The Board of Directors of The Bank of Punjab convened on August 24, 2023, to review and approve the unaudited… Read More
Caretaker Govt ‘Declares War’ Against Black Market Players to Curb Skyrocketing US Dollar
The week-old caretaker government on Thursday decided on an all-out war against unlicensed foreign currency dealers to help curb the… Read More
Faysal Bank’s Profit Rises By 76% in H1 2023
Faysal Bank Limited (PSX: FABL), one of the prominent Islamic banks in Pakistan, declared a consolidated profit after tax (PAT)… Read More
Standard Chartered Bank Records Over 130% Profit Growth
Standard Chartered Bank (Pakistan) Limited recorded a profit growth of 132 percent year-on-year to Rs. 18.8 billion during the first… Read More
32% of Pakistani Companies Blame Corruption as a Major Hurdle
32 percent of the firms in Pakistan identify corruption as a major business constraint. This is higher than the average… Read More
Rupee Drops Below 300 Against US Dollar for the First Time in Pakistan’s History [Updated]
The Pakistani rupee nosedived below 300 against the US Dollar during intraday trade today after breaching below 299 at 10:00… Read More
Bank Al Habib Records Windfall Profit of Rs. 18.2 Billion in H1 2023
Bank Al Habib Limited has reported a windfall profit similar to its competing banks which stood at over Rs. 18… Read More
PSO’s Profit Sees Huge Decline in FY23 Despite Biggest Market Share
Pakistan State Oil Company Limited (PSO) has announced its financial result for the financial year that ended on June 30th,… Read More
Rupee Slides to A New All-Time Low Against US Dollar 2nd Day in a Row
The Pakistani rupee slid to a new record low against the US Dollar today, making history 2nd day in a… Read More
Pakistan’s Exports to EU Stood at $9.5 Billion in FY23
Pakistan’s exports to European Union (EU) clocked in at $9.5 billion during the fiscal year 2022-23 (FY23), according to an… Read More
Rupee Crashes to New All Time Low Against US Dollar
The Pakistani rupee nosedived to a new record low against the US Dollar today, making history after opening trade at… Read More
Fuel Cost for Power Generation Down 19.2% While Electricity Prices Rise to Record High
While electricity prices have surged to a record high in Pakistan in the first seven months of 2023 (7MCY23), fuel… Read More
