Pakistan Interest Rate Cut Expected in June: Survey Predicts 200 Basis Point Reduction
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting on June 10th is highly anticipated due to the…
Meezan Bank Partners with Legends Arena to Promote Health and Fitness in Karachi
Meezan Bank, Pakistan’s leading Islamic bank, has joined forces with Legends Arena, a state-of-the-art sports complex in Karachi, to promote…
Bahrain’s GFH Acquires 75% Stake in Faysal Bank JV, Eyes Ithmaar’s Broader Portfolio
Faysal Bank Limited’s (PSX: FABL) parent company, Ithmaar Holding, secured shareholder approval at its EOGM on Wednesday for the sale…
US Eyes Reko Diq Mine Funding, Potential First Major Investment in Pakistan
The United States is considering providing debt financing for Pakistan’s massive Reko Diq mining project through its Export-Import Bank (Exim…
Pakistan’s KIBOR Rates Fall After Successful Bond Auction
Pakistan’s key lending rates, reflected in the Karachi Interbank Offered Rate (KIBOR), witnessed a significant drop following a successful government…
Pakistan’s SBP Reserves Dip $63 Million, Still Above $9 Billion
The State Bank of Pakistan’s (SBP) foreign exchange reserves dipped by $63 million in a week, according to data released…
Pakistan’s Islamic Banking Industry Booms, Assets Surge to Rs. 9 Trillion
Pakistan’s Islamic Banking Industry (IBI) has achieved a remarkable milestone, reaching Rs. 9 trillion in total assets, according to the…
Pakistan Sees Drop in Cash Holdings Despite Money Supply Increase
Pakistan’s cash holdings have dipped by a significant Rs. 212 billion during the current fiscal year (FY24) according to the…
Pakistan Stock Exchange Closed for Youm-e-Takbeer as Nation Celebrates Defense Strength
The Pakistan Stock Exchange (PSX) will be closed on Tuesday, May 28th, 2024, in observance of Youm-e-Takbeer, a national holiday…
Pakistan Celebrates Youm-e-Takbeer with Public Holiday, Marking Nuclear Power Status
Pakistan will celebrate Youm-e-Takbeer with a public holiday on May 28th, commemorating the anniversary of its successful nuclear tests in…