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…
Mashreq Pakistan Poised for Launch, Set to Revolutionize Digital Banking
Mashreq Bank is on the verge of disrupting Pakistan’s digital banking landscape. The Dubai-based financial giant awaits final approval from…
Pakistan’s GDP Growth Rate Below 3% In Next 3 Years: World Bank Predicts
In its recent Pakistan Development Update, the World Bank has forecasted a modest growth rate of 1.8 percent for Pakistan’s…
Pakistani Rupee Extends Gains for 9th Day, Up Marginally Against US Dollar
The Pakistani rupee extended its winning streak against the US dollar for a ninth consecutive day. Opening trade in the…
Agritech Converts Preference Shares to Ordinary at Bank Alfalah’s Request, Stock Dips After Surge
Agritech Limited (PSX: AGL) converted its preference shares into ordinary shares at the request of Bank Alfalah Limited (PSX: BAFL),…
Bank of Punjab, Karandaaz Pakistan Join Hands to Digitize Farm Loans
The Bank of Punjab (BOP) and Karandaaz Pakistan have joined forces to revolutionize Pakistan’s agricultural sector through digital lending. This…