With consistent growth in operations and business coupled with acceptance among the customers across the country, Islamic banks, and Islamic… Read More
HBL Announces Emergency Medical Facility For COVID-19 Treatment
In the prevailing COVID-19 pandemic wherein the population is at risk, bank staff and their relatives are also affected, Habib… Read More
DEG to Re-Enter Pakistani Market by Acquiring Stake in TPL Insurance
Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) has expressed its interested in acquiring 20 percent shares in the Pakistani insurance company TPL… Read More
Power Sector Received Nearly $900 Million Investment in FY 2019-20
Due to the high demand for electricity across the country, various power-producing projects are under development, attracting a handsome inflow… Read More
Banks Approve Over Rs. 107 Billion in Loans Under Rozgar Refinancing Scheme
Banks have approved loan applications worth Rs. 107.5 billion under Rozgar Refinancing Scheme introduced by the State Bank of Pakistan… Read More
Pakistani Bank Branches in Other Countries Record a Massive Increase in NPLs
Pakistani banks operating in different countries have witnessed a rise in Non-Performing Loans of 12.06 percent or Rs. 13.5 billion… Read More
Banks Foresee Limited Effect on Their Profit By Mid-2020
Despite the slowdown of the economy coupled with reduced interest rates, most banks foresaw a limited impact on profitability in… Read More
Remittances Drop By 18% in May Due To COVID-19
Remittances sent by overseas Pakistanis recorded a double-digit decline of 18 percent or $429 million during May 2020 as compared… Read More
Pakistanis Will Lose 1.4 Million to 18.5 Million Jobs Due to COVID-19
Thousands of Pakistanis are struggling for theie lives, while millions skilled and unskilled labour have lost their jobs due to… Read More
Mobile Industry’s Contribution to Reach $24 Billion in Pakistan by 2023
Despite issues and challenges and relatively slow development, GSMA foresees a promising role of the mobile industry in Pakistan with… Read More
Inflation in Pakistan Was Higher Than Many Developing Countries: SBP
As COVID-19 has taken its toll on the global economies, the inflation rate in several countries has dropped significantly mainly… Read More
Panasonic is Officially Launching its ACs & Appliances in Pakistan With New Partnership
The two established brands and producers of the electronic items and home appliances, Panasonic and PEL have entered into a… Read More
3 Pakistan Universities Receive Rs. 1.95 Million Grants To Participate in SEM Asia
Pakistan’s three major engineering universities received an overall grant of Rs. 1.95 million for participating in the next Shell Eco-marathon… Read More
Faysal Bank Overtakes Askari Bank in Profitability and Branch Network
Faysal Bank has left behind Askari Bank in terms of branch network with the investment in the expansion of its operations… Read More
Pakistan’s Current Account Deficit Shrinks by 70% in 10 Months
The current account deficit has contracted significantly by over 70 percent in the first ten months of the current financial… Read More
