SBP governor stresses technology utilisation for agricultural productivity
Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officers
KARACHI: State Bank of Pakistan (SBP)...
SBP issues concessionary financing facility for special persons
KARACHI:Â The State Bank of Pakistan (SBP) has issued a concessionary small enterprise financing and credit guarantee facility for special persons.
SBP Governor Tariq...
Wathra appreciates role of banking sector in fueling economic growth
State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra while speaking at the launch of the second edition of Pakistan Banking awards...
World Bank for updating Pakistan’s GDP
The government has agreed to a World Bank proposal to update the methodology and source of data for Pakistan’s GDP measurement and...
Decrease tax rate for banks earning income from providing financing to SME’s: SBP
LAHORE: The State Bank of Pakistan in its recently launched policy for promotion of Small and Medium Enterprises (SMEs) has proposed decrease...
Japan’s Line ties up with Tencent, Mizuho; shares jump
Japanese retailers offering Line Pay services will be able to process payments from the growing numbers of Chinese tourists using Tencent’s WeChat Pay from early next year, Line said
Govt mulls relocating deposits worth Rs1.9tr
Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt funds
KARACHI:Â The...
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
Remittances climb up by 13 percent to $5.419b during first quarter of FY19
Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19
Trump’s World Bank pick echoes calls for reform from other critics
WASHINGTON:Â President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution...
SBP report stresses investments in human capital, technology
'Monetary tightening along with exchange rate adjustments, reduction in development expenditures of federal govt and regulatory measures helped contain domestic demand'
KARACHI:Â The...
Saudi Arabia’s central bank warns global slowdown may hit growth
ABU DHABI: Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on...
ADB provides $ 20 million loan to increase micro credit access in Pakistan
The Asian Development Bank (ADB) has approved a $ 20 million loan to help Pakistan’s Khushhali Microfinance Bank (KMBL) to expand access...
OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
Standard Chartered declares pre-tax profit of Rs13.5bn, down 12.33pc YoY
LAHORE: Standard Chartered Pakistan announced its annual results for the year ended 31 December 2017, on Friday.
Profit before tax was Rs13.5 billion...