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...
China’s central bank to reduce reserve requirement
BEIJING: China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to...
SBP unveils procedures for investment in amnesty bonds as scheme lags behind targetÂ
ISLAMABAD: The outgoing government's dream to collect three to four billion dollars through the amnesty scheme seems to have shattered as only...
SBP notifies revisions in manual for kerb market foreign exchange dealers
The central bank last month introduced identification requirements for all foreign currency buy and sell transactions equivalent to $500 or above on currency exchange companies and directed them to retain the copies of identification documents to comply with anti-money laundering rules
Pakistani’s sent an astounding $15.253 billion overseas in FY17: SC
The committee observed during FY17, a major amount of transfers were carried out from Pakistan via the illegal Hawala and Hundi mechanisms
Private sector credit posts 4.25pc growth during July-Jun FY18: SBP
Islamic Bank lending growth plunged 45 percent, touching Rs72.650 billion during the period under review compared to Rs132.07 billion in the corresponding period of last year
Market Daily: Negative rating leaves PSX bleeding Â
LAHORE: The Pakistan Stock Exchange (PSX) continued to bleed red again on Thursday. Bearish sentiments continued its dominance over the market as...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
JS Global arranges Pakistan Investment Conference 2018 in Washington, New York
KARACHI: JS Global Capital Limited has taken the lead in presenting Pakistan’s economic growth story to international investors by organising the Pakistan...
Noor Financial divests another 3.4 pc in Meezan Bank Limited
LAHORE: According to a notice filed on the exchange, Meezan Bank Limited today announced that Noor Financial Investment has divested another 3.4...
Askari Bank Limited appoints new President, Chief ExecutiveÂ
LAHORE: The Board of Directors of Askari Bank Limited has appointed Abid Sattar as
President and Chief Executive of Askari Bank, subject to...
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
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...
Market Daily: Steepest fall after 20 sessions; market sheds 700 points
LAHORE: Indices at Pakistan Stock Exchange (PSX) posted the steepest fall on Tuesday since May 14, 2018, as Monday’s 4 per cent rupee devaluation...
Rupee devaluation not a surprise, further devaluation expected
LAHORE: The State Bank’s move to devalue the rupee by 3.6 per cent on Monday did not surprise experts; however, they suspect deficit risk...