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.
Karachi, April 27, 2024 – In an impressive financial surge, BankIslami Pakistan Limited announced a stellar 80 percent year-on-year growth in its profits for the first quarter of 2024.
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Karachi, April 25, 2024 – In a slight shift in the forex market, the US dollar edged higher against the Pakistani Rupee, closing at PKR 278.48 in the interbank exchange on Thursday.
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MCB Bank Limited (MCB) has announced a substantial profit before tax (PBT) of Rs 32.5 billion for the first quarter ending March 31, 2024, marking a significant 41% increase from the previous year.
(more…)Karachi, April 24, 2024 – The Pakistani Rupee slightly weakened, closing at PKR 278.40 against the US dollar in the interbank foreign exchange market on Wednesday. This represents a marginal decline from Tuesday’s close of PKR 278.38.
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KARACHI: Allied Bank Limited (ABL) has announced a substantial 51% increase in its after-tax profit for the first quarter ended March 31, 2024, reaching Rs 11.6 billion.
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KARACHI: Bank Alfalah Limited, one of Pakistan’s prominent financial institutions, announced a slight downturn in its profits for the first quarter ended March 31, 2024, on Wednesday.
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In a striking development for Pakistan’s economy, government borrowing has hit an unprecedented high of Rs 5.301 trillion for the fiscal period from July 1, 2023, to April 12, 2024.
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Karachi, April 23, 2024 – The Pakistani Rupee (PKR) witnessed a slight depreciation against the US Dollar, ending Tuesday at PKR 278.38 in the interbank foreign exchange market, a marginal drop of PKR 0.05 from the previous day’s close of PKR 278.33.
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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.
(more…)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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