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Global Footprint: BOP to establish Wholesale Banking Unit in Bahrain and Representative Office in UAE”

The Board of Directors of the Bank of Punjab (BOP) has approved the business plan to establish a Wholesale Banking Unit in the Kingdom...

MARI’s subsidiary secure mineral exploration licenses in the Chagai district of Balochistan.

The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses EL-322 and EL-323, and allotted area of 501.03 sq. km and 512.76...
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Politics
News Desk

President Alvi approves Justice Qazi Faez Isa’s appointment as next CJP

President Arif Alvi Wednesday approved senior puisne judge Justice Qazi Faez Isa's appointment as the next chief justice of Pakistan. The appointment will be effective...
News Desk

Supreme Court to take up pleas against military courts

Chief Justice of Pakistan (CJP) Umar Ata Bandial on Wednesday constituted a nine-member larger bench to hear petitions against the trial of civilians in...
News Desk

Current Account Surplus clocked in at $255Mn in May 2023

The current account surplus for the month of May 2023 witnessed a notable surge of 3.26x MoM to stand at $255 million compared to the surplus...
News Desk

CPI Inflation increased to 27.6% in January 2023

CPI Inflation increased to 27.6% on YoY basis in Jan 2023 as compared to an increase of 24.5% in Dec'22 & 13.0% in SPLY....
News Desk

Pakistan economy: State Bank of Pakistan to continue with monetary tightening

Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like Karachi Interbank Offered...
News Desk

SBP has raised the Interest rate by 100BPS to 17%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting has decided to raise the policy rate by 100 basis...