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Bank profits surge 83pc in 2023 - Business

Banking is the only attractive sector which earned profits despite a negative growth rate in FY23. ....

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What happens if Pakistan defaults on debt?

Looming default can spark shortages of food, medicines, and fuel, as Pakistanis face devastating consequences ....

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Govt's super tax: Analysts see slight impact on corporate earnings

Analysts are mixed on the imposition of an extra 10 per cent super tax as the optimists don’t see a huge impact ....

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Bank deposits, investments surge in FY21 - Newspaper

Salman Khan
KARACHI: Bank deposits grew 22 per cent year-on-year fuelling both the investment and advan-ces in the just-ended fiscal year 2020-21.
According to the State Bank of Pakistan data, the banking sector deposits continued to rise reaching Rs19.795 trillion by June 30.
Bankers believe that the growth in deposits was due to record 27pc increase in remittances and a drop in consumption by the general public due to coronavirus. The data reflected that deposits increased by 10pc on a month-on-month basis.
The data showed that the credit demand also increased during the year.
The advances rose by 10pc on year-on-year basis at the end of the fiscal year on June 30. The gross advances were Rs8.996tr. The advances increased by 2pc month-on-month in June. ....

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Suzuki Cultus may get cheaper by Rs150,000

Suzuki Cultus may get cheaper by Rs150,000
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