Pakistani expatriate Arifa, 47, Indian national Shabbir, 36, and Filipino expat Merrick, 59, all committed to pay it forward and spread kindness.
Economy
The tenor for this loan’s return is one year and it has to be paid in a single tranche under the “Rules and Laws of the Kingdom of Saudi Arabia,” but Finance Minister said the repayment period can be extended through bilateral negotiations.
In Sept 2021, the MSCI officials started discussions with investors pertaining to Pakistan’s inclusion in the Frontier Markets 100 Index.
According to SBP total liquid reserves of Pakistan have increased to US$ 23,720 million.
According to SBP, the total liquid foreign reserves held by the country stood at US$ 23,720 million as of 04-February-2022.
In term of profit, Habib Bank Limited, MCB Bank, United Bank Limited, Allied Bank are the top banks which report higher annual profits in comparison with medium and small banks operating in Pakistan.
Finance Minister made it clear that if the international market witnesses a hike in prices, the government will have to shift this burden onto the consumers.
The UBL management has shared this development with its shareholders and the Pakistan Stock Exchange (PSX) to fulfill a regulatory requirement.