Rupee gains three paisas amid demand for import payment

KARACHI: The Pak Rupee gained three paisas against dollar on Tuesday amid demand for import and corporate payments. Read more »

Asset quality of banking sector weakens on rising NPLs: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the asset quality of banking sector weakened owing to Rs88.3 billion or 13 percent increase in Non-Performing Loans (NPLs). Read more »

SBP directs banks to ensure employment quota for disable persons

KARACHI: State Bank of Pakistan (SBP) on Monday directed banks to ensure compliance related to employment quota for persons with disabilities. Read more »

Rupee ends stable despite higher dollar demand

KARACHI: The Pak Rupee ended stable against dollar on Monday despite higher demand for import and corporate payments. Read more »

Bank Alfalah declares Rs9.24 billion net profit for period ended Sept 30

KARACHI: Bank Alfalah Limited has declared net profit of Rs9.24 billion for the period ended September 30, 2019 as compared with Rs8.63 billion in the same period of last year, depicting an... Read more »

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 »