Gul Ahmed, Pakistani apparel brand and exporter of the textile products, seems poised to recover its profitability as its financial… Read More
SBP’s Covid-19 Initiatives Have Boosted The Economy by Rs. 1.6 Trillion
State Bank of Pakistan (SCP) claimed that its policy initiatives and support measures are estimated to have provided a stimulus… Read More
UBL’s Asset Value Crosses the Rs. 2 Trillion Mark
The asset value of United Bank Limited has continued to rise gradually crossing the milestone of Rs. 2 trillion. UBL… Read More
Govt Sets up Islamic Company to Attract Investments in Naya Pakistan Certificates
The government has established a wholly-owned special purpose entity, namely Islamic NPC Company Limited (INPCCL), which shall be issuing Islamic… Read More
IT Exporters Can Now Retain a Big Chunk of Their Foreign Exchange Earnings
In order to facilitate IT exporters, the State Bank of Pakistan (SBP) has relaxed the conditions of maintaining foreign exchange… Read More
Meezan Bank Reports Massive Growth in Profit During Q3 2020
Meezan Bank has recorded stellar profit growth of 65% by the end of the third quarter of 2020 due to… Read More
Dawood Lawrencepur to Invest Rs. 30 Million in Reon Alpha
Dawood Lawrencepur will inject an amount of Rs. 30 million in its wholly-owned subsidiary, Reon Alpha, in order to expand… Read More
SBP Announces Govt’s Low-Cost Housing Finance Scheme
The State Bank of Pakistan (SBP) has announced the much-awaited housing finance scheme that deemed to have designed in a… Read More
Remittances From Overseas Pakistanis Cross $2 Billion for the 4th Consecutive Month
Remittances from Overseas Pakistanis continued to show a healthy trend with a record trend of above $2 billion inflows for… Read More
SBP Allows Banks to Outsource Their Cash Processing Functions
State Bank of Pakistan (SBP) decided to provide flexibility to banks allowing them to outsource the function of the currency… Read More
SBP to Penalize Banks Failing to Meet Housing Finance Targets
State Bank of Pakistan (SBP) has introduced a mechanism to penalize the banks for any shortfall in meeting the target… Read More
Tax Revenues from Banks Deposits and Securities Go Up by 120%
Federal Board of Revenue (FBR) has generated handsome revenues from banks and banks customers on the account of withholding taxes… Read More
