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: After tax profitability of banks in Pakistan have increased by 15 per cent Year on Year (YoY) to 307 billion in 2022.
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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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KARACHI: A poll has shown that the State Bank of Pakistan (SBP) may increase the benchmark interest rate to 20 per cent in policy meeting on March 02, 2023.
(more…)KARACHI: Pakistani Rupee (PKR) fell by Rs1.58 against the dollar on Tuesday due to higher foreign currency demand for import, corporate payments.
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KARACHI: Pakistan is set to raise benchmark interest rate as the central bank has announced the monetary policy committee (MPC) to meet ahead of schedule on March 02, 2023.
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KARACHI: The US dollar eased by seven paisas against the Pakistani Rupee (PKR) on Monday owing to inflows received from a Chinese bank.
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KARACHI: Habib Bank Limited (HBL) on Friday announced that its net annual profit has declined to Rs34.4 billion for the year ended December 31, 2023.
(more…)KARACHI: The Pakistani Rupee (PKR) outperformed the dollar on Friday and reached PKR 259.99 in interbank foreign exchange market.
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The executive board of the International Monetary Fund (IMF) agreed on the need to develop and apply comprehensive regulations, including prudential and conduct regulation to crypto assets.
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