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, February 4, 2024 – As Pakistan gears up for general elections scheduled for February 8, 2024, financial analysts predict that the Pakistani Rupee (PKR) is likely to maintain its stability against the US dollar in the coming week.
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Islamabad, February 3, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step towards the comprehensive adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards by inviting public comments on its new strategy.
(more…)Karachi, February 2, 2024 – The Pakistani Rupee (PKR) exhibited a nominal gain on Friday, closing at PKR 279.41 against the US dollar in the interbank foreign exchange market.
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Karachi, February 2, 2024 – The State Bank of Pakistan (SBP) has imposed a regulatory penalty of Rs 82.74 million on Meezan Bank Limited, citing violations of regulatory instructions for the quarters ended June 2023 and December 2023.
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Karachi, February 1, 2024 – The Pakistani Rupee (PKR) displayed remarkable stability against the US dollar in the interbank foreign exchange market, closing at PKR 278.48 on Thursday.
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Karachi, February 1, 2024 – Bank Alfalah, a leading financial institution, announced an impressive 98% surge in annual profit after tax on Thursday.
(more…)Karachi, January 31, 2024 – The Pakistani Rupee (PKR) concluded Wednesday on a stronger note against the dollar, closing at PKR 279.50 in the interbank foreign exchange market.
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Karachi, January 31, 2024 – In a remarkable financial achievement, Bank Al Habib Limited announced an impressive growth of 116 percent in its profit after tax for the year 2023.
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State Bank of Pakistan (SBP) has announced an exciting opportunity for artists with a generous Rs1,000,000 Grand Prize in its Art Competition for the upcoming New Banknote Series.
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Karachi, January 31, 2024 – The State Bank of Pakistan (SBP) has taken stern action against United Bank Limited (UBL), imposing a regulatory penalty amounting to Rs 140.69 million for alleged violations of regulatory instructions throughout the calendar year 2023.
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