mutual funds is crucially important Interview with Mr. Umber Tanya Ansari – Head of Marketing, UBL Fund Managers Profile Umber Tanya Ansari, have her passion to take initiatives and strategies especially to educate the masses and meet ever-increasing challenges faced by Funds Management industry, Prior to her responsibility as the Head of Marketing UBL Fund Managers, Umber was Regional Head of …

  Meezan Bank has now emerged as country’s premier Islamic bank When the present PML-N government took over in 2013, the share of Islamic banking in the country was about 9 percent, which is fast approaching about 13 percent, primarily because of the proactive approach of the Ministry of Finance and the State Bank of Pakistan. Meezan Bank, the recipient of the Shariah Authenticity Award has now emerged as a …