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: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.
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The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs14.61 million on the National Bank of Pakistan (NBP) for violating various regulatory provisions during the first quarter of the calendar year 2023.
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The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
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Foreign investors are urging Pakistan to adopt cryptocurrencies and develop a national strategy to promote their use, according to a report released on April 27, 2023 by the Overseas Investors Chamber of Commerce and Industry (OICCI).
(more…)National Bank of Pakistan (NBP) Thursday disclosed its deposit base up to March 31, 2023, which showed a significant increase in total deposits compared to the previous quarter.
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MCB Bank has shown impressive growth in first quarter of calendar year 2023 and posted 46 percent rise in profit after tax.
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Habib Bank Limited (HBL), one of the largest banks in Pakistan, reported a strong financial performance for the first quarter ending March 31, 2023.
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KARACHI: The State Bank of Pakistan (SBP) has announced that all banks in the country will remain closed on May 01, 2023, in observance of Labor Day.
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The Pakistani Rupee (PKR) continues to face challenges in the foreign exchange market, with its value weakening by 53 paisas to the US dollar on Thursday, April 27, 2023.
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Standard Chartered Bank (Pakistan) Limited Thursday reported a significant surge in its profit after tax for the first quarter of calendar year 2023.
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