Foreign direct investments maintained an improved position compared to the preceding year, with inflows recorded over $1 billion during the… Read More
Remittances Surge to $15.8 Billion in First Half of FY22
The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a… Read More
Prince-DFSK to Launch A Small Electric Car With 180KM Range in Pakistan
Regal Automobiles Industries Limited has confirmed plans to start assembling electric vehicles in Pakistan from the next year with the… Read More
Regal Automobiles Raising Rs. 800 Million Through PSX to Launch Electric Cars in Pakistan
Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs.… Read More
Banks’ Profitability Remains Steady in 2021: SBP
The State Bank of Pakistan (SBP) has indicated steady profitability of the banks in the outgoing year 2021 in the… Read More
Bank Credit to Private Sector in 2021 Was the Highest in 10 Years
Borrowing from banks by the private sector mainly to invest in businesses surged to a remarkable level of over Rs.… Read More
National Foods Expands its Footprint to USA
National Foods Limited has expanded its footprint to the USA market by setting up a separate and indirect subsidiary, National… Read More
Faysal Bank is Close to 100% Conversion to Islamic Banking
Faysal Bank Limited has continued to expand its branches network which surged to over 600 with around 98% share of… Read More
HBL’s Online System Goes Down For The Millionth Time
Habib Bank Limited (HBL), Pakistan’s largest and most profitable bank, has once again left its customers in a lurch with… Read More
Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework
The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as… Read More
Banking Sector Assets Surge 20% to Rs. 28.7 Trillion
The assets of the banking sector surged by over 20 percent on a Year-on-Year (YoY) basis to reach Rs. 28.7… Read More
SBP Unveils New Licensing and Regulatory Framework for Digital Banks
The State Bank of Pakistan (SBP) has introduced a Licensing and Regulatory Framework for Digital Banks in line with international… Read More
