Pakistan’s financial sector has been upgraded with a state-of-the-art anti-money laundering software solution called goAML, according to Financial Monitoring Unit… Read More
BankIslami Makes Over Rs. 1 Billion Profit in 2019
BankIslami profits surged to over Rs. 1 billion in 2019. The bank profits of Rs. 1.103 billion, which is 241%… Read More
UBL to Shut Down Its Subsidiary in Pakistan
UBL is set to wind up the operations and businesses of its subsidiary, United Executors and Trustees Company Limited. The… Read More
UBL Records 25% Profit Growth in 2019
United Bank Limited showed outstanding resilience in profitability, making a handsome profit of Rs. 19.1 billion in 2019. The bank’s… Read More
Habib Bank Receives Another Penalty of Rs. 12.8 Million
Habib Bank Limited has been in the headlines for all the wrong reasons lately. In a fresh move, the bank… Read More
Foreign Investment in Pakistan Increases by 541% in FY20
The net foreign investment inflows have witnessed a staggering growth surging to $3.425 billion during the seven months of the… Read More
Telecom Sector Contributed Over Rs. 80 Billion in Q1 FY 2019-20
The contribution of telecom operators and consumers has been outstanding to various areas of the economy including tax revenue and… Read More
Meezan Bank Posts Stellar Profit Growth of 70% in 2019
Meezan Bank recorded an outstanding year of profitability in 2019 with its growth recorded at almost 70% compared to the… Read More
ABL Records a Profit of Over Rs. 14 Billion in 2019
Allied Bank Limited has successfully regained its profitability, which increased by 9.5 percent in 2019. Accordingly, the bank’s profit increased… Read More
Forex Reserves Reach Another Unprecedented High in January 2020
The first month of 2020 has proven to be good for at least one macroeconomic indicator – foreign exchange reserves… Read More
Govt Raises Rs. 4.65 Billion From Islamic Banks
The government of Pakistan has raised Rs. 4.65 billion from Islamic banks on the mode of Bia Muajjal transaction (deferred… Read More
SBP Sets Merchant Discount Rate At 1.5-2.5% for Point of Sale Transactions
State Bank of Pakistan (SBP) has set the Merchant Discount Rate (MDR) for the transactions through Point of Sale (POS)… Read More
