Pakistan is ranked at number three among countries with the highest inflation, with an inflation rate of 5 percent by… Read More
Foreign Direct Investment Drops by 51% in 2 Months
The newly elected government has a challenging economic situation to contend with as the net Foreign Direct Investment (FDI) has… Read More
Banks Ordered to Keep Foreign Currencies in Stock For Patients Going Abroad
State Bank of Pakistan (SBP) directed all banks to maintain adequate stock of major currencies in designated branches in order… Read More
Monthly Remittances to Pakistan Cross $2 Billion for the First Time
Pakistan received the highest ever inflows of $2 Billion in a single month in August from expatriate Pakistanis living in… Read More
SBP Renames the Dam Fund Account
Following the speech of PM Imran Khan, State Bank of Pakistan has decided to rename the title of the Fund… Read More
Pakistan Needs $31 Billion to Run Its Economy: Research
Pakistan is estimated to require a financing of $31 billion in the current financial year in order to ensure macroeconomic… Read More
Banking Industry’s Non-Performing Loans Reach an All-Time High
As the banking Industry’s lending to different sectors is increasing, its Non-Performing Loans (NPLs) also grew to Rs. 623 billion… Read More
Islamic Banking Industry’s Deposits Cross Rs. 2 Trillion Mark
With the rising acceptability of Islamic Banking services in the country, coupled with the increasing penetration of Islamic Bank mainly… Read More
Meezan Bank Posts An Impressive Profit Growth of 30% in Half Year 2018
Continuing its upward trajectory, Meezan Bank has recorded a handsome profit of 30 percent which increased to Rs 4.126 billion… Read More
PTA to Set up A Financial Control Portal to Increase Workflow Efficiency
Pakistan Telecommunication Authority is planning to develop a Financial Control Portal to replace its current system to improve core tracking… Read More
Discounts and Special Offers Boost Use of Debit & Credit Cards in Pakistan
Banks promoting the use of debit and credit cards via discounts, especially on special occasions, has had a positive impact… Read More
SBP Injects Rs. 2 Trillion In Banking System Ahead of Eid-ul-Azha
State Bank of Pakistan (SBP) has injected a whopping sum of Rs. 2 trillion in the banking system to meet… Read More
Bank Al-Habib Reports a Slight Decline in Profits in H1 2018
Bank Al-Habib Limited witnessed a slight drop in profit growth by 4 percent in the first half of 2018 compared… Read More
Silk Bank Records Handsome Profit of 55% in H1 2018
Silk Bank steadied its strong recovery from losses as it made a profit of 55 percent in the first half… Read More
Banking Industry Fails To Achieve Rs. 1 Trillion Target of Agri Credit
Pakistan banking industry failed to achieve an ambitious target of Rs. 1 trillion for agriculture credit set by the State… Read More
