No quick fixes
The rupee declined sharply against the US dollar during intraday trading on July 5 and neither the central bank nor the federal...
NIB bank gets delisted from PSX
Karachi: NIB bank has been delisted from the Pakistan Stock Exchange (PSX) today, in a notification sent by the entity to the...
CDNS sets target of Rs220b for FY 2017-18
Islamabad: Central Directorate of National Savings (CDNS) has set the net target of Rs 220 billion for the current financial year 2017-18.
CDNS...
Profit repatriations increase to reach $2.1b during FY 2016-17
Karachi: An increase in profit repatriations have been reported again, as foreign entities have sent $2.1b in dividends and profits abroad during...
Escort Investment Bank acquired by Bahria Town for Rs1
Karachi: Escort Investment Bank Limited and its brokerage house has been acquired for a paltry sum of Rs1 by real estate lynchpin...
Resolution seeking Tariq Bajwa’s removal as SBP governor submitted in Senate
ISLAMABAD: A resolution seeking removal of  State Bank of Pakistan (SBP) Governor Tariq Bajwa was submitted in the Senate on Monday.
The resolution...
SBP keeps monetary policy unchanged at 5.75pc for next two months
Karachi: The State Bank of Pakistan (SBP) kept the policy rate unchanged at 5.75 per cent following a considerable strong growth momentum...
SBP fails to meet probe deadline into cause of rupee depreciation
Karachi : The stipulated date for completing its inquiry into the reasons for the fall of the PKR on July 5th has...
Foreign reserves declined by $537.8m this week
KARACHI: Total liquid foreign reserves of the country declined by $537.8 million to $20.830 billion this week compared to $21.368 billion last...
SBP governor meets top leadership of commercial banks, sets future policy
KARACHI
State Bank of Pakistan (SBP) Governor, Tariq Bajwa presided his first meeting with the presidents/chief executive officers of all commercial banks here...
Provincial govt sets aside Rs10b for establishment of Balochistan Bank
Quetta: The provincial government has set aside Rs10b for the launching of Balochistan Bank in the current financial year 2017-18. It is...
Senate standing committee raises doubts over BOP’s right shares issue
Islamabad: On a complaint of a minor shareholder of the Bank of Punjab, the Senate Standing Committee on Thursday took it up...
Borrowing from private sector surges by 126pc: SBP report
Karachi: A recently released report from State Bank of Pakistan (SBP) has revealed that borrowing from the private sector has surged by...
SBP passes rules for banks to become fully Shariah compliant
Karachi: State Bank of Pakistan (SBP)Â has issued guidelines covering how banks that want to be fully-fledged Shariah compliant can achieve that status,...
Current account deficit surges by 131pc during FY 2016-17
Karachi: The State Bank of Pakistan on Thursday revised the figures for the current account deficit (CA) which increased to $10.64b, surging...