SBP introduces annual foreign investment survey to log investment position details
KARACHI: State Bank of Pakistan on Tuesday introduced an annual foreign investment survey to obtain information for recording Pakistan’s balance of payments...
Faysal Bank set to open 100 branches in Pakistan during 2018
DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalize...
Govt paid Rs598 billion domestic debt servicing costs during five months of FY 2017-18
KARACHI: Around Rs598 billion was paid on account of domestic debt servicing by the government during first five of financial year 2017-18,...
7th NFC Award fails to give any policy in devolution of fiscal resources: IMF report
ISLAMABAD: The 7th National Finance Commission (NFC) Award has become redundant as it has failed to give any policy in terms of devolution...
MCB Bank inaugurates Gaddafi Stadium branch
LAHORE: MCB Bank, one of Pakistan’s largest and most innovative banks, inaugurated its conventional banking branch at Lahore's Gaddafi Stadium on Friday.
The inauguration...
SBP increases discount rate by 25bps to 6 per cent after 19 months
KARACHI: The State Bank of Pakistan (SBP) governor, on Friday, increased the discount rate by 25 basis points to 6 per cent after...
Lahore, the costliest city to live in Pakistan: SBP
KARACHI: Inflation monitor data from State Bank of Pakistan revealed Lahore has the highest inflation compared to other cities across the country.
Inflation...
SBP may uphold policy rates at 5.75pc or increase 25 basis points
KARACHI: The State Bank of Pakistan (SBP) may keep the policy rates and discount rates unchanged at 5.75 per cent or it...
Pakistan has no option but to approach IMF again: Dr Waqar Masood
ISLAMABAD: After banging the drums with no results the PML-N led government is back to where it started financially. Pakistan is left...
Fitch downgrades Pakistan’s outlook to negative, reaffirms ‘B’ credit rating
LAHORE: Fitch on Thursday downgraded Pakistan’s outlook from stable to negative and reaffirmed the 'B' credit rating, citing political uncertainty and upcoming...
Government not worried about increasing debt: MoF
ISLAMABAD: The federal government obtained $ 2.9 billion in loans from commercial banks, multilateral and bilateral institutions in December 2017 alone.
Documents available...
Security Investment Bank receives loan to bolster minimum capital requirement
KARACHI: A bourse notification filed by Security Investment Bank Limited (SIB) revealed it will be receiving funds in form of subordinate loan...
Saving-investment gap during FY 2015-16 touched Rs3.385 trillion: SBP
KARACHI: A report titled “Sources & Uses of Funds by Non-Financial Private Corporate Sector in Pakistan” for year 2015-16 has been released...
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
Foreign airlines remit $ 1.5 billion from Pakistan in last two years
ISLAMABAD: During the last two years foreign airlines have taken out $ 1.5 billion in the form of remittances from Pakistan due to...