JERUSALEM: The European Union has postponed plans to introduce separate labelling for products from Israeli settlements in the occupied West Bank, Israel’s Haaretz newspaper reported on Sunday. Citing European diplomats and Israeli officials it did not identify, the paper reported that ...

LONDON - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain’s finance ministry says.Before a referendum due in September 2014 on whether Scotland should split from the United Kingdom, the British ...

KARACHI (PR): Warid Telecom has signed a Memorandum of Understanding with Monet and Meezan Bank for rollout of the Warid Telecom Payment Gatewayfor Meezan Bank’s branchless banking services, with Monet as the technology partner for the venture. Through this memorandum, Warid Telecom and Bank ...

LONDON : The Bank of England forecast on Wednesday that British economy would grow faster than expected in the coming months, but stressed the weak nature of the recovery.Growth in GDP was expected to strengthen to about 0.5 percent in the second quarter of 2013, but the recovery would be uneven, ...

LONDON - The Bank of England on Thursday voted to keep its main lending rate at its record-low level of 0.50 percent, deciding against mirroring a number of central banks who have cut borrowing costs in the past week. The BoE also opted against pumping out more new stimulus cash to boost economic ...

jerusalemIsraeli Prime Minister Benjamin Netanyahu has ordered a freeze on tenders for new West Bank settler homes, a report said Tuesday, with a rights group confirming not a single tender has been issued in months.The decision was taken in a bid to avoid hampering US efforts to renew peace talks ...

KARACHI : Meezan Bank Ltd has recorded 9pc growth in its profit-after-tax of 1st quarter ended 31st March 2013 which increased to Rs.982m compared to Rs. 903m earned in the corresponding period of 2012.  The Earnings per Share of the Bank increased to Rs. 0.98 (March 2012: Rs.0.90) on the ...

karachi - Bandits looted Rs53.5 million from a local bank here in the remits of New Town police station on Tuesday. Police said the robbery took place at 7:15pm when the staffers were ready to go home. The bank was located at Chandni Chowk, Old Sabzi Mandi area within the limits of New Town police ...

karachi - Bandits looted Rs53.5 million from a local bank here in the remits of New Town police station on Tuesday. Police said the robbery took place at 7:15pm when the staffers were ready to go home. The bank was located at Chandni Chowk, Old Sabzi Mandi area within the limits of New Town police ...

karachi - The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on 1st May, 2013 (Wednesday) being public holiday declared by the Government of Pakistan on the occasion of Labour Day.

LAHORE  : MCB Bank (MCB) announced its 1Q2013 result on Monday. The result came well above expectation of Rs4.95 per share on account of reversal in provisions against bad loans of Rs811m which boosted the bottom line. The bank posted a PAT of Rs5.8b (EPS: Rs5.70) up 4pc YoY. The bank also ...

LAHORE (PR): The Board of Directors of Samba Bank Limited (SBL), in its recently held meeting, announced the appointment of Dr. Shujaat Nadeem as the new Chairman of the Board of SBL. In addition, SBL Board has been further strengthened with the appointment of two newly-elected directors namely, ...

ISLAMABAD : A delegation from Afghan International Bank on Wednesday visited ISE.The delegation apprized that although money market was functioning under the umbrella of Afghan Central Bank, however, the country has yet to have a stock market as well as securities regulator. The participants were ...

KARACHI (PR): NIB Bank, one of the fastest growing banks in Pakistan, and global payments and technology company MasterCard have announced a collaboration which will see NIB Bank become the first bank in Pakistan to offer the MasterCard Internet Gateway Service (MiGS). Now, NIB Bank merchants will ...

SEOUL  - Dealing with monetary policy and interest rates is the Bank of Korea’s main role, but in May it will start hosting weddings - in an auditorium hung with the portraits of former central bank governors.Employees from the Bank of Korea will be allowed to get married inside the ...

BURIN (AFP) - Palestinians and activists were on Saturday forcefully removed from a new camp near a West Bank village, after a third attempt at the novel form of protest against Jewish settlement.An AFP correspondent said the army used tear gas and violence to remove hundreds of people who had set ...

An inquiry into the theft of some $900 million which led to the near-collapse of Afghanistan's largest bank has found there was high-level political interference over who should face prosecution."Information received during the inquiry indicates that the final decision about who to indict was made ...

Rival factions have agreed on ceasefire in Kurram Agency on Saturday. According to sources of political administration, Toori and Bangash tribes, fighting against each other, have agreed on ceasefire and have signed an agreement in this regard. This may be recalled that the fighting among the ...

President Asif Ali Zardari said Friday that territorial violations by the allied forces would strengthen extremists' forces in the country. In an article written in US daily, President Zardari said that we will have to fight together against the terrorism. He said Pakistan would not allow the ...