In order to provide relief to importers, the State Bank of Pakistan (SBP) has significantly reduced cash margin requirements on… Read More
Pakistan National Shipping Corporation Acquires Aframax Vessel from Singapore
Pakistan National Shipping Corporation (PNSC) has acquired a refurbished Aframax vessel with a deadweight of 105,000 metric tonnes. An official… Read More
Apna Microfinance Bank Listed as Defaulter by NCCL
National Clearing Company Limited (NCCPL) has placed Apna Microfinance Bank in the defaulter’s segment, effective from Thursday, 4 August 2022.… Read More
UBL Is Now Ranked Below HBL In Terms of Profits
United Bank Limited (UBL) reported a profit of Rs. 11.8 billion in the first half of 2022 after a 20… Read More
SBP Slaps Rs. 131.4 Million Fine on 3 Major Banks
State Bank of Pakistan (SBP) has hammered three commercial banks with different penalties to the tune of Rs. 131.4 million… Read More
Govt Plans Additional $4 Billion Forex Inflows in Next 12 Months
The government has planned an extra cushion of $4 billion over the next 12 months to bolster Pakistan’s foreign exchange… Read More
Here are Profit and Loss Details of Microfinance Banks in Pakistan
The microfinance sector has been very active in Pakistan for the past two decades catering to the financing needs of… Read More
Private Sector Borrowing Surges to All-Time High of Rs. 1.4 Trillion
The borrowing of the private sector from the banking system has surged to an all-time high level of Rs. 1.44… Read More
Pakistan Receives Highest Ever Remittances of Over $31 Billion in FY22
The remittances sent by overseas Pakistanis have surged to an all-time high of Rs. 31.2 billion, up by 6 percent… Read More
Banking Sector Witnesses Record Growth in Deposits, Advances and Investments
The banking sector witnessed record growth in deposits, advances, and investments in June 2022 despite an increasingly tough business climate.… Read More
BlueEx Plans to Set Up Subsidiary for International Services
Universal Network System Limited (BlueEx) plans to set up a local subsidiary in collaboration with international partners to tap into… Read More
Pakistan International Oil Limited Established in Abu Dhabi
A consortium of Pakistan’s companies comprising Oil and Gas Development Company Limited (OGDCL), Mari Petroleum Company Limited (MPCL), Government Holdings… Read More
Angry Customers Switch to Islamic Banks to Protest Against Riba Case
A section of emotionally-charged customers is switching their bank accounts to Islamic banks from four banks including HBL, UBL, NBP,… Read More
Banks Increase Charges for ATM Withdrawals from Other Banks
A few commercial banks have increased the per transaction fee from Rs. 18.50 to Rs. 23.44 for cash withdrawals at… Read More
Packages-led Consortium to Purchase Additional 585,254 Shares of Sanofi Pakistan
The consortium led by Packages Limited has made a public offer to purchase 585,254 ordinary shares of Sanofi-Aventis Pakistan Limited,… Read More
