SBP injects Rs1,141.7bn into money market
KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs1,141.7 billion into money market for seven days as reverse repo through its...
SBP providing cheap financing facilities
FAISALABAD: State Bank of Pakistan (SBP) is providing cheap financing facilities with minimum markup rate to 5 important segments for the speedy,...
SWIFT makes headlines as hackers steal $6mn from Russian bank
MAGNITOGORSK: Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts...
SBP deputy governor for review of banks’ business models to adapt to the changing landscape
KARACHI: State Bank of Pakistan Deputy Governor Jameel Ahmad has emphasised the need for a review of the prevailing banking business models...
SCB Pak earns profit of Rs 4.1bn in Q1 2017
Standard Chartered Bank Pakistan (SCB Pak) Thursday reported a Profit Before Tax (PBT) of Rs 4.1 billion in the first quarter 2017,...
Pakistan criticizes World Bank for overestimating repayment obligations
Islamabad: Pakistan criticized the World Bank for overestimating its external repayment obligations by $13b, which actually stands at $18b, the Finance Ministry said...
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...
Zarrar Sehgal to head Clifford Chance’s banking and finance
Leading international law firm Clifford Chance today announced that Zarrar Sehgal has been named the Americas head of the Banking and Finance...
MCB profits jump up by 27.8pc to reach Rs13.69b for Jan-June 2017
Karachi: In a notification sent to the bourse on Friday. Muslim Commercial Bank Limited (MCB) announced its financial results for the half...
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...
SBP calls for accelerated adoption of PayPak card by banks
KARACHI: The Deputy Governor of State Bank of Pakistan (SBP), Jameel Ahmad, has emphasized the need for the adoption of domestic payment...
Overseas Pakistanis remit $12.8bn in first eight months of FY18: SBP
KARACHI: Overseas workers remitted $12.8 billion in first eight month of the current fiscal year (July-February), which is up by 3.4 per...
Govt to raise Rs3.75t via PIBs and market treasury bills
Karachi: State Bank of Pakistan (SBP) on Wednesday announced that government would be borrowing Rs3.75t during the period of August-October.
This money is...
Patchamuthu Illangovan apprises Miftah Ismail regarding agreements worth $305m
ISLAMABAD:Â World Bank (WB) Country Director Patchamuthu Illangovan appraised Adviser to Prime Minister on Finance Miftah Ismail about agreements worth $305 million in...