Pakistan updates guidance for Islamic banks’ external audits
Pakistan's central bank has updated guidance on Sharia governance for Islamic finance institutions, expanding the scope of external audits to help mitigate...
‘WB committed to strengthening Pakistan’s human capital, regional connectivity’
WASHINGTON:Â The World Bank is committing $465 million through two projects to support higher education in Pakistan and expand sustainable electricity trade between...
In sharp U-turn, monetary policy easing back in play across Asia
A softer dollar and lower oil prices played an important role in the turnaround. But crucially for Asia, regional growth engine China is having a worse than expected start to the year and is exporting disinflation to the rest of the region
Nothing has been decided yet, ADB announces
The Asian Development Bank (ADB) has distanced itself from the recent announcement of the government that it was furnishing budgetary support in...
SBP upholds policy rates at 5.75pc
KARACHI: The Committee of the State Bank of Pakistan (SBP) on Friday kept the policy rates or discount rates unchanged at 5.75...
Banking sector in shambles over a plausible cyber-attack
MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected
SBP reduces refinancing rates for loans to 2pc for entrepreneurs
Lending rates for small medium enterprises (SMEs) have been revised by the State Bank of Pakistan to 4pc. This move would encourage...
Bank Al-Habib expands into Kenya, opens representative office
LAHORE:Â Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been...
Government borrowing from SBP shoots up to Rs1.43 trillion in first half of FY18-19
Government borrowing from the central bank surged up five times to Rs1.43 trillion during the 1st half of FY18-19 compared to Rs288.09 billion in the same period of last year (SPLY)
Sindh Bank & Summit Bank likely to be merged
Sindh Bank and Summit Bank are likely to be in the final stages of being merged, media sources have reported. The newly merged bank...
SBP governor’s appointment from DMG poses questions regarding SBP’s autonomy
ISLAMABAD: The appointment of State Bank of Pakistan’s (SBP) governor from District Management Group (DMG) rather than from among the professionals having experience...
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
SBP to announce fiscal policy for two months on Friday
ISLAMABAD: The State Bank of Pakistan (SBP) will announce the fiscal policy for next two months on Friday.
As per a statement issued...
Global Forum on Islamic Finance 2018 held at COMSATS
LAHORE:Â Islamic finance professionals, academics and researchers on Tuesday gathered at the Global Forum on Islamic Finance (GFIF) 2018, a two-day conference organised...
Bank Alfalah to disburse PTET employees’ pensions via digital wallets
Bank Alfalah, Pakistan’s leading banking institution, has entered into a strategic arrangement with Pakistan Telecommunication Employees Trust (PTET) for the disbursement of...