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 21, 2024 – In a move signaling the third consecutive downward revision in the last two months, Pakistan has announced a reduction in profit rates on various savings schemes.
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Karachi, February 21, 2024 – United Bank Limited (UBL) has reported a staggering 75 percent growth in profit after tax for the calendar year 2023, positioning itself as a leading dividend payer in the banking sector.
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Karachi, February 21, 2024 – In a positive turn of events, the Pakistani Rupee (PKR) demonstrated resilience on Wednesday by appreciating by PKR 0.07 against the US Dollar at the closing of the interbank foreign exchange market.
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Karachi, February 20, 2024 – The Pakistani Rupee (PKR) experienced a decline of PKR 0.21 against the US dollar on Tuesday, reflecting demand pressure for foreign payments.
(more…)Karachi, February 19, 2024 – The Pakistani Rupee (PKR) concluded trading at a stable rate of PKR 279.36 against the US dollar in the interbank foreign exchange market on Monday.
(more…)Karachi, February 18, 2024 – The Pakistani Rupee (PKR) is expected to encounter increased pressure against the US dollar in the coming week, starting February 19, 2024, as the country grapples with heightened political turmoil.
(more…)Karachi, February 16, 2024 – The Pakistani Rupee (PKR) closed the week on a stable note, standing at PKR 279.36 against the US Dollar in the interbank foreign exchange market on Friday.
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KARACHI, February 16, 2024 – Meezan Bank (MEBL) has set a new milestone by announcing its highest-ever quarterly earnings, reporting a robust profit of Rs 26.4 billion, with Earnings Per Share (EPS) standing at Rs 14.8.
(more…)Karachi, February 15, 2024 – The Pakistani Rupee (PKR) experienced a dip to PKR 279.38 against the US dollar on Thursday, a decrease of PKR 0.06 from the previous day’s closing of PKR 279.32 in the interbank foreign exchange market.
(more…)Karachi, February 14, 2024 – The Pakistani Rupee (PKR) concluded on a firmer note at PKR 279.32 against the US dollar in the interbank foreign exchange market on Wednesday, slightly up from the previous day’s closing rate of PKR 279.31.
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