Karachi, September 29, 2023: The Pakistani rupee on Friday claimed the title of being the best-performing currency in the world for the month of September, after reaching a seven-week high against the US dollar, closing at the rate of Rs 287.74. According to the State Bank of Pakistan (SBP) reports, the Pakistani rupee made significant…
KARACHI: In spite of the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23. According to Arif Habib Limited, the growth in profitability (PAT)…
Karachi, Septmeber 27, 2023: Digital transactions continued growth trajectory owing to the increased consumers’ preference for digital channels of mobile and internet banking for meeting their financial needs. Overall, mobile and internet banking transactions witnessed an annual growth of 57 percent by volume and 81 percent by value during the last fiscal year (FY23). The…
The winning team will be given five million rupees. The runner-up team will be entitled to two million rupees. Twelve teams from across the country will participate. The event is welcome, leader MQM Dr. Farooq Sattar and President PTPL Khurram Majeed address Karachi: The opening ceremony of Pakistan Tapball Premier League was held in a…
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,…