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, October 25, 2023 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has reported a staggering 126 percent year-on-year (YoY) profit growth in the third quarter of 2023, ending on September 30.
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Karachi, October 25, 2023 – The National Bank of Pakistan (NBP) has reported a remarkable after-tax profit of PKR 12.3 billion for the third quarter of 2023, demonstrating an astonishing 76% year-on-year (YoY) increase.
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KARACHI, October 25, 2023 – The State Bank of Pakistan (SBP) has recently made updates to the list of eligible audit firms for conducting audits of banks and financial institutions.
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Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.
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Karachi, October 24, 2023 – The Pakistani Rupee faced its second consecutive fall against the US dollar on Tuesday, highlighting mounting pressure on the nation’s import payments.
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Karachi, October 24, 2023 – BankIslami Pakistan Limited has reported a staggering 196% increase in profit growth during the first nine months of the calendar year 2023.
(more…)Karachi, October 23, 2023 – In a significant move aimed at boosting the country’s information technology sector, Pakistan announced the removal of restrictions on foreign payments made by the IT industry.
(more…)Karachi, October 23, 2023 – The Pakistani Rupee (PKR) faced a mild setback on Monday, as it eased to PKR 279.12 against the US Dollar due to heightened demand for the greenback at the commencement of the week.
(more…)Karachi, October 23, 2023 – The State Bank of Pakistan (SBP) has introduced a significant initiative to support the growing community of freelancers in the country by launching the Exporters’ Special Foreign Currency Account (ESFCA).
(more…)Karachi, October 20, 2023 – The majority of respondents in a recent survey have expressed their belief that the State Bank of Pakistan (SBP) is likely to keep its benchmark policy rate unchanged at 22 percent in its next review.
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