Banking sector

Earnings surge 51% on strong performance by banking, energy sectors

State Bank of Pakistan aims to support manufacturing, industrial sectors to further enhance their capacity

Allows central bank to endorse overseas investment of up to $10 million

Benchmark KSE-100 index rises 29.41 points to settle at 37,607.62

LHC seeks parliamentary probe into fuel crisis

SBP governor urges banks to focus on agricultural and SME financing

Advances show considerable growth of 12.6%, touching Rs5.70tr in FY16 compared to Rs5.06tr in previous year

Asset base increases 0.9% on quarter-on-quarter basis

Meeting held between banks’ association, tax authority ends inconclusive

Analyst says it will result in drop in unrealised capital gains in 2016

Major banks’ share of income from treasury dwarfs all other segments’ income

NBP president gets highest raise despite share price plunging 22%

Comes on back of rise in private-sector advances, investment in sovereign papers

Rise comes despite significant regulatory, tax policy changes introduced last year

Washington-based lender says amendments in SBP law constitute major step towards its independence

Prefer risk-free govt papers over extending credit to private sector

Pakistan pursues higher financial inclusion, but the will to help customers remains absent

Tameer CEO says country utilising NADRA’s database to good effect

The return on assets (ROA) (before tax) increased to 2.6% at the end of September from 2.2% a year ago

Amounts to 5.34% in October, banks countering by investing in government securities

Clocks up at 5.38% during September

Don’t blame banks for reduced private-sector credit, says Habib Metro CEO

Earnings growth in the third quarter of 2015 was 58% largely on the back of a 23% increase in net interest income

Says it is going to scale up footprint in retail banking in next six months

80% of total holding of banks, amounting to Rs 5.66 trillion, is in names of just one per cent of total depositors

Clocks up at just 2.81%, growth in advances remains slow

CAR remained strong at 17.2%, well above the local requirement of 10% and international benchmark of 8%

Public reduces reliance on cheques or pay orders; informal payment mechanisms gain momentum, data shows

Net income of five largest banks registered increase of 12%

Lending and deposit rates difference averaged 5.79% in the preceding month

Country to issue dollar-denominated bond in current fiscal year