Karachi: The State Bank of Pakistan has announced a new regulatory floor for financial institutions, setting a minimum amount of 115,000 units across three institutions, according to a recent press release from the bank.
This decision marks a shift …
KARACHI: The Sindh government has reiterated its commitment to fostering industrial growth and supporting the business community, with Sindh Minister for Information and Transport Sharjeel Inam Memon emphasizing the need for enhanced facilities to boo…
Karachi: The Pakistani auto industry is poised for a surge in profitability during the first quarter of fiscal year 2026, according to a report by AKD Securities Limited. The report forecasts a 25 percent year-on-year increase in earnings, amounting t…
Karachi: MCB Bank Limited has reported its financial results for the third quarter of the calendar year 2025, revealing a net profit after tax of PKR 15.2 billion. This figure marks a 16% decrease compared to the same period last year, though it shows…
Karachi: The State Bank of Pakistan has released the latest exchange rates for major currencies, providing the financial sector with updated figures for both buying and selling transactions.
According to the figures released, the buying rate for the…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for October 22, 2025, revealing a continued struggle for the Pakistani rupee against major global currencies. The US dollar was buying at 28…
Lahore: MCB Bank Limited has announced a Profit Before Tax of Rs. 87.48 billion for the first nine months of 2025, alongside a third interim dividend of 90%, as reported by the Board of Directors under the leadership of Chairman Mian Mohammad Mansha. …
Karachi: Meezan Bank and Naya Nazimabad have announced a strategic partnership to launch Pakistan’s first Islamic home financing facility for under-construction projects. The initiative, structured under the State Bank of Pakistan’s guidelines, aims t…
Karachi: Additional Director General (South) of the Federal Investigation Agency (FIA), Mujahid Akbar Khan, announced a significant shift in the notice-issuing authority within the agency, transferring it from Investigation Officers to Deputy Director…
Islamabad:Minister for National Food Security and Research, Rana Tanveer Hussain, has emphasized the importance of developing a sustainable wheat surplus to cater to global markets and food-deficit countries. He made these remarks during a meeting wit…
