ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Group Chief Executive Officer of Standard Chartered Bank Bill Winters, in London. The meeting underscored the strong and enduring partnership between the government of Pakistan and Standard Chartered Bank in advancing Pakistan’s economic development agenda. The minister expressed his deep appreciation for … Read more
ISLAMABAD: President Asif Ali Zardari on Wednesday called for financial autonomy of women and improving their access to financial services and credit to encourage women entrepreneurs. The president, talking to the Group Chief Executive of the Standard Chartered Bank (SCB) Bill Winters, who along with his delegation called on him, at Aiwan-e-Sadr, said that economic … Read more
KARACHI: The Standard Chartered Bank Pakistan Limited (SCBPL) has registered a record profit-before-tax of Rs50.1 billion, registering a growth of 102 per cent on a year-on-year basis, a statement said on Friday. The performance of the bank was driven by strong income growth, as well as continued cost and risk discipline. The overall revenue of … Read more
KARACHI: To celebrate the journey of women’s financial inclusion in Pakistan, the State Bank of Pakistan (SBP), in collaboration with Bank Alfalah, Standard Chartered Bank and the United Bank Limited, hosted an event titled “Asaan Digital Account: Breaking Barriers”, on March 7, 2022, a statement said. SBP Governor Dr Reza Baqir was the chief guest. … Read more
KARACHI: The Federal Board of Revenue (FBR) has frozen the bank accounts of a top banker for tax recovery of over Rs1 billion on the charges of concealing foreign assets, official sources said on Thursday. The Directorate of Automatic Exchange of Information (AEOI) Karachi has attached the bank accounts of Farooq Bengali, a former CEO … Read more
KARACHI: Bank financing for housing and construction sharply increased 85 per cent, or Rs163 billion, to Rs355 billion in the financial year 2021, the State Bank of Pakistan (SBP) reported on Thursday. The total outstanding credit of banks for housing and construction stood at Rs192 billion in the preceding year. Within the housing and construction … Read more
LAHORE: The China Green Finance Committee and the Beijing Institute of Finance and Sustainability arranged a seminar on “Financing climate actions: China initiatives and international cooperation” as a side event of the COP26 Finance Day, both online and in-person in Glasgow, UK, a statement said. State Bank of Pakistan former governor Yasin Anwer and representatives … Read more
