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Banks post modest increase in profits

The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties. The…

New funding partnership with World Bank by Dec

ISLAMABAD: The World Bank is expected to provide over $2 billion annually to Pakistan for five years under its next Country Partnership Strategy (CPS), which will likely be finalised by December. This was indicated to journalists on Tuesday by a…

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