CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD:Â In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
Promotion of SMEs top on SBP agenda: Tariq Bajwa
SIALKOT:Â State Bank of Pakistan (SBP)Â Governor Tariq Bajwa has said that adequate efforts were being made for the promotion of SME sector in...
TIP receives a complaint against CAA regarding deposits in JS Bank
KARACHI: Transparency International Pakistan (TIP) has received a complaint against the Civil Aviation Authority (CAA) who has deposited a huge amount of...
Private sector lending touches record high of Rs4.893 trillion in February 2018
KARACHI: Data released by the State Bank of Pakistan (SBP) revealed the country’s private sector lending touched a record high of Rs4.893...
Foreign exchange reserves down by 1.5 pc: SBP
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $11.94 billion on March 16, down 1.5 per cent...
UBL undergoes internal reorganization exercise
LAHORE: A notification sent to the Pakistan Stock Exchange (PSX) by United Bank Limited revealed it has undergone an internal reorganization exercise...
SBP releases QPR of the banking sector
KARACHI: The Quarterly Performance Review (QPR) of the banking sector for the quarter ended 31st December 2017 was released by State Bank...
China provided Rs121 bn debt to Pakistan in first eight months
ISLAMABAD:Â China has given Rs121 billion debt to Pakistan in the first eight months of the current fiscal year 2017-18, it has been...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
Banking industry profits plummet by 17pc
KARACHI: The net profit earned by the country’s banking industry in 2017 was Rs157.8 billion, down almost 17 per cent from a...
LCCI urges SBP to control rapid surge in price of US dollar, fears economic havoc
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded from the State Bank of Pakistan (SBP) to control the rapid...
Market Daily: Indices register gains as rupee tumbles
LAHORE: Stocks at Pakistan Stock Exchange (PSX) rebounded in the backdrop of 3 per cent Rupee depreciation against dollar here on Tuesday...
Women participation in labour force 4.3pc, gender gap wider than before: World Bank
KARACHI: Institute of Business Management's (IoBM) Head of Economics, Shahida Wizarat, says women don’t face gender-based discrimination in effluent classes but the same...
SBP, FBR launch online collection of taxes and duties
KARACHI: The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) today formally launched its online tax collection system. This...
Rupee depreciates to Rs118 against US dollar amid economic strains
LAHORE: The rupee depreciated Rs7.5 against the US dollar to Rs118.0 in the inter-bank market on Tuesday morning compared to its closing...