SBP reserves decreased by US$ 72 million
The total liquid foreign reserves held by the country stood at US$19,495.6 million as of 01-Aug-2025. The breakdown of the foreign reserves position is as follows: Foreign reserves held by…
MCB Bank delivers Rs. 58.06 Billion PBT in H1 2025
The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian Mohammad Mansha, reviewed the Bank’s performance and approved the condensed interim financial…
Bank Alfalah reported PAT of PKR 15.27 bn for the 1H2025
Islamabad, July 31 2025: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on July 31, 2025, approved the Bank’s financial results for the half year…
HBL’s H1’25 profit before tax rises to Rs 75.3 billion, up 30% YoY
HBL today declared a record consolidated profit before tax of Rs 75.3 billion for the half year ended June 30, 2025, 30% higher than in the same period last year.…
Maintaining interest rate at 11% disappointing, business community’s concerns ignored: KATI
President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has expressed deep disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy interest rate…
PCDMA chief criticizes SBP for maintaining 11% interest rate
Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy interest rate…
High interest rate unjustified despite lower inflation, says SAI President
The President of SITE Association of Industry, Ahmed Azeem Alvi, has expressed deep concern over the State Bank of Pakistan’s decision to maintain the policy rate at 11 %. In…
Rising unemployment is increasing poverty: Mian Zahid Hussain
The Chairman of the National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of the All Karachi Industrial Alliance, the Chairman of the FPCCI…
MPC decided to keep the policy rate unchanged at 11 percent in its meeting today.
The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11 percent in its meeting today. The Committee noted that inflation in June 2025 decelerated to 3.2…
IWCCI urges a six percent interest rate to revive the economy
Founder President of the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) and United Business Group leader Samina Fazil has called on business organizations to jointly demand a reduction in…
Meezan Bank’s Visa Infinite Card offers a Visa Global eSIM
Meezan Bank, Pakistan’s first and largest Islamic bank, becomes the first bank in the country to roll out Visa’s latest digital innovation: – the Visa Global eSIM for its Visa…
Interest rate must be brought to a single digit to ensure economic survival – Saleem Memon
President of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has strongly urged the State Bank of Pakistan (SBP) to immediately bring down the prevailing…
NKATI demands an interest rate cut for industrial growth and economic recovery
Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has urged the State Bank of Pakistan to announce a reduction of at least 2 to…
KATI urges a significant cut in interest rates ahead of the July 30 MPC Meeting
Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has called for a substantial reduction in the policy interest rate in the upcoming Monetary Policy Committee (MPC)…
Bilwani urges SBP to drastically cut interest rate to spur industrial growth, economic revival
President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, has strongly urged the State Bank of Pakistan (SBP) to announce a substantial cut in the key policy rate,…
Zubair Tufail urges SBP tocut policy rate by 4–5% to boost economic evival
President of the United Business Group (UBG) and former President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zubair Tufail, has called on the State Bank of…
Engro Fertilizers and Bank Alfalah partner to launch PKR 250m Financing for farmers
Engro Fertilizers, a major fertilizer company in Pakistan, and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending…
MG Motors and Bank Alfalah launch a ‘Freedom Package’
MG Motors Pakistan, in partnership with Bank Alfalah, announces the launch of the ‘Freedom Package’ - a time-bound Independence Day offer running from July 15 to August 15, 2025. The…
The interest rate should be brought down to 6% to boost the industry, Malik Khuda Bakhsh
President of Pakistan Business Forum (PBF) Karachi Division, Malik Khuda Bakhsh, has supported the demand made by United Business Group’s Patron-in-Chief, S.M. Tanveer, to reduce the interest rate to 6%…
Foreign reserves held by the SBP : $14.4566 billion
The State Bank of Pakistan (SBP) has released foreign reserve data today. The total liquid foreign reserves held by the country stood at US$19,917.5 million as of The State Bank…
Al Baraka Bank selects PTCL for colocation Primary Data Center
Pakistan Telecommunication Company Limited (PTCL) and Al Baraka Bank Pakistan Limited have signed an agreement for the provision of primary Data Center colocation services at PTCL’s Tier-III Data Center facility.…
SBP releases an advanced calendar of MPC meetings for FY26
In line with the SBP’s Strategic Plan – Vision 2028 – and to enhance transparency in the monetary policy formulation process, the SBP will publish a Monetary Policy Report (MPR)…
PQAMC saw strong FY2025 performance with 117% AUM growth
Pak-Qatar Asset Management Company Limited (PQAMC)-rated AM2 with a Stable Outlook by PACRA and part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group, has achieved another remarkable…
Economic stability at risk if exchange rate is manipulated – warns Ex-Minister
The country is on track for positive economic development and growth, and any attempt to manipulate the exchange rate by any segment must be strongly resisted, as it would risk…
SBP reserves increased by US$ 23 million
The total liquid foreign reserves held by the country stood at US$19,957.1 million as of July 11, 2025. The break-up of the foreign reserves position is as under: Foreign reserves…
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