Senate standing committee raises doubts over BOP’s right shares issue
Islamabad: On a complaint of a minor shareholder of the Bank of Punjab, the Senate Standing Committee on Thursday took it up...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts...
SECP concludes introduction of regulatory regime for valuers
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has concluded its efforts to introduce a regulatory regime for the registration and...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
Nouman Ansari completes his tenure at Faysal Bank
President and Chief Executive Officer of Faysal Bank Nouman Ansari has stepped down from his position, media sources have reported. Ansari completed his tenure...
SBP introduces framework to counter trade-based money laundering and terrorist financing
The central bank also told banks to enhance the oversight role of the board of directors and senior management in the areas of ML/TF/PF risks associated with trade transactions
KASB Bank shareholders seek Rs14b compensation
Negative valuation AF Ferguson dubbed as mala fide
Citibank looks to bolster revenue growth from China’s OBOR initiative
Beijing: Citigroup Inc expects to boost its revenue growth in China by tapping into opportunities presented by Beijing’s Belt & Road initiative,...
SBP issues directives to banks regarding Assets Declaration Ordinance
KARACHI:Â The State Bank of Pakistan (SBP) on Wednesday issued directives to all banks to incline their operations to the newly-issued Assets Declaration...
SBP expresses inability to trace/bring back money stashed abroad by Pakistani’s
ISLAMABAD: A State Bank of Pakistan report submitted to the apex court has expressed its inability to bring back money stashed overseas...
Pakistan has steered itself out of financial crisis: SBP governor
Mr Bajwa said a plan had been formulated to banish the current account deficit and work in this regard was in progress
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...
FBR chief asks banks to collect details of benami accounts themselves
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has asked all banks in the country to collect details of 'benami' accounts of...
Canadian dollar notches 1-week high as jobs rise
TORONTO: The Canadian dollar strengthened to a more than one-week high against its US counterpart on Friday, adding to gains after Canada...
SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...