Pakistan will repay $2 billion to the United Arab Emirates (UAE) by the end of April, officials told ProPakistani on… Read More
SBP Reserves Gain $6 Million in One Week
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed inflows of $6 million in the week that ended… Read More
SECP Partners with Banks, Fintech to Instantly Open Corporate Accounts in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has signed Memoranda of Understanding (MoUs) with Askari Bank Limited and NayaPay… Read More
SBP Announces Independent Bank Accounts for Teenagers
The State Bank of Pakistan (SBP) has introduced a nationwide regulatory framework allowing teenagers to independently open and operate bank… Read More
Telcos and Banks Finally Explain Why They Charge Rs. 300 for Just SMS Notifications
Members of the Senate Standing Committee on Finance on Monday grilled banking and telecom officials on why their customers were… Read More
US Dollar’s Share of Global Reserves Falls to 30-Year Low As World Wants Gold: IMF
The US dollar’s share of global foreign exchange reserves has fallen to its lowest level this century, according to the… Read More
Bank of Khyber Injects Rs. 1 Billion Into Currency Exchange Subsidiary
Bank of Khyber has formally injected Rs. 1 billion into its subsidiary, BOK Currency Exchange Company (Pvt) Limited, with shareholders… Read More
Gold Rate Posts Small Decline in Pakistan After Yesterday’s Huge Crash
Gold prices in Pakistan continued to decline and posted bite-sized losses on Friday. The price of one tola decreased by… Read More
Bank Alfalah Exits Bangladesh in $47.5 Million Deal
Pakistan’s Bank Alfalah Limited (PSX: BAFL) has approved the sale of its Bangladesh operations to Bank Asia Limited in a… Read More
Bond Yields Skyrocket By Over 200 Basis Points in Latest PIBs Auction
The federal government successfully raised Rs. 466 billion through Pakistan Investment Bonds (PIBs) in the latest auction conducted by the… Read More
Pakistan’s Islamic Mutual Funds Cross Rs. 2 Trillion Mark for the First Time
Sharia-compliant mutual funds in Pakistan continue to attract strong investment from individuals, associations of persons, and corporate investors, with total… Read More
SBP Allows Non-Residents to Open Foreign Currency, Rupee Accounts
The State Bank of Pakistan (SBP) has expanded the eligibility criteria for opening and maintaining key banking accounts, aiming to… Read More
