The Pakistani Rupee (PKR) continued its dismal run against the US Dollar (USD) and posted losses in the interbank market… Read More
NBP Responds After $55 Million Penalty by US Regulator
The $55 million fines imposed by US regulators on the National Bank of Pakistan were for “historical compliance program weaknesses… Read More
Pakistan Achieves Highest Ever IT and Telecom Services Exports in 7 Months
Pakistan has reported its highest IT and Telecom services exports in seven months. Information and Communications Technology (ICT) export remittances,… Read More
US Imposes $55 Million Fine on National Bank of Pakistan for Money Laundering
National Bank of Pakistan (NBP) has been fined $55 million by the US Authorities on the charges of violations of… Read More
Pakistan’s Current Account Deficit Reaches Its Highest Level in FY2022
The current account deficit continued widening in the recent months due to the higher import bill — with a record… Read More
SBP Reserves Plunge by $289 Million Due to Debt Servicing
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed outflows of $289 million in the week that ended… Read More
HBL Announces Highest Ever Profits of Rs. 35.5 Billion in 2021
Habib Bank Limited (HBL) today declared a record consolidated Profit after tax of Rs. 35.5 billion in 2021, which is… Read More
ECC Approves Continuation of Subsidies on Five Essential Items
The Economic Coordination Committee of the Federal Cabinet (ECC) has deliberated over and approved the continuation of un-targeted subsidies on… Read More
Rupee Drops Against the US Dollar After Russia Declares War on Ukraine
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and posted losses in the interbank market today. It… Read More
Credit Suisse Leaks Exposes Mian Mansha’s Alleged Link to “Hidden” London Hotel Sale
Credit Suisse Leaks have revealed that one of Pakistan’s wealthiest businessmen, Mian Mohammad Mansha, appears to have had a shared… Read More
Faysal Bank Posts Highest Ever Profit of Rs. 8 Billion in CY2021
Faysal Bank Limited has made its highest annual profit of over Rs. 8 billion in 2021. According to the financial… Read More
Pakistan’s Consumer Confidence Improves Despite Bleak Market Expectations
Pakistan’s Consumer Confidence Index increased to 77.0 points in Q4 2021 as compared to 70.8 points in Q3 2021, translating… Read More
