islamabad The security deposits of the several candidates from major political parties have been confiscated because they have acquired less number of votes in the general elections than the desired electoral criteria.Generally, the trend has been witnessed that the candidates of even the major ...

KARACHI (PR) – Burj Bank has concluded 2012 as a turnaround year in terms of service delivery with the announcement of its annual financial results. The Bank started the year 2012 with a focus on delivering world class Shari’ah compliant banking services to its customers. In 2012, the ...

Reshma Rental power Company has deposited Rs 4.68 billion in the national treasury after supreme Court issued it a stern warning to pay back all the monies paid to it in advance with interest within 24 hours. According to a report submitted to the Court today by Director Finance of PEPCO the ...

LAHORE - The commercial banks deposits in the country have registered a growth of 9 percent during Jan-June 2011 to reach Rs5.6 trillion or $65 billion amid strong inflows of workers remittances and improving exports target. The growth has been witnessed after a gap of around three years and is ...

KARACHI - The deposits of the Development Finance Institutions (DFIs) dipped by 1.25 per cent to Rs17.4 billion during July-September 2010 from Rs16.4 billion in the first quarter (January-March) of the same calendar year. These deposits provide less than 15 percent of the total funds of DFIs. The ...

KARACHI - The banking industrys deposits have soared to Rs 4.7 trillion or $5.4 billion in the third quarter (July-September) of current calendar year, compared with the overall deposits of Rs 4.2 trillion in the same quarter of last year. The deposit base of the banking system registered a growth ...

KARACHI - Banks deposits sharply increased to Rs4.8 trillion during the second quarter (April-June) of the current calendar year. Banking industry deposits witnessed a healthy 8 per cent growth in 2Q2010 when compared to a lower growth of 2.3 per cent during the same quarter last year. Banks ...

KARACHI - The government deposits sharply increased to Rs80.3 billion during the first ten months (July-April) of current financial year, 2009-10, compared with Rs29.0 billion in the same period last year. Similarly, the deposits of the public sector enterprises (PSEs) during Jul-Apr FY10, swelled ...

KARACHI - The State Bank of Pakistan has decided to exempt time deposits of one-year tenor and above held by Microfinance Banks (MFBs) for maintenance of Cash Reserve Requirement (CRR), and time liabilities of one-year tenor and above for maintenance of Statutory Liquidity Requirement (SLR). ...

KARACHI - Allied Bank has reassured its customers that there was no reason for them to worry about their deposits and lockers, following a robbery at its Foreign Exchange Branch in Karachi on Sunday. Allied Bank follows robust security procedures and has full insurance coverage of its cash ...

KARACHI - The commercial and Islamic banks operating in Pakistan have reported an increase of Rs73 billion in their deposits in first quarter of 2009 as economic activity was growing gradually. The Islamic banks have reported an unimpressive increase of Rs 4 billion in their deposits while ...

KARACHI - During the current year, First Women Bank Ltd showed record growth in all financial key components. As of June 30, 2009 the total advances portfolio reached the highest position of Rs4.12 billion and Deposits have increased from Rs5.8 billion to Rs7.68 billion. Addressing the 20th Annual ...

KARACHI - The growth of deposits with the scheduled banks in the calendar year 2008 showed a huge decline of Rs 330 billion as against the growth of deposits in 2007. In 2008, the scheduled banks deposits reflected a growth of Rs236 billion as against the growth of Rs566 billion in 2007 over the ...

KARACHI - Saudi Pak Bank is creating a buzz over its recently launched "Salana Munafa" term deposit scheme. The scheme gives depositors 14.5 per cent return in just one year of investment of Rs 1 lakh or more. The market for term deposits is currently very competitive with almost all the big ...

KARACHI - In view of the current tight monetary scenario and liquidity crunch, the banks' deposits are likely to grow by 8 per cent for next 3 years (2008-10) amid slowdown in money supply growth and foreign inflows. The full year advances growth for 2008 is expected to range between 13 and 14% ...

KARACHI (APP) - State Bank of Pakistan has decided to introduce a minimum profit rate of 5 percent per annum on all categories of savings/ PLS saving deposits , including any other profit bearing deposit with no fixed maturity, to all existing and new depositors. The decision will be effective ...