Pakistan, World Bank Agree on 10-Year Economic Roadmap, Minister Seeks Global Support
Pakistan’s Finance Minister, Muhammad Aurangzeb, recently concluded a productive visit to Washington, securing key agreements and exploring avenues for international…
UBL Q1 Profit Up 12%, Beats Estimates on Securities Gains, Dividend Surprise
United Bank Limited (UBL) reported a strong first quarter (Q1) of 2024, exceeding industry expectations with a 12% year-over-year (YoY)…
Bank Alfalah in Talks to Sell Bangladesh Operations to Bank Asia
Bank Alfalah Limited (PSX: BAFL) is exploring the sale of its Bangladesh operations to Bank Asia Limited, according to a…
Bank Alfalah Makes Play for Samba Bank: Eyes Acquisition of 84.5% Stake
Bank Alfalah Limited (PSX: BAFL) has set its sights on a significant acquisition, formally announcing its intention to acquire a…
SBP Cracks Whip: Fines Eight Banks, Exchange Company Rs 750 Million for Compliance Failures
The State Bank of Pakistan (SBP) sent a strong message to financial institutions with hefty fines totaling Rs. 747.57 million…
Saudi Arabia Boosts Pakistan’s Economy with $2 Billion Deposit Hike, Eyes Investments in Oil & Copper
In a move strengthening economic ties between Pakistan and Saudi Arabia, Saudi Arabia has pledged to increase its deposits in…
Pakistan Sees Record $3 Billion in Worker Remittances for March 2024
Pakistan’s overseas workforce is sending money home at an unprecedented rate. According to the State Bank of Pakistan, worker remittances…
Governor SBP Highlights Improved Macroeconomic Outlook to International Investors
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, engaged with key international investors during events hosted by…
Exporters Flood Banks with US Dollars Amid Devaluation Fears, Putting Pressure on Rupee
Pakistani exporters, spooked by potential devaluation of the US dollar, are selling their dollar earnings in large quantities, leading to…
Pakistan’s Foreign Exchange Reserves See Slight Increase with SBP Holdings Up $19 Million
Pakistan’s foreign exchange reserves witnessed a minor increase this week, with the State Bank of Pakistan (SBP) holdings edging up…