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 – Allied Bank Limited (ABL) is gearing up for a potential 2% increase in interest rates during the calendar year 2019, according to insights gleaned from a recent conference call.
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KARACHI – The Pakistani Rupee showcased a noteworthy gain against the US Dollar on Friday, just ahead of the anticipated visit of the Saudi Crown Prince.
(more…)KARACHI — The Pakistani Rupee exhibited early signs of strength against the US Dollar in Friday’s early trading sessions, with currency experts attributing the positive trend to heightened expectations of significant investments during the upcoming visit of Saudi Crown Prince Mohammad Bin Salman, scheduled for December 16, 2019.
(more…)The Pakistani Rupee held steady against the US dollar on Thursday, closing at Rs138.93 in the interbank foreign exchange market.
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The State Bank of Pakistan (SBP) has issued directives to all banks, urging them to prominently display contact details to facilitate customers in addressing complaints and resolving issues effectively.
(more…)KARACHI – In early day trading on Thursday, the Pakistani Rupee demonstrated resilience, gaining two paisas against the US dollar, trading at Rs138.92 in the interbank foreign exchange market.
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KARACHI – According to the latest debt statistics issued by the State Bank of Pakistan (SBP), the investment in unregistered prize bonds has witnessed a significant surge, recording an increase of 17 percent to reach Rs922.78 billion by the end of December 2018.
(more…)KARACHI – In a successful auction held on Wednesday, the State Bank of Pakistan (SBP) raised a substantial amount of Rs2,107.51 billion through the sale of Market Treasury Bills (MTBs).
(more…)KARACHI – The Pakistani Rupee experienced a marginal decline of two paisas against the US dollar on Wednesday, closing at Rs138.94 in the interbank foreign exchange market.
(more…)Karachi – Allied Bank Limited, one of Pakistan’s leading financial institutions, announced a profit after tax of Rs12.88 billion for the year 2018, reflecting a commendable 1.15 percent increase compared to the preceding year’s profit of Rs12.733 billion.
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