Financial sector resilient despite tightening of macro-financial conditions: SBP report
KARACHI: The State Bank of Pakistan (SBP) has issued its flagship annual publication (Financial Stability Review, FSR) for the calendar year 2017...
Financial sector remains resilient despite tightening of macro-financial conditions: report
State Bank of Pakistan’s (SBP) annual publication Financial Stability Review (FSR) suggests that the level of overall risks to financial stability, as measured by Financial Vulnerability Index, has bottomed out in the calendar year 2017.
China plans $60 billion tariffs on US goods in trade blitz
BEIJING/SINGAPORE: China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas (LNG) to some aircraft on...
Dollar stays firm on U.S.-China trade war worries
The dollar index, which measures the greenback against a basket of six other currencies, hit a fresh two-week high of 95.211
Finance Minister chairs NEC meeting to outline steps for FATF action plan
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar chaired a meeting of the National Executive Committee (NEC) here on Thursday.
NEC is a high-level body established to...
Switzerland never offered to return Pakistanis’ assets in its banks: FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has refuted that Switzerland never offered to return even a single dollar of Pakistanis deposited...
SBP’s foreign reserves increase by $10,350m in one week
LAHORE:Â According to a notice by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at...
Asad Umar considers massive privatisation drive via ‘wealth fund’
ISLAMABAD: Asad Umar, the man most likely to be the next finance minister of Pakistan, in an interview with the Financial Times,...
HBL declares consolidated after-tax profit of Rs8b
KARACHI: Habib Bank Limited (HBL) on Thursday declared a consolidated profit after tax of Rs8.1 billion, with earnings per share for first half of...
Apple hits $1 trillion stock market valuation
SAN FRANCISCO: Apple became the first $1 trillion publicly listed US company Thursday, crowning a decade-long rise fueled by the ubiquitous iPhone...
Foreign reserves enough to meet payments, PML-N govt’s budget ‘unrealistic’: Dr Shamshad Akhtar
ISLAMABAD: Caretaker Minister for Finance, Planning, Development and Reforms Dr Shamshad Akhtar Thursday said, currently foreign exchange reserves of the country stood...
Country’s dollar reserves jump by $1.339b to $17.079b
KARACHI: The dollar reserves of the State Bank of Pakistan (SBP) jumped by $1.339 billion during the last week and stood at...
MCB Bank announces financial results for half year ended June 30
LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on August 01, 2018 to...
Pak Suzuki increases prices on its models by Rs20,000 to Rs45,000
KARACHI: Following the rupee devaluation of up to 15-17 per cent, Pak Suzuki Motor Company Ltd (PSMCL) has increased its car prices...
Market Daily: PSX wraps up with sluggish display, ending in green
LAHORE: The Pakistan Stock Exchange (PSX) put up a confused show on Wednesday. Indices swayed in both directions but managed to close...