Bank lending for ‘real economy’ key to boost China growth: central bank official

China’s banks made the most new loans on record in January following a series of moves to boost lending as authorities try to prevent a sharp slowdown in the world’s second-largest economy

Withholding tax collection on profit from government securities nosedives 25%

During July-January of current FY19, the collection of withholding tax from banking deposits soared 221% and counterbalanced the fall in tax collection from profit on government securities

Total external debt & liabilities soar to $99.1 billion by end of December 2018

During the first half (July-December) of FY19, the government procured $11.3 billion loans from several countries compared to $8.6 billion till the end of June last year

BankIslami pioneers Pakistan’s first ‘OneTouch Banking’ solution

With the growing prevalence of technologically advanced solutions within the Pakistani banking industry, BankIslami has set the benchmark for the industry with its OneTouch...

SBP to cease issuance of Rs40,000 prize bonds from 15th Feb

The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds

World Bank to establish its UAE office at Abu Dhabi Global Market

ABU DHABI: The Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced that World Bank will establish its office in...

Govt officially appoints Arif Usmani as NBP CEO

Mr Usmani had been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan.

Diaspora bond sale rakes in $1 million in less than two weeks

PBC is attracting demand majorly from expatriates residing in the United States and Europe

Overseas Pakistani’s remit $12.774 billion in first seven months of FY19

During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018

Banks’ deposits grow 8.79pc in January

ISLAMABAD: The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million in the...

Moody’s changes outlook to negative for Pakistan’s banking sector

Moody’s said tighter domestic monetary conditions fueled by a wide current account deficit and low foreign exchange reserves will impact economic activity.

Trump’s World Bank pick echoes calls for reform from other critics

WASHINGTON: President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has...

SBP governor stresses technology utilisation for agricultural productivity

Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officersKARACHI: State Bank of Pakistan (SBP) Governor Tariq...

World Bank leadership search likely to end with US candidate

The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again with selection...

SBP to announce bi-monthly new monetary policy tomorrow

The bank had hiked policy rate by 150 basis points to 10pc in November last year  The State Bank of Pakistan (SBP) would announce its...

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Pakistan, South Korea sign framework arrangement worth $500m

Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...