Business
Upcoming Monetary Policy will be announced soon
Karachi, November 19, 2019: In the last Monetary Policy announcement, they kept the interest rate unchanged at 13.25 percent, is little chance for downward change in the interest rate in the forthcoming Monetary Policy. Ateeq Ur Rehman (Economic & Financial Analyst) requested for reduction in the interest rates. He said that the hike in interest rate…
Pakistan stock exchange robust recovery on Wednesday
Karachi, November 13, 2019:Bears were defeated in today’s trading as market witnessed a robust recovery. Although the market opened negative, touching a low of -285 points, it later recovered as institutional participation shifted the market into green trajectory and the index made an intraday high of +524 points to close at 37,167 (+401 points) level….
SBP posts Rs one billion loss in FY19
KARACHI, October 30, 2019: The State Bank of Pakistan (SBP) has incurred net loss of Rs 1.043 billion (consolidated) in the FY 19 as compared to a profit of Rs 175.673 billion in the FY18. According to Annual Performance Review of SBP for the year FY19, the decline is primarily attributed to exchange loss of…
Nine-months financial results for september 30, 2019
Karachi, October 30, 2019: Meeting of the Board of Directors (BoD) of National Bank of Pakistan was held today i.e. October 29, 2019 at the bank’s Head Office in Karachi in which the BoD approved financial statements of the bank for the nine-months period ended June 30, 2019. For the nine-months period, total income of…
Standard Chartered Pakistan announces results for the period ended 30 September 2019
Karachi, October 29, 2019: Standard Chartered Bank (Pakistan) Limited today announced its results for the nine months period ended 30 September 2019. A strong performance by the Bank led to a growth of 56per cent in profit before tax to PKR 19.8 billion. Overall revenue growth was 41per cent, whereas client revenue increased by 32per…