The State Bank of Pakistan in its State of Pakistan’s Economy Report for H1-FY24 admitted that it doesn’t understand why the depreciation of the Pakistani Rupee (PKR) impacts inflation in the country.

‘The real effective exchange rate in Pakistan (R…

Faysal Bank Limited (FBL) Pakistan’s fastest-growing Islamic bank, inaugurated its Multan Regional Head office building, including a flagship branch for its Priority customers.

On the occasion, Mr. Yousaf Hussain, President and CEO, Faysal Bank, hos…

Living up to its reputation of creating revolutionary solutions and taking unprecedented initiatives, Salaam Takaful Limited has gone ahead and developed another first, not only in Pakistan but what is believed to be a first across the globe, a digit…

The Board of Directors of Searle Company Limited (PSX: SEARL) has in-principal approved the disposal of 100 percent shareholding/ control of Searle Pakistan Limited (SPL), the company informed the main bourse on Wednesday.

‘Furthermore, the Board of…

BAT, one of the world’s largest multi-category consumer goods companies, has officially launched its Global Business Solutions (GBS) hub in Lahore.

The grand event ‘Digital Destination Pakistan’ included a ribbon-cutting, a tour of the hub, and pres…

The Bank of Punjab, a Key player in Pakistan’s SME banking Segment, has joined hands with SME Finance Forum (SMEFF) managed by International Finance Corporation (IFC).

SMEFF is a global membership network dedicated to expanding access to finance for…

The federal government on Wednesday slashed prices of petroleum products for the next fortnight.

According to a notification issued by the finance ministry, the price of petrol has been decreased by Rs. 15.39 per liter to Rs. 273.10, while the price…

The Oil Marketing Association of Pakistan (OMAP) has demanded the federal government to release Rs. 90 billion in foreign exchange adjustments and tax refunds to the oil industry.

The association has appealed to Finance Minister Muhammad Aurangzeb t…

The government is working on a viable gas pricing plan for the fertilizer sector after discovering that producers have not passed on the benefits of subsidized gas to farmers.

The Economic Coordination Committee (ECC) recently emphasized the need to…

The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting a record profit of AED 18.7 billion ($5.1 billion), up 71 percent from the previous year.

The Group’s revenue rose by 15 percent to AED 137.3…