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.
Bank Al Habib Limited (BAHL) has announced 11 per cent fall in after tax profit for calendar year 2022 due to higher provision and tax charges.
(more…)
State Bank of Pakistan (SBP) on Wednesday reminded the general public about the last date for encashment of bearer prize bonds.
(more…)
KARACHI: Pakistani Rupee (PKR) on Wednesday appreciated to PKR 265.38 to the dollar in the interbank foreign exchange market.
(more…)
KARACHI: Fitch Ratings on Tuesday downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘CCC+’.
(more…)KARACHI: Pakistani Rupee (PKR) made sharp recovery against the dollar on Tuesday despite significant fall in foreign inflows.
(more…)
ISLAMABAD: Finance division has advertised to invite applications for appointment of CEO National Bank of Pakistan (NBP).
(more…)KARACHI: State Bank of Pakistan (SBP) on Monday decided to initiate action against exporters for delay in realization of export proceeds.
(more…)
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Monday warned the general public against illegal non-banking financial companies (NBFCs).
(more…)
KARACHI: Inflows of foreign remittances into Pakistan have declined by 11 per cent during first seven months (July – January) of fiscal year 2022-2023, the central bank said on Monday.
(more…)KARACHI: Pakistani Rupee (PKR) weakened by 16 paisas against the dollar to end at PKR 269.44 on Monday due to massive decline in foreign exchange reserves.
(more…)