SBP tightens access to foreign exchange as dollar reserves drop
Pakistan’s central bank has increased the amount of red tape needed to access dollars
Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
Summit Bank reiterates operations running smoothly and efficiently
SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours
FIA reaches out to SBP, SECP for details about Summit Bank
On Sunday, a three-judge bench, headed by Chief Justice Mian Saqib Nisar, summoned the CEOs and presidents of the Summit Bank, Sindh Bank and United Bank Limited (UBL) and others mentioned in the FIR registered by the Federal Investigation Agency (FIA) over money laundering charges
Market Daily: KSE 100 index drowns in a sea of red with a 1,000-point plunge
By mid-day, the fall was already above 1,000 points – the second such in successive weeks thus far.
Thorough plan underway to take Pakistan out of FATF grey list
ISLAMABAD: The government of Pakistan has prepared a comprehensive plan to exclude the country from the grey list of the Financial Action Task...
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Objections against KASB Bank-BankIslami amalgamation disposed of: SBP
Previously, shareholders of defunct KASB Bank had sought a minimum compensation of Rs14.2 billion from the State Bank of Pakistan (SBP), terming the Rs5.9 billion negative valuation of the bank, determined by AF Ferguson, mala fide and dubious
SBP celebrates 70 years of excellence amid acknowledgement from society
KARACHI: The State Bank of Pakistan (SBP) celebrated its 70 years’ anniversary on Sunday with a number of programs taking place simultaneously at the...
Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media
KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115...
Market Daily: Third day of recovery as KSE‐100 index adds 278 points
LAHORE: Recovery phase of the Pakistan Stock Exchange entered its third day on Thursday. Market bulls managed to maintain their control over...
Summit Bank making all-out efforts to conclude merger with Sindh Bank
LAHORE: Summit Bank on Wednesday said it was making all-out efforts to conclude its merger with and into Sindh Bank Limited and...
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
Banks to observe extended working hours on June 29, 30 to collect taxes
LAHORE: All field offices of the Federal Board of Revenue (FBR) will remain open and observe extended working hours till 8:00 pm on...