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 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.
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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.
(more…)Karachi, August 3, 2023 – The Pakistani Rupee (PKR) made a remarkable recovery against the US dollar on Thursday, bouncing back from a three-day slump.
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Karachi, August 2, 2023 – MCB Bank, one of the largest banks in Pakistan, stunned investors by announcing an exceptional financial performance with a remarkable 150 percent growth in profit after tax (PAT) for the first half of the calendar year 2023.
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Karachi, August 2, 2023 – The Aga Khan Fund for Economic Development (AKFED) has recently conveyed its intention to acquire shares of Habib Bank Limited (HBL) worth Rs 3.47 billion.
(more…)Karachi, August 2, 2023 – The Pakistani Rupee (PKR) experienced a decline against the US dollar for the third consecutive day, closing at PKR 289.38 in the interbank foreign exchange market on Wednesday.
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