Category: Money & Banking

Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.

Habib Bank Announces Profit of Rs 15.04 Billion for Q1 2024

Karachi, April 23, 2024 – Habib Bank Limited (HBL), one of Pakistan’s premier banking institutions, has declared a substantial after-tax profit of Rs 15.04 billion for the first quarter of the calendar year 2024, marking a significant increase from Rs 13.26 billion reported in the same period last year.
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April 23, 2024
Dollar Climbs Slightly to Close at PKR 278.33 in Interbank Market

Karachi, April 17, 2024 – The US Dollar experienced a marginal increase against the Pakistani Rupee (PKR), closing at PKR 278.33 in the interbank foreign exchange market on Monday.
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April 22, 2024
Rupee Set to Remain Stable Against Dollar in Upcoming Week

The Pakistani Rupee is expected to maintain its steadiness against the US dollar in the week commencing April 22, 2024, buoyed by robust foreign exchange reserves and positive developments regarding a potential new loan program with the International Monetary Fund (IMF).
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April 21, 2024
Topline Survey Projects No Interest Rate Increase by SBP

Karachi, April 19, 2024 – A comprehensive survey conducted by Topline Securities Limited has dismissed any speculation regarding an increase in the benchmark policy rate by the State Bank of Pakistan (SBP) in the forthcoming monetary policy statement, shedding light on key market sentiments and expectations.
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April 19, 2024
Rupee Ends Four-Day Losing Streak, Gains PKR 0.13 to Dollar

Karachi, April 19, 2024 – After a prolonged downward trend, the Pakistani Rupee staged a notable recovery on Friday, ending its four-day losing streak by gaining PKR 0.13 against the US Dollar in the interbank foreign exchange market.
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April 19, 2024
President Hails Mohtasib for Providing Rs 1.26 Billion Relief

President Asif Ali Zardari has commended the Banking Mohtasib for its remarkable efforts in processing over 25,000 complaints and extending monetary relief amounting to Rs. 1.26 billion to banking customers during the year 2023.
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April 19, 2024
Dollar Strengthens for 4th Consecutive Day, Closes at PKR 278.44

Karachi, April 18, 2024 – The US Dollar continued its upward trajectory against the Pakistani Rupee (PKR) on Thursday, marking the fourth consecutive day of gains in the interbank foreign exchange market.
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April 18, 2024
Meezan Bank Reports Profit Growth of 64.46% in 1QCY24

Meezan Bank Limited, the largest Islamic bank in Pakistan, Thursday announced a staggering 64.46 percent surge in profit, reaching Rs 25.54 billion in the first quarter of calendar year 2024.
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April 18, 2024
Bank Deposits in Pakistan Cross Rs28 Trillion, Making New High

Karachi, April 18, 2024 – In a historic milestone for Pakistan’s financial landscape, bank deposits have soared to unprecedented levels, surpassing the Rs 28 trillion mark for the first time in history.
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April 18, 2024
Rupee Makes Third Consecutive Fall to Dollar; Ends PKR 278.40

Karachi, April 17, 2024 – The Pakistani Rupee (PKR) continued its downward trajectory against the US dollar on Wednesday, marking its third consecutive fall to end at PKR 278.40 at the interbank foreign exchange market.
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April 17, 2024