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BUSINESS
Faysal Bank posts 67% growth in profit
ISLAMABAD: 23,2023: Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last year.
The Board of Directors of FBL, in their…
USD goes further down; Other currencies also lose value today
KARACHI; Feb 15, 2023, US dollar depreciated further in interbank by one and half rupee. US currency value got down to Rs 265.50 (buying) and Rs 266.50 (selling) in interbank.
In open market , US dollar depreciated by Rs
266.50…
PKR makes major gain against USD today. Latest update here
KARACHI; Feb 14, 2023, US dollar depreciated in interbank on Tuesday in the local market by two rupee. US currency value got down to Rs 267 (buying) and Rs 268 (selling) in interbank.
In open market , US dollar depreciated by Rs
268…
Downward trend in worker remittances continues; down by 13.1 % in January
KARACHI: Feb 13, 23: The Workers’ remittances recorded an inflow of US $1.9 billion during Jan 23.
During Jan 23, remittances decreased by 9.9 percent on m/m and 13.1 percent on y/y basis.
With cumulative inflow of US$ 16 billion…
Ping-pong in Pakistan gold market continues. Check latest rate here
RAWALPINDI : Feb 4,2023: A ping-pong in the local gold market is continuing without any break.
Gold, which had shot up to Rs 207000 a tala of 24 karat the other day in local market, bounced back on Saturday to settle at Rs 202000 in the…
Pound, Euro , USD smash rupee ; check latest rates here
KARACHI: Feb 2,2023: US dollar value again increased in interbank today . Its rate increased by two rupees in interbank to surge to Rs 268 (buying). US dollar selling value in interbank also jumped up. Its interbank selling rate increased…
Gold, USD up again; latest rates are here today
RAWALPINDI/KARACHI ; Feb 1,2023: After a hiatus of one day gold and US dollar have bounced back to resume gaining streak .
Gold rate once again soared to Rs 208400 for a tola for 24 karat in Karachi.
Today US dollar appreciated by…
Pound, Euro , UAE dirham , Saudi Riyal lose value , USD stays stable in currency market today
KARACHI: Jan 31,2023:After a long gaining streak spanning over more than a month,
US dollar value witnessed stability in interbank on Tuesday.
US dollar did not show any change in value against the rupee in interbank and it is trading…
Prominent business leader Mian Akram Farid warns govt of serious repercussions of high fuel cost
ISLAMABAD : Jan 30,2023: All Pakistan Hotels Association vice chairman , Mian Akram Farid has said that the declining foreign exchange reserves of the State Bank of Pakistan (SBP) which have reduced to the lowest level of about 3.7 billion…
SBP rebuffs reports of $ 3 billion loss due to capping of dollar
KARACHI: Jan 29,2023. The State Bank of Pakistan ;(SBP) rebuts the claim that capping the price of dollar caused loss of $3 billion in remittances and
exports
There has been a narration in print & electronic media that suggests that…
