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 10, 2023 – Meezan Bank Limited (MEBL), the leading Islamic bank in Pakistan, has reported a remarkable 93 percent increase in after-tax profit for the first half of the year ending on June 30, 2023.
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Karachi, August 9, 2023 – The Pakistani Rupee (PKR) made a recovery of 45 paisas against the US Dollar, closing at PKR 287.46 in the interbank foreign exchange market on Wednesday.
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Karachi, August 9, 2023 – Financial institutions in Pakistan have disbursed a record-breaking Rs 1.78 trillion in agricultural financing during the fiscal year 2022-2023 (FY23). This amount represents an impressive growth of over 25% compared to the Rs 1.41 trillion disbursed in the previous fiscal year, FY22.
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Karachi, August 9, 2023 – Deposits in commercial banks in Pakistan have reached an all-time high of Rs25.70 trillion by the end of July 2023, driven by the country’s highest interest rates.
(more…)Karachi, August 8, 2023 – The Pakistan Stock Exchange (PSX) has taken notice of an unusual movement in the share price of Meezan Bank Limited (MEBL) and subsequently issued a notice to the bank.
(more…)Karachi, August 8, 2023 – The Pakistani Rupee (PKR) faced a decline of 48 paisas against the US dollar, closing at PKR 287.91 in the interbank foreign exchange market.
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Karachi, August 7, 2023 – On August 14, 2023, there will be a special holiday for all banks in Pakistan. The holiday is to celebrate Independence Day, which is an important day for the country.
(more…)On August 7, 2023, the Pakistani Rupee (PKR) lost value compared to the US dollar. It went down by 46 paisas in the interbank foreign exchange market, ending at PKR 287.43 to the dollar.
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Islamabad, August 4, 2023 – President Dr. Arif Alvi has taken a significant step to protect banking customers and combat online fraud in Pakistan.
(more…)Karachi, August 4, 2023 – The Pakistani Rupee (PKR) continued its upward trajectory against the US dollar, reaching PKR 286.97 at the close of the trading session in the interbank foreign exchange market on Friday.
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