Trump tariffs could sink Mexican peso to lowest point this year: analysts
Jesus Lopez, an analyst at the Banco Base, said it is difficult to envision a sustained appreciation of the currency because the country’s credit profile may continue to weaken.
FBR seeks info of account holders having deposits above Rs0.5m
The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits...
Credit Suisse CEO dismisses European bank mergers as ‘solution’
ZURICH: Mergers are not the best way to help Europe’s banks deal with negative interest rates, Credit Suisse Chief Executive Tidjane Thiam...
Saudi Arabia’s central bank warns global slowdown may hit growth
ABU DHABI: Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on...
China central bank urges calm after Baoshang takeover
SHANGHAI: China’s central bank sought to calm investors on Sunday after last month’s takeover of Inner Mongolia-based Baoshang Bank, saying regulators are...
‘WB committed to strengthening Pakistan’s human capital, regional connectivity’
WASHINGTON: The World Bank is committing $465 million through two projects to support higher education in Pakistan and expand sustainable electricity trade between...
Banks assure complete cooperation to FBR
The chief finance officers (CFOs) of all commercial banks have assured complete cooperation to the Federal Board of Revenue chairman.
All the chief...
BOP posts Rs3.57bn profit before tax
LAHORE: A meeting of The Bank of Punjab Board of Directors was held recently to consider and approve the unaudited financial statements...
Debt servicing a biggest challenge on expenditures front in upcoming budget
The disbursement of foreign loans has so far remained slow during the current fiscal year, but the reliance on foreign debts is on the rise owing to external account gap.
Rupee regains Rs1.42 interbank, nabs dollar hike
The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid
PM, Chinese Vice President launch four mega CPEC projects
Both the dignitaries unveiled the plaques of the four projects at a ceremony held here during the visit of the Chinese vice president who is here on a three-day visit.
Govt sets Rs5.5tr revenue target in upcoming budget
At the time, Shaikh said the “basic purpose” of the scheme was not to generate revenue — as media reports had speculated — but to bring dead assets into the economy and make them functional.
SBP re-launches issuance of fresh currency notes
The service will be provided through 1702 e-branches and 16 SBP offices across Pakistan to ensure maximum geographical coverage.
SBP raises interest rate to 12.25pc as economic slowdown continues
KARACHI: The State Bank of Pakistan (SBP) on Monday increased its benchmark interest rate by 150 basis points (bps) to 12.25 per...
PTI finalises a revamped version of PML-N’s youth loan scheme
ISLAMABAD: The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme,...