Silkbank Limited (PSX: SILK) has received a letter of intention (LoI) from the International Commercial Bank of South Sudan to… Read More
Rupee Hopelessly Drops to Historic Low Against US Dollar
The Pakistani rupee (PKR) declined further against the US Dollar and dropped to a new all-time low during intraday trade… Read More
Pakistan’s Public Debt Increases by Rs. 11.5 Trillion in a Year
The total public debt stock of the federal government decreased by Rs. 589 billion or 1.1 percent from Rs. 54.9… Read More
IMF Deal to Go Through After External Financing from Friendly Countries is Secured
The International Monetary Fund (IMF) has ensured that all its prior conditions have been met but the bailout is still… Read More
Johnson & Johnson Agrees to Pay $8.9 Billion to Settle Cancer-Causing Baby Powder Case
Johnson & Johnson (J&J) has agreed to pay $8.9 billion to 70,000 plaintiffs alleging that the company’s talcum powder products… Read More
Debt Restructuring Will be Very Difficult for Pakistan: Former SBP Governor
Former Governor of State Bank of Pakistan (SBP) Dr. Reza Baqir warned that debt restructuring for Pakistan will be very… Read More
SBP Raises Interest Rate to Highest Ever in Pakistan’s History
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points… Read More
U Bank Registers Outstanding Profit Growth of 102.5% in 2022
U Microfinance Bank has announced its financial results for the year ended December 31st, 2022. The bank posted a profit… Read More
Rupee Makes History Against US Dollar, Drops to 357 Against British Pound
The Pakistani rupee (PKR) extended losses against the US Dollar and dropped to a new all-time low during intraday trade… Read More
Rupee Crashes Near All-Time Low Against US Dollar Ahead of SBP Policy Review
The Pakistani rupee (PKR) extended losses against the US Dollar and dropped further during intraday trade today. The Pakistani rupee… Read More
Mobilink Microfinance Bank Posts 31.7% Profit Growth in 2022
Mobilink Microfinance Bank Limited (MMBL) has announced its financial results for the year ended December 31st, 2022. The company posted… Read More
Oil Prices Jump 5% After OPEC+ Countries Announce Production Cuts
Oil prices jumped sharply on Monday with Brent crude surging to $84 after the Organization of the Petroleum Exporting Countries… Read More
