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.
The bank announces additional interim cash dividend of Rs8 per share after reporting higher earnings.
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Higher investment gains offset weaker core income, while rising operating expenses weigh on first-half earnings
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Subtitle: Bank awaits regulatory approvals from Bahrain and Pakistan before launching its overseas wholesale banking operations.
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Central bank triples exposure threshold under Basel III framework to improve financing access for eligible private sector borrowers.
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Bank declares another Rs6 per share interim cash dividend as earnings remain stable despite lower gains on securities.
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Central bank extends lower merchant and interchange fees to promote digital payments and Raast QR adoption.
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Returns on Defence Savings Certificates, Regular Income Certificates and Islamic savings products decline as easing interest rates reshape National Savings returns.
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Subtitle: Proposed deal remains subject to due diligence, negotiations and regulatory approvals as PTCL advances its expansion into financial services.
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Pakistan’s total liquid foreign exchange reserves decline to $22.44 billion as central bank reserves drop during the week ended July 24.
(more…)Senate panel calls for uniform banking procedures as lawmakers review customer complaints, banking charges and workplace policies.
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