Tabani Group, a renowned business conglomerate in Pakistan, has acquired the world’s first and only Sharia-compliant OPD Company Siha Health… Read More
Malik Bostan Denies Exchange Companies’ Role in Keeping PKR/USD Volatile
Exchange companies have nothing to do with the volatile exchange rate and completely support state efforts to curb the black… Read More
SECP Provides Legal Backing For Eradication of Riba
The Securities and Exchange Commission of Pakistan (SECP) has given legal backing to the “Islamic financial institutions”, offering Islamic financial… Read More
Rupee Up 11th Day in a Row Against US Dollar
The Pakistani rupee continued its good run against the US Dollar today after opening trade at 292 in the interbank… Read More
PIA Seeks Debt Freeze in Bid to Survive
Pakistan International Airlines (PIA) seeks a freeze on domestic loan repayments in order to bridge a Rs. 153 billion annual… Read More
Rupee Rises Higher Against US Dollar 10th Day in a Row
The Pakistani rupee rose higher against the US Dollar today after opening trade at 296 in the interbank market. At… Read More
MCB Bank to Establish Exchange Company
The Board of Directors of MCB Bank Limited (PSX: MCB) has approved the establishment of an exchange company with Rs.… Read More
SBP Aims To Empower 500,000 Farmers With Financial Literacy
The State Bank of Pakistan (SBP) Banking Services Corporation (SBP-BSC) has launched the Agriculture Finance Literacy Program (AFLP) through a… Read More
Govt Warns Against Use of Indian Solutions in Banking, Fintech Sectors
The Government of Pakistan has warned against the use of Indian-origin products and services by the Pakistani Industry, fintech, and… Read More
6-Month KIBOR Falls Sharply As SBP Maintains Key Interest Rate
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 159 basis points… Read More
Rupee Gains Further Ground Against US Dollar 9th Day in a Row
The Pakistani rupee closed this week with more gains against the US Dollar today after opening trade at 296 in… Read More
Govt Increases Profit Rates on Naya Pakistan Certificates By Up to 6%
The federal government has decided to enhance the profit rates of Naya Pakistan Certificates (NPCs) by up to 6 percent… Read More
