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.
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.
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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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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.
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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.
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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.
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