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 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…
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: Federal Tax Ombudsman Dr. Asif Mahmood Jah announced that his office resolved 57,000 taxpayer complaints during his four-year term, surpassing the 37,000 cases addressed by his predecessors over the past 21 years. This milestone was shared du…
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 State Bank of Pakistan (SBP) recently provided financial institutions with Rs. 12 billion through its overnight repo facility. The transaction, which took place on October 21, 2025, involved one institution availing itself of this liquidi…