KARACHI, September 18, 2023: Pakistan’s textile exports recorded a decline of 8 percent YoY in Aug’23 to clock in at $1.4 billion as against $1.6 billion in same period of last fiscal year. The decline is mainly attributable to muted export orders amid global economic recession, as well as a challenging domestic environment. Segment wise,…
KARACHI, September 18, 2023: Pakistan Stock Exchange (PSX) witnessed a slight uptick on the first day of the week, closing the benchmark KSE-100 index at 45,803 points, signifying a 0.11 percent increase, equivalent to a gain of 49 points. Throughout the trading session, the market index remained relatively stable, with investors displaying limited enthusiasm. Banks, E&P,…
KARACHI, September 18, 2023: The SBP Banking Services Corporation (SBP BSC) has launched the Agriculture Finance Literacy Program (AFLP) through a series of five workshops conducted nationwide. This flagship initiative, as recommended by the Agricultural Credit Advisory Committee, seeks to raise awareness among the farming community regarding available financial schemes and government-driven initiatives. AFLP stands…
Karachi, September 18, 2023: The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement marks a significant step taken by KMBL to incorporate partners from the digital payments industry to transform its infrastructure, thereby facilitating…