Patchamuthu Illangovan apprises Miftah Ismail regarding agreements worth $305m
ISLAMABAD: World Bank (WB) Country Director Patchamuthu Illangovan appraised Adviser to Prime Minister on Finance Miftah Ismail about agreements worth $305 million in...
Chinese banks’ forex settlement deficit narrows in Dec
BEIJING: China's commercial banks reported a drop in their forex settlement deficit in December, official data showed.
Forex purchases by banks stood at 1.14...
SBP reduces refinancing rates for loans to 2pc for entrepreneurs
Lending rates for small medium enterprises (SMEs) have been revised by the State Bank of Pakistan to 4pc. This move would encourage...
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...
Market Daily: Key policy rates remain unchanged, indices settle positive
LAHORE: On its last trading day of the week, the KSE 100 index witnessed a range bound session amid significant drop in...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis...
Successful bond float could help to rein in rupee depreciation
KARACHI: Pakistan’s successful bond float of $2.5 billion from international debt markets has raised prospects of pressure easing on the rupee, which...
Chinese authority’s issue order to cease Bitcoin trading
Shanghai: Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and at once notify users of their closure, signaling a widening...
Micro-finance banks instructed to install biometric devices by year end says: SBP
Karachi: The State Bank of Pakistan (SBP) on Monday instructed micro-finance banks (MFBs) to make the use of biometric technology mandatory for...
ADB holds consultative session on country partnership strategy
LAHORE: The Asian Development Bank (ADB) on Wednesday held a consultative session on the ADB Country Partnership Strategy (2020-2024).
ADB Pakistan Country Director...
SBP devises trades mechanism for transactions between Pakistan, Iran
The State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII) have devised a payment settlement mechanism to settle the...
Bank of China allowed to commence banking operations in Pakistan
KARACHI: State Bank of Pakistan (SBP), has given approval to the Bank of China Limited (BCL), for commencement of its banking business in...
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...
Falling remittances: SBP to seek LEAs assistance to control money laundering
Karachi: State Bank of Pakistan (SBP) is said to be seeking the help of law-enforcement agencies (LEAs) to curb the menace of...
World Bank leadership search likely to end with US candidate
The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again...