Money & Banking Dollar slips before Fed meeting statement NEW YORK: The dollar slipped on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting,... Published 02 May, 2024 04:58am
Money & Banking Crypto washout sends bitcoin below $58,000 ahead of Fed decision LONDON: Bitcoin slid by almost 6 percent on Wednesday, having posted its worst monthly performance in April since... Published 02 May, 2024 04:58am
USA Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell Published 01 May, 2024 11:53pm
Money & Banking NBP continues to empower farmers, women with discounted loans KARACHI: The National Bank of Pakistan (NBP) is proudly expanding its agricultural loan programme and encourages... Published 01 May, 2024 04:14am
Money & Banking China’s yuan slips from 1-month high SHANGHAI: China’s yuan pulled back against the dollar on Tuesday, having hit one-month high a day earlier as... Published 01 May, 2024 04:14am
Money & Banking SBA final tranche: SBP says it has received $1.1bn from IMF Amount will reflect in central bank's foreign exchange reserves for week ending on May 3 Updated 30 Apr, 2024 09:09pm
Money & Banking Yen retreats after US data NEW YORK: The yen stumbled against the dollar on Tuesday, relinquishing some of its sharp gains in the prior session... Published 01 May, 2024 04:14am
Money & Banking 1Q results for 2024: Soneri Bank announces PBT growth of 31.91pc YoY KARACHI: The Board of Directors (BoDs) of Soneri Bank Limited, in their 204th meeting held in Karachi on 30th April... Published 01 May, 2024 04:14am
Business & Economy Finance ministry sees headline inflation decelerating further to 18.5-19.5% in April Expects further easing to 17.5-18.5% in May 2024 Updated 30 Apr, 2024 10:37pm
Money & Banking Binance’s CEO Zhao faces sentencing over money laundering violations NEW YORK: The former chief executive of Binance, the world’s largest cryptocurrency exchange, could face years in... Published 01 May, 2024 04:14am
Money & Banking BankIslami’s Profit Before Tax reaches Rs6.3bn KARACHI: Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a... Published 30 Apr, 2024 03:43am
Money & Banking HBL to inject up to Rs6bn equity in its microfinance bank The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks, has approved an equity... Updated 30 Apr, 2024 10:41pm
Money & Banking Banking Mohtasib provides Rs1.26bn relief to customers in 2023 KARACHI: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs1.26 billion to the... Published 30 Apr, 2024 03:43am
Money & Banking Indian rupee logs sharpest daily decline on dollar demand MUMBAI: The Indian rupee ended lower on Monday, its worst intraday fall in more than two weeks, pressured by... Published 30 Apr, 2024 03:43am
Money & Banking SCBPL delivers strong financial performance KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth ... Published 30 Apr, 2024 03:43am
Business & Economy 7th straight status quo: SBP holds key interest rate at 22% Upcoming budgetary measures may have implications for the near-term inflation outlook, Monetary Policy Committee says in press release Updated 29 Apr, 2024 09:53pm
Money & Banking Global Basel Committee bolsters rules for supervising banks LONDON: The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting... Published 29 Apr, 2024 04:49am
Money & Banking Board of Directors of Al Baraka Bank meets finance minister ISLAMABAD: The Board of Directors of Al Baraka Bank (Pakistan) Limited met with Federal Minister for Finance and... Published 30 Apr, 2024 03:43am
Money & Banking Japanese yen surges against dollar NEW YORK: Japan’s currency surged as much as 5 yen against the dollar from a fresh 34-year low hit earlier on... Published 30 Apr, 2024 03:43am
Money & Banking Pakistani banks should set up branches in Addis Ababa: envoy FAISALABAD: Pakistani banks should establish their branches in Addis Ababa to handle business related transactions,... Published 29 Apr, 2024 04:49am
Money & Banking Yuan stutters near 5-month low SHANGHAI: China’s yuan hovered near a five-month low against the dollar on Monday after the central bank set the... Published 30 Apr, 2024 03:43am
Money & Banking Religious scholar throws lights on importance of Islamic banking system HYDERABAD: Mufti Shaikh Sufyan, Shariah scholar, Faisal Bank Hyderabad said that interest is a declaration of war... Published 29 Apr, 2024 04:49am
Money & Banking Most Asian currencies muted ahead of Fed decision BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further... Published 30 Apr, 2024 03:43am
Money & Banking Yuan near five-month low against dollar HONG KONG: China’s yuan hovered near a five-month low against the dollar and traded a whisker away from its daily... Published 29 Apr, 2024 04:49am
Money & Banking Indian rupee ends little changed MUMBAI: The Indian rupee closed little changed on Friday but logged its strongest week-on-week rise in nearly three... Published 29 Apr, 2024 04:49am
Money & Banking Empowering agricultural future: ABL Islamic Banking Group arranges awareness session LAHORE: Allied Bank (ABL) Islamic banking group recently invited Rozena Saleha, CEO of Kalam4Solutions and her team... Published 27 Apr, 2024 05:03am
Money & Banking BOP announces 67pc growth in profit before tax in 1Q of 2024 LAHORE: A meeting of the Board of Directors of The Bank of Punjab was held on Friday to consider and approve the... Published 27 Apr, 2024 05:03am
Money & Banking Japan’s yen hits new 34-year low NEW YORK: The dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by US inflation ... Published 27 Apr, 2024 05:03am
Money & Banking Asian currencies subdued after mixed US data BENGALURU: Most Asian currencies were subdued on Friday as mixed US data solidified bets of fewer rate cuts, while... Published 27 Apr, 2024 05:03am
Money & Banking India’s foreign exchange reserves drop to six-week low MUMBAI: India’s foreign exchange reserves fell for a second consecutive week and stood at a six-week low of $640.33... Published 26 Apr, 2024 05:52pm