Non-performing loans (NPLs) disbursed by the banking industry surged by more than Rs. 70 billion in 2023, the latest data by the State Bank of Pakistan (SBP) showed.

In 2023, bad loans by the sector surged to Rs. 1.009 trillion, up by Rs. 71.3 billi…

The country borrowed just $6.899 billion from multiple financing sources during the first nine months (July-March) of the current fiscal year 2023-24 compared to $7.764 billion borrowed during the same period of 2022-23, representing 39 percent of th…

MCB Bank Limited (PSX: MCB) has approved the Scheme of Compromises, Arrangements and Reconstruction for converting 39 branches into Islamic banking entities, the bank informed the main bourse on Wednesday.

According to stock filing, the scheme has e…

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on April 24, 2024, reviewed the performance of the Bank and approved the condensed interim financial statements for the first quarter ende…

Pakistan has formally requested $3.5 billion funds from Saudi Arabia for the Diamer-Bhasha Dam.

Saudis will respond to this request after consulting with their financial advisor for the dam project. Pakistan’s financial advisor will engage with an a…

The All Pakistan Traders Association has threatened protests if traders’ concerns aren’t addressed by the government, with the date likely to be announced during a convention in May.

President Ajmal Baloch said this in reference to the Tajir Dost ta…

The price of gold in Pakistan rose slightly on Wednesday after losing over Rs. 11,000 per tola in the previous two days.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) increased by Rs. 1,100 per tola to Rs….

The Federal Investigation Agency’s (FIA) sources have revealed that the agency has taken action against a group involving private property dealers and officials from the Capital Development Authority (CDA).

The action was taken following a detailed …

Federal Minister of Industries and Production and National Food Security Rana Tanveer Hussain has said the government is committed to increasing the export of livestock from Pakistan since this sector contributes around 62 percent of the agricultural…

Experts at a high-level policy forum on Wednesday demanded of the International Monetary Fund (IMF) and other global finance lending institutions to ensure relief for growth in Pakistan keeping in view the plight of common masses and the prevailing e…