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: Pakistani Rupee (PKR) made recovery of 61 paisas to end at PKR 261.90 to the dollar on Wednesday in interbank foreign exchange market.
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KARACHI: United Bank Limited (UBL) on Wednesday declared Rs32.06 billion as profit after tax for the year ended December 31, 2022.
(more…)KARACHI: Pakistani Rupee (PKR) slipped by 63 paisas against the dollar on Tuesday owing to rising demand for import and corporate payments.
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KARACHI: MCB Bank is expecting up to 200 basis points increase in benchmark interest rates in near terms, according to conference call held on February 20, 2023.
(more…)KARACHI: Pakistani Rupee (PKR) appreciated against the dollar on Monday in interbank foreign exchange market.
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Aggrieved with banking services, customers have filed the highest number of complaints against Habib Bank Limited (HBL) – the largest bank in Pakistan – during the year 2022.
(more…)KARACHI: Pakistani Rupee (PKR) gained against the dollar on Friday on expectations that the country will reach a staff level agreement with the International Monetary Fund (IMF).
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Standard Chartered Bank Pakistan Limited (SCBPL) has delivered a record profit before tax of Rs 50.1 billion, registering an increase of 102 per cent year on year.
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KARACHI: Meezan Bank Limited on Thursday announced Rs45 billion as profit after tax for the year ended December 31, 2022.
(more…)KARACHI: Pakistani Rupee (PKR) continued its upward journey against the dollar on Thursday and ended at PKR 264.38 in the interbank foreign exchange market.
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