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Day: April 24, 2024

Standard Chartered Pakistan Explains Reason Behind Recent Increase in Share Price

April 24, 2024 by businessobserver

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has attributed the recent ‘unusual movement’ in its share price to the bank’s strong financial performance in the calendar year ending December 31, 2023 (CY23).

‘We understand that the positive…

Categories Industry

Rupee Crashes Against Australian Dollar, British Pound

April 24, 2024 by businessobserver

The Pakistani rupee fell third day in a row against the US Dollar after opening trade at 278 in the interbank market.

It was largely stable against the greenback but crashed against other major currencies today.

The interbank rate stayed at 278.5 m…

Categories Industry

International Reporting Standards Critical to Modernizing Insurance Industry: SECP Commissioner

April 24, 2024 by businessobserver

Aamir Khan, Commissioner Insurance at SECP stated that the adoption of international reporting standards for modernizing Pakistan’s insurance industry is a critical priority for SECP as a regulator of the insurance sector.

He was delivering the keyn…

Categories Industry
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