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…
Rupee Ends Week With Massive Gains Against British Pound
The Pakistani rupee (PKR) ended the week with significant gains against the US Dollar, opening trade at 278 in the…
RDA Inflows Fall 11%, Total $200 Million in June
Inflows through the Roshan Digital Account (RDA) totaled $200 million in June 2024, marking an 11% decline compared to the…
5 Chinese Firms Bid to Help Pakistan Raise Funds Via Panda Bonds
Five Chinese firms have submitted bids to assist Pakistan in raising funds through Panda bonds as the country prepares to…
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 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…