HBL Anticipates Policy Rate Cut to 17% by Year-End
Karachi, Pakistan – March 6, 2024 – Habib Bank Limited (HBL) expects the benchmark interest rate in Pakistan to be reduced to 17% by the end of 2024.
Karachi, Pakistan – March 6, 2024 – Habib Bank Limited (HBL) expects the benchmark interest rate in Pakistan to be reduced to 17% by the end of 2024.
Karachi, March 6, 2024 – Standard Chartered Bank Pakistan Limited has recently disclosed that it paid a substantial penalty of Rs 143 million due to regulatory violations, as per a report released by the financial institution.
Karachi, March 6, 2024 – On Wednesday, the Pakistani Rupee experienced a decline, reaching PKR 279.35 against the US Dollar in the interbank foreign exchange market.
Karachi, March 5, 2024 – The Pakistani Rupee experienced a mild depreciation against the US dollar, settling at PKR 279.31 in the interbank foreign exchange market on Tuesday.
Karachi, March 4, 2024 – The US Dollar witnessed a modest appreciation of PKR 0.07 against the Pakistani Rupee on Monday, closing at PKR 279.26 in the interbank foreign exchange market.
Karachi, March 1, 2024 – The Pakistani Rupee (PKR) experienced a dip, closing the week at PKR 279.19 against the US dollar on Friday.
Karachi, March 1, 2024 – The State Bank of Pakistan (SBP) is set to launch the inaugural Pakistan Financial Literacy Week (PFLW) 2024, commencing on March 4, 2024. Governor Jameel Ahmad will officiate the event at an inaugural ceremony hosted at the SBP Karachi.
Karachi, February 29, 2024 – The Pakistani Rupee (PKR) closed firmer at PKR 279.11 against the US Dollar in the interbank foreign exchange market on Thursday, marking a gain of PKR 0.01 from the previous day’s closing at PKR 279.12.
Karachi, February 28, 2024 – Bank Alfalah, one of Pakistan’s prominent banking institutions, has set aside a substantial sum of Rs 3.6 billion as a precautionary measure in anticipation of potential windfall tax payments.
Karachi, February 28, 2024 – In a recent corporate briefing, MCB Bank has set its sights on a potential reduction of up to 3 percent in the existing policy rate of 22 percent during the current calendar year, according to insights provided by analysts at Arif Habib Limited.