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Karachi, Askari Bank Ltd. (AKBL) has announced an increase in its dividend distribution for the year 2024, setting the rate at 25%, an improvement from the 15% bonus distribution reported in 2023. The bank's daily weighted average share price was recorded at 20.16 PKR. With a paid-up capital of 14,492.99 million PKR, Askari Bank maintains a significant stake in Pakistan's banking sector. The financial report released to the Pakistan Stock Exchange revealed an earnings per share (EPS) of 11.16 PKR for the January-February 2024 period. Established in 1992, AKBL has consistently contributed to the country's banking landscape, showcasing a positive trajectory in its financial outcomes.
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Inflation Rate Drops to 23-Month Low in April, Anticipates Central Bank Easing
New York, The consumer price index (CPI) for April 2024 is projected to rise to 17.6%, marking a 23-month low, and is expected to further expand the positive real interest rate (RIR) by an additional 310 basis points (bp).
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The post Inflation Rate Drops to 23-Month Low in April, Anticipates Central Bank Easing appeared first on Pakistan Business News.