ISLAMABAD — The Pakistani rupee on Wednesday hit another historic low of Rs173.47 against the US dollar. The Pakistani currency suffered this blow amid uncertainty surrounding the ongoing talks between IMF and Pakistani officials on the release of another tranche of the bailout ...

 KARACHI - HBL today declared a consolidated profit before tax of Rs 46.4 billion for 9M’21, a growth of 8% over the same period last year. Profit after tax increased to Rs 27.0 billion, with earnings per share increasing to Rs18.21 in 9M’21 compared to Rs 17.17 in 9M’20. The ...

KARACHI - UBL and OP Digital Services (OPay) have agreed to join hands for a strategic collaboration in the areas of merchant acceptance (point-of-sale acquiring) and financial inclusion (branchless banking). OPay is a Fintech company based out of Beijing, China, having a presence across Africa and ...

The Lahore High Court (LHC) has summoned the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), Finance Ministry and the Federal Investigation Agency (FIA) to explain the steps they have taken to restrict cryptocurrency transactions. The SBP or SECP have yet to ...

KARACHI — Pakistan’s increasing trade and current account deficits have forced the State Bank of Pakistan (SBP) to slow down the import growth with changes in prudential regulations and reduce the financing limit and period, particularly for imported vehicles. The central bank on ...