Habib Bank Ltd. Bahl, a leading private bank in Pakistan, has announced its exit from Kenya, which made its occurrence for seven years in East Africa. This step is part of the broader global restructuring plan for the bank that aims to unify international operations and improve total efficiency. According to the general notice indicated … Read more
The banks listed in Pakistan witnessed a 14 % increase in profitability on an annual basis during the first quarter of 2025 (1Q2025), as it amounted to 173 billion rupees. Topline. The net interest revenues in the sector (NII) increased by 23 % year on an annual basis to 536 billion rupees, driven by volumetric … Read more
At the last International Monetary Fund (IMF) and the World Bank Spring meetings in Washington, global financial leaders sought clarity on the economic impact of President Donald Trump’s aggressive policies. However, many left with more questions than answers. The US administration tariff strategies were created, including 25 % tax on vehicle, steel and aluminum imports, … Read more
The President of the Swiss National Bank (SNB), Martin Sheliel, rejected the calls of the Central Bank for Bitcoin in his reserves, noting fears of liquidity and severe fluctuations in encrypted currencies. SNB’s rejection of the increasing pressure from the advocates of the cryptocurrency, who argued that bitcoin could be a hedge against global economic … Read more
Washington, DCThe central bank said on Saturday that the ruler Jamil Ahmed from the State Bank in Pakistan (SBP) reaffirmed again improving the stability of Pakistan, the total economy and economic expectations during a series of high -level links with senior executives from the leadership of global financial and investment institutions. The meetings – which … Read more
Lahore: The task of supporting the World Bank’s implementation of the National Health Support Program (NHSP) has concluded with a special session, stating the restructuring plan aimed at accelerating the reforms in primary health care throughout the province. Headed by Dr. Jahanzib Hussein Labar, an additional secretary (header programs)/project manager NHSP, the session brought together … Read more
Pakistan Pakistan Public Procurement (PPR), in cooperation with the World Bank, launched an in -depth consultation on capacity building for public purchasing practices that aim to develop a framework for efficiency and approved training units. As part of this effort, George Gadon, World Bank Adviser George Gadwoun, conducted extensive discussions with the administrative director of … Read more
Karachi: Bank Bank Limited (PSX: ABL) has a profit after a tax of 8.48 billion rupees for a quarter ending on March 31, 2025, a decrease of 26.97 % from 11.61 billion rupees in the same period last year. The share profits decreased to 7 rupees, compared to the RS10 in the first quarter of … Read more
The Minister of Finance and Federal Revenue, Senator Mohamed Uranzib, held decisive discussions with international leaders, including senior officials of the International Monetary Fund (IMF) and the World Bank Group, during his visit to Washington. The meetings focused on major issues such as economic reforms, climate flexibility, and development projects in Pakistan. A press release … Read more
Port Lewis: The Financial Crime Committee in the Indian Ocean nation in Ocean Ilanz said that the authorities in Mauritius arrested the former Finance Minister and the Central Bank ruler on Wednesday as part of the investigation of embezzlement in a government company. Former Central Bank governor Harrvish Sieglo and former Finance Minister Renjanaden Badayai … Read more