IMF Rejects Pakistan’s Request for Stationery Tax Exemption
The Pakistani government has faced a setback in its negotiations with the International Monetary Fund (IMF) regarding tax relief on…
KIBOR Plummets to 17-Month Low Following T-Bill Auction
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a key benchmark for lending rates, has dropped to its lowest level in…
Meezan Bank Reports Record-Breaking Quarterly Profit of Rs. 26.7 Billion
Meezan Bank Limited has announced its financial results for the second quarter of 2024, revealing a record-breaking profit of Rs.…
SBP Reserves See Modest Increase, Totaling $9.153 Billion
The State Bank of Pakistan (SBP) has reported a slight increase in its foreign exchange reserves. According to the central…
Meezan Bank Reports Record-Breaking Quarterly Profit
Meezan Bank Limited has announced its highest-ever quarterly earnings, recording a remarkable profit of Rs. 26.7 billion for the second…
Rashid Mahmood Langrial Takes Charge as FBR Chairman
Rashid Mahmood Langrial has officially assumed the role of Chairman of the Federal Board of Revenue (FBR). He replaced Malik…
Incoming Sukuk Auction for Rs. 100 Billion: Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) is set to conduct its 12th auction of Government Ijarah Sukuk on August 15th, aiming…
Apna Microfinance Bank Seeks to Increase Authorized Capital
Apna Microfinance Bank Limited (AMBL) is proposing to expand its authorized capital from Rs. 5 billion to Rs. 7.5 billion.…
MCB Bank Records Highest-Ever Half-Yearly Profit
MCB Bank Limited has announced its financial results for the first half of 2024, reporting a record-breaking profit before tax…
SBP Launches NIBAF Pakistan, Merging NIBAF and IBP
The State Bank of Pakistan (SBP) has taken a significant step towards strengthening the country’s financial sector by merging its…