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 23, 2024 – Standard Chartered Bank (Pakistan) Limited (SCBL) has reported an extraordinary 115 percent surge in net profit for the calendar year 2023, according to its financial statement for the year ending December 31, 2023.
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Karachi, February 23, 2024 – The State Bank of Pakistan (SBP) announced on Friday a significant move to facilitate exporters by liberalizing the utilization of foreign currency under its ease of doing business initiatives.
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Karachi, February 23, 2024 – The Pakistani Rupee (PKR) experienced a decline against the US dollar on Friday, slipping by PKR 0.03 in the interbank foreign exchange market.
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Karachi, February 23, 2024 – In a remarkable financial performance, Habib Bank Limited (HBL) has reported an impressive 84 percent growth in its annual profit for the calendar year 2023.
(more…)Karachi, February 22, 2024 – In a welcome development for the Pakistani economy, the Pakistani Rupee (PKR) gained ground against the US dollar on Thursday, marking a rise of PKR 0.17.
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Karachi, February 22, 2024 – The National Bank of Pakistan (NBP) has reported an impressive 70 percent growth in profit after tax for the calendar year 2023.
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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.
(more…)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.
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