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In 2016, HBL AMC acquired PICIC Asset Management for PKR 4.1 billion. [40] In 2020, HBL received approval from the State Bank of Pakistan to inject PKR 500 million in HBL AMC. [41] As of December 2024, HBL AMC had PKR 320 billion (USD 1.3 billion) in assets under management, making it the fourth largest AMC in Pakistan. [42]
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
HBL Microfinance Bank Ltd (HBL MfB) is a Pakistani microfinance bank headquartered in Islamabad. [ 2 ] [ 3 ] HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country [ 4 ] with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP).
And the federal government has been ordered to completely abolish interest rates and implement a usury-free banking system in the country within a period of five years. [2] On June 25, 2022, State Bank of Pakistan along with four other banks challenged the decision of the Federal Shariah Court against interest in the Supreme Court. [3]
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale ...
The Federal Budget 2013–14 [1] was the federal budget of Pakistan for the fiscal year beginning from 1 July 2013 and ending on 30 June 2014. The budget was presented by Finance Minister Ishaq Dar on 12 June 2013 during a session of the National Assembly .
Intragovernmental debt accounts for about $6.8 trillion of the national debt, the CRFB reported in September when the debt crossed the $33 trillion mark. The much bigger piece of the debt is held ...
After the privatisation scheme was announced in 1991 by the Pakistani Government, Habib Group was the first to be granted permission to start a private bank, the Bank AL Habib Limited. Under the privatisation policy of the Government of Pakistan, the Dawood Habib Group was granted permission to set up a commercial bank.