SBP issues updated version of Foreign Exchange Manual-2017
In order to facilitate the stakeholders including authorised dealers (banks), exporters, importers, travel agents, carriers, etc., the State Bank of Pakistan (SBP)...
Remittances reach $1.69 bn in March, rising 22pc from Feb
KARACHI:Â According to the data released by the State Bank of Pakistan (SBP), overseas workers remitted $1.69 billion in March, which is up...
Govt asked to reform SBP, PSEs
The Pakistan Economy Watch (PEW) on Sunday said the government should provide autonomy to the State Bank of Pakistan (SBP) and install...
SBP keeps monetary policy rate unchanged at 5.75pc
The State Bank of Pakistan , on Saturday, announced to keep the monetary policy rate unchanged at 5.75pc for the next two...
Exim Bank establishment an encouraging move says: FCCI chief
The establishment of the Exim Bank of Pakistan has been welcomed by the Faisalabad Chamber of Commerce and Industry (FCCI) President Muhammad...
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...
MoU signed on interest free loans for women
Special Assistant to Chief Minister Sindh on Women Development Mrs Iram Khalid visited the Sindh Bank and met with the President and...
Govt urged to control fall in forex reserves and exchange rate
Islamabad: The Pakistan Economy Watch (PEW) on Sunday asked the government to stem fall in forex reserves and exchange rate.
The fall in...
Nothing has been decided yet, ADB announces
The Asian Development Bank (ADB) has distanced itself from the recent announcement of the government that it was furnishing budgetary support in...
Karandaaz signs three agreements to improve International Remittance Solutions under Innovation Challenge Fund
The country’s leading promoter of financial inclusion, Karandaaz Pakistan has signed agreements worth PKR 148 million with three prominent players in the...
Credit Suisse CEO dismisses European bank mergers as ‘solution’
ZURICH: Mergers are not the best way to help Europe’s banks deal with negative interest rates, Credit Suisse Chief Executive Tidjane Thiam...
Private sector’s credit off-take surges up four times during July-November 2017
KARACHI: Data released by State Bank of Pakistan (SBP) on Monday revealed private sector’s credit off-take from commercial banks has boomed and...
SBP keeps policy rates unchanged at 5.75%
KARACHI: The State Bank of Pakistan (SBP) on Friday decided to keep the policy rate unchanged at 5.75 per cent following the...
ADB approves access to information policy to ensure transparency
ISLAMABAD: The board of directors of the Asian Development Bank (ADB) has approved a new ‘Access to Information Policy’ that aims to maintain...
Goldman Sachs chief Blankfein to retire soon
NEW YORK: Longtime Goldman Sachs chief executive Lloyd Blankfein is in talks to retire and has been contributing to the bank’s choice...