Faysal Asset Management Earns Prestigious ‘AM1’ Rating from VIS Credit Rating Company
Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited, has achieved a major milestone by securing an ‘AM1’…
PSX Hits 80,000 Mark with 970-Point Surge Amid Broad-Based Gains
The Pakistan Stock Exchange (PSX) achieved a significant milestone on Wednesday as its 100-Index surged past the 80,000 mark, closing…
Roshan Digital Account Inflows Reach $165 Million in August 2024, Continuing Growth Trend
In a positive development for Pakistan’s foreign exchange reserves, inflows through Roshan Digital Accounts (RDAs) surged to $165 million in…
Pakistani Rupee Climbs for Sixth Consecutive Day, Nears 277 Against US Dollar
The Pakistani rupee (PKR) continued its upward momentum for the sixth consecutive day against the US dollar (USD), inching closer…
Pakistan’s Current Account Surplus Hits $75 Million in August 2024, Driven by Strong Remittances
In a positive development for Pakistan’s economy, the country’s current account balance recorded a surplus of $75 million in August…
Banking Sector Profit Margins Rise by 1.1% in H1 2024 Amid Macroeconomic Shifts
The State Bank of Pakistan (SBP) has revealed that the banking sector saw a modest increase in profits, growing by…
Foreign Direct Investment in Pakistan Surges by 51% in August 2024
Pakistan has seen a significant rise in Foreign Direct Investment (FDI), with net FDI reaching $214 million in August 2024.…
FBR to Include AJ&K and Gilgit-Baltistan Filers in Active Taxpayers List
In a significant update, the Federal Board of Revenue (FBR) has announced that taxpayers from Azad Jammu and Kashmir (AJ&K)…
Asian Development Bank Commits $8 Billion in Loans to Pakistan for 2024-2028
The Asian Development Bank (ADB) has committed to providing $8 billion in loans to Pakistan over the next four years,…
Pakistan’s Currency in Circulation Jumps Rs. 212 Billion in a Week Amid Banking Sector Shifts
Pakistan has witnessed a significant surge in cash circulation, with an increase of Rs. 212.7 billion in just one week,…