The Securities and Exchange Commission of Pakistan (SECP) will be accepting applications for testing in the regulatory sandbox from May… Read More
Rupee Ends Week With Marginal Recovery Against US Dollar
The Pakistani rupee (PKR) reversed losses and posted small gains against the US Dollar today. The Pakistani rupee was largely… Read More
UBL Posts Highest-Ever Quarterly Profit of Rs. 14.4 Billion in Q1 2023
United Bank Limited (UBL) has posted an all-time high quarterly profit of Rs. 14.47 billion in the quarter that ended… Read More
UBL Considering Merger with Silkbank
United Bank Limited (UBL) is considering a merger with Silkbank Limited and intends to seek permission from the State Bank… Read More
Pakistan Wants Military Financing Restored, US Advises to Focus on IMF Instead
Pakistan’s envoy in Washington Masood Khan urged the United States government to lift the Trump-era moratorium on military financing and… Read More
Attock Cement to Sell its Subsidiary in Iraq for $23.4 Million
Attock Cement Pakistan Limited (PSX: ACPL) has entered into an arrangement for the sale of its investment in a cement… Read More
Profit Repatriation Declines by Over 81% in 9 Months of FY23 Amid Dollar Drought
Foreign company repatriation of dollars fell 81.6 percent during the first nine months of the current fiscal year, mirroring low… Read More
Systems Limited Posts Highest Ever Quarterly Profit of Rs. 3.87 Billion in Q1 2023
Systems Limited (PSX: SYS) announced its financial results for the three months that ended on March 31st, 2023, wherein it… Read More
NBP’s Assets Reach Rs. 6 Trillion Mark, Profits Up 8.7% in Q1
The National Bank of Pakistan (NBP) balance sheet recorded growth with a balance sheet surging to over Rs. 6 trillion… Read More
China Proposes $58 Billion Railway Project in Pakistan to Reduce Reliance on Western Trade Routes
China has proposed to build its most expensive Belt and Road Initiative (BRI) to date, a $58 billion railway system… Read More
Standard Chartered Bank Pakistan Posts 30% Profit Growth in Q1 2023
Standard Chartered Bank Pakistan also maintained significant growth in its balance sheet which reported a profit of Rs. 9.19 billion… Read More
Rupee Falls Against Major Currencies As Outlook Remains Grim
The Pakistani rupee (PKR) reversed gains and posted heavy losses against the US Dollar today. The Pakistani rupee was largely… Read More
