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, August 22, 2023 – BankIslami Pakistan Limited, a prominent player in Pakistan’s banking sector, has reported a remarkable surge in its profit after tax for the first half of 2023, marking a stunning growth of over 250 percent.
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Karachi, August 22, 2023 – The Pakistani Rupee (PKR) plunged to an unprecedented low against the US dollar today, reaching PKR 299 in intraday trading at the interbank market.
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Karachi, August 22, 2023 – The US dollar has strengthened its position against the Pakistani Rupee, surging to PKR 297.74 during midday interbank trading today.
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Karachi, August 21, 2023 – The Pakistani Rupee (PKR) experienced a sharp decline of PKR 1.35 against the US Dollar on Monday, edging closer to its historic low in interbank foreign exchange market.
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Karachi, August 21, 2023 – The State Bank of Pakistan (SBP) has officially declared the final deadline for resubmission of duty drawback claims, affecting both the textile and non-textile sectors.
(more…)Karachi, August 20, 2023 – The Pakistani Rupee (PKR) faced mounting pressure against the US dollar during midday trading on Monday, with the rupee weakening by 47 paisas to reach PKR 296.25 against the dollar in interbank trading.
(more…)Karachi, August 20, 2023 – The Pakistani Rupee (PKR) is anticipated to encounter mounting pressure against the US dollar in the upcoming week commencing on August 21, 2023.
(more…)Karachi, August 18, 2023 – In a concerning development, the Pakistani Rupee (PKR) experienced a significant drop against the US Dollar, reaching a worrisome level of PKR 295.78.
(more…)Karachi, August 17, 2023 – The Pakistani Rupee (PKR) demonstrated resilience against the US Dollar by ending at PKR 294.92 in the interbank foreign exchange market on Thursday.
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Karachi, August 17, 2023 – In a remarkable display of financial prowess, Allied Bank Limited (ABL) has reported an astounding 158 percent increase in profit after tax for the first half of the year ending June 30, 2023.
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