Banks Record Rs1.9 Trillion Lending Surge to Private Sector in FY25
The private sector in Pakistan borrowed a record Rs1.9 trillion from banks during the first half of FY25, marking an…
Pakistani Rupee Declines by 9 Paisas Amid Rising Dollar Demand
The Pakistani rupee experienced a modest decline of 9 paisas against the US dollar on Thursday, January 2, 2025. It…
State Bank of Pakistan Releases Foreign Exchange Rates for December 17, 2024
The State Bank of Pakistan (SBP) has released the official foreign exchange rates for December 17, 2024, providing a critical…
Workers’ Remittances Surge to USD 2.9 Billion in November 2024
In a significant boost to Pakistan’s foreign exchange reserves, workers’ remittances reached an inflow of USD 2.9 billion in November…
UAE’s Monetary and Banking Developments – August 2024 Highlights
The Central Bank of the UAE (CBUAE) released its monetary and banking development report for August 2024, highlighting key trends…
SBP Foreign Reserves Reach $11.5 Billion, Highest in Over 31 Months
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) witnessed a notable increase of $131 million in…
Silkbank’s Losses Surge by 87% to Rs. 12.3 Billion in 2021
Silkbank Limited (PSX: SILK) has released its financial results for the fiscal year ending December 31, 2021, reporting a significant…
NBP Sells Entire Stake in Agritech Limited, Completes Divestment Process
The National Bank of Pakistan (NBP) has completed the divestment of its entire stake in Agritech Limited (PSX: AGL), marking…
PSX Faces Bearish Start to the Week, Drops 178 Points Amid Investor Caution
The Pakistan Stock Exchange (PSX) kicked off the week on a bearish note as the market saw a significant dip…
BISP to Expand Reach and Increase Benefits: Senator Rubina Khalid Announces Major Updates
Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP), announced on Thursday that the program will significantly expand…