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.
Habib Bank Limited (HBL) paid monetary penalties worth over Rs476 million during calendar year 2022, according to documents made available to Pkrevenue.com on Monday.
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KARACHI: Pakistani government has granted tax relief to commercial banks despite the banks are making huge profits in the wake of record high interest rates.
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KARACHI: Pakistani rupee has witnessed highly volatile week (February 27 – March 03) making the lowest level of PKR 285.09 to the dollar and recovered to PKR 278.46 to end the week.
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KARACHI: Pakistan Rupee (PKR) recovered sharply against dollar on Friday and closed at PKR 278.46 to the dollar after hitting an all-time low against the greenback.
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KARACHI: Pakistan on Thursday aggressively raised the benchmark interest rate by 300 basis points to 20 per cent.
(more…)KARACHI: Pakistani Rupee (PKR) made a historic low against the dollar to end at PKR 285.09 in interbank foreign exchange market on Thursday.
(more…)KARACHI: Pakistani Rupee (PKR) crashed against dollar to make historic low at PKR 285 during intraday trading in interbank foreign exchange market on Thursday.
(more…)KARACHI: After tax profitability of banks in Pakistan have increased by 15 per cent Year on Year (YoY) to 307 billion in 2022.
(more…)KARACHI: Pakistani Rupee (PKR) fell plunged by PKR 4.61 to the dollar on Wednesday owing to an international rating agency downgraded the country’s outlook.
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KARACHI: National Bank of Pakistan (NBP) has declared net profit of Rs31 billion for calendar year 2022.
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