Rupee ends down by two paisas

KARACHI: The Pak Rupee ended down by two paisas against dollar on Friday due to high demand for import payments. Read more »

Rupee gains 13 paisas against dollar as SBP issues anti-money laundering framework

KARACHI: The Pak Rupee gained 13 paisas against dollar on Thursday owing to guidelines issued by the central bank to prevent trade based money laundering. Read more »

Rupee gains 11 paisas against dollar in early trade

KARACHI: The Pak Rupee gained 11 paisas against dollar in early trade on Thursday owing to guidelines issued by the central bank to prevent trade based money laundering. Read more »

UBL posts 48 percent increase in after tax profit

KARACHI: United Bank Limited (UBL) has announced 48 percent increase in after tax profit to Rs14.4 billion in nine-month period ended September 30, 2019. Read more »

Rupee gains four paisas on improved economic sentiments

KARACHI: The Pak Rupee gained four paisas against dollar on Wednesday owing to inflows of export receipts and improved economic sentiments. Read more »

SBP directs banks to verify trade price before approving import, export forms

KARACHI: State Bank of Pakistan (SBP) has directed banks, exchange companies to verify trade prices before approving import or exports forms. Read more »

Open account, advance payments considered as higher risk transactions for trade based money laundering

KARACHI: State Bank of Pakistan (SBP) has advised financial institutions dealing foreign exchange to enhance due diligence on higher risk transactions to stop trade based money laundering. Read more »

Rupee gains on SBP anti-money laundering framework

KARACHI: The Pak Rupee gained two paisas against dollar on Tuesday as State Bank of Pakistan (SBP) issued a framework for banks to take action against trade based money laundering and terror... Read more »

SBP issues framework for controlling trade based money laundering, terror financing

KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued framework for controlling trade based money laundering and terror financing. Read more »

Rupee ends firmer in interbank

KARACHI: The Pak Rupee ended firmer against dollar on Monday owing to lackluster demand after significant decline in trade deficit and current account deficit of the country. Read more »

MoneyGram, BankAlfalah sign contract to send money to any bank account in Pakistan

ISLAMABAD: MoneyGram and BankAlfalah signed an agreement to create a new bank deposit, which will allow customers to send money to any bank account in Pakistan. Read more »

Ufone, Habib Bank sign agreement for trade financing in Chinese currency

KARACHI: Pak Telecom Mobile Limited – Ufone and Habib Bank Limited (HBL) have signed a landmark agreement, through which HBL has extended a bilateral Trade Finance in Chinese Yuan (RMB/CNY) for the... Read more »