Headline inflation in Pakistan is set to reach a historic high of 36.5% in April 2023, according to analysts at Arif Habib Limited on Friday.
(more…)Author: Faisal Shahnawaz
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Karachi Interbank Offered Rates KIBOR – April 28, 2023
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on April 28, 2023.
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State Bank clarifies Rs75 banknote is not being withdrawn
KARACHI: State Bank of Pakistan (SBP) has issued a clarification regarding Rs75 banknote after some reports suggested that this currency note is going to withdrawn.
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United Bank posts highest-ever quarterly profit in 1QCY23
United Bank Limited (UBL) has reported the highest-ever quarterly profit in the first quarter of 2023, with consolidated earnings of Rs11.62 per share, up 53 percent year on year and 9 percent quarter on quarter.
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PKR makes gain against dollar amid easing political tension
In a recent development, the Pakistani Rupee (PKR) has gained against the US dollar by eight paisas, following a reduction in political tensions in the country.
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SBP’s weighted average customer exchange rates on April 28, 2023
KARACHI: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for April 28, 2023.
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FBR imposes additional tax liability on Meezan Bank
KARACHI: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.
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Latest prices of KIA Sportage trims in Pakistan
Following are the latest prices of KIA Sportage trims in Pakistan. The previous revision was recorded on March 24, 2023 by Lucky Motor Corporation (LMC) with no subsequent changes up to date.
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SBP imposes Rs14.61 million monetary penalty on National Bank
The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs14.61 million on the National Bank of Pakistan (NBP) for violating various regulatory provisions during the first quarter of the calendar year 2023.
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Restrictions in Pakistan cause 82% plunge in profit, dividend repatriation by MNCs
The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
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