Tag: FinancialNews
Fuel issues cause PIA losses to increase to Rs 10 billion.
The massive loss to the already losing government organization is attributed to the current administration of the national flag carrier, according to Safdar Anjum,...
Government “nod” for Rs20 billion bank loan to PIA
Due to fuel shortages, Pakistan International Airlines has canceled more than 500 flights in the last 11 days, putting the airline in danger of...
Askari Bank to Establish a Trading Firm
With a Rs. 1 billion authorized capital, Askari Bank Limited (PSX: AKBL) plans to create an exchange company, the bank said to the Pakistan...
SME Bank will be shut down entirely in the coming days.
On Wednesday, the Small and Medium Enterprises (SME) Bank informed the Senate Standing Committee on Finance that it would soon be shut down entirely.SME...
Inflation to start going down in November: SBP
Despite the improvement in the USD exchange market, the State Bank of Pakistan (SBP) forecast that the inflation rate would begin to decline in...
PIA’s bank accounts were unfrozen by FBR.
In light of Pakistan International Airlines' (PIA) financial situation and cash flow issues, the Federal Board of Revenue (FBR) has de-attached its bank accounts.The...
Massive Rs. 700 billion drop in Pakistan’s cash economy in the...
In Pakistan, the documented currency in circulation (CiC) has fallen to Rs. 8.5 trillion, reflecting a significant decline in both informal cash holdings and...
Interbank pressure on the Pakistani rupee remains high versus the US...
The Pakistani rupee continued to decline against the US dollar on Monday, the first working day of the week.The rupee was trading at 301.1...