Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

PM, Chinese Vice President launch four mega CPEC projects

Both the dignitaries unveiled the plaques of the four projects at a ceremony held here during the visit of the Chinese vice president who is here on a three-day visit.

Govt sets Rs5.5tr revenue target in upcoming budget

At the time, Shaikh said the “basic purpose” of the scheme was not to generate revenue — as media reports had speculated — but to bring dead assets into the economy and make them functional.

SBP re-launches issuance of fresh currency notes

The service will be provided through 1702 e-branches and 16 SBP offices across Pakistan to ensure maximum geographical coverage.

SBP raises interest rate to 12.25pc as economic slowdown continues

KARACHI: The State Bank of Pakistan (SBP) on Monday increased its benchmark interest rate by 150 basis points (bps) to 12.25 per...

PTI finalises a revamped version of PML-N’s youth loan scheme

ISLAMABAD: The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme,...

IDB reiterates commitment to Pakistan’s socio-economic uplift

ISLAMABAD: Islamic Development Bank (IDB) President Dr Bander M H Hajjar has said that IDB Group's relationship with Pakistan spanned over 40 years...

Faysal Bank planning 200 new branches in Pakistan

As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the...

IMF man to head State Bank of Pakistan

IMF's resident director for Egypt Dr Reza Baqir appointed as governor of central bank for three years Dr Ahmed Mujtaba Memon...

Govt fixes Nisab-e-Zakat at Rs44,415

The Ministry of Religious Affairs and Interfaith Harmony has fixed Nisab for deduction of Zakat from the bank accounts for the lunar...

IDB committed to enhancing economic cooperation with Pakistan

ISLAMABAD: Islamic Development Bank (IDB) President Dr Bandar M H Hajjar said on Thursday that the bank would extend all possible cooperation for...

Bank AL Habib’s profit before tax increases 30.5pc in 1st quarter

The Board of Directors of Bank AL Habib Limited announced the financial results for the period ended March 31, 2019. As per the...

BankIslami posts Rs251m profit after tax in 1st quarter 2019

The Board of Directors (BoD) of BankIslami has approved the bank's first quarter financial statements for the period ended March 31, 2019. The...

HBL collaborates with Visa to launch QR payments service in Pakistan

HBL, Pakistan's leading bank in the digital space, and Visa, the world leader in digital payments, have collaborated to launch Visa on...

MCB Bank reports 24pc growth in profit before tax

The bank declares an interim cash dividend of Rs4 per share for the 1st quarter of 2019 The Board of Directors of...

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PRA collection registers 24pc growth in first half FY20

LAHORE: The Punjab Revenue Authority (PRA) has collected Rs53.2 billion during the first six months of the current fiscal (2019-20), posting an increase of...