External debt servicing hampers country’s foreign reserves positionÂ
KARACHI: The State Bank of Pakistan (SBP) Thursday said that the total liquid foreign reserves held by the country stood at $18,240.4...
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...
Digital Era: Digital banks to materialise soon, claims SBP
An officical of the State Bank of Pakistan (SBP) has claimed that Pakistan will soon have digital banks across the country. The...
SBP upholds policy rates at 5.75pc
KARACHI: The Committee of the State Bank of Pakistan (SBP) on Friday kept the policy rates or discount rates unchanged at 5.75...
Standard Chartered exceeds one year target for Goal beneficiaries
'Goal' is Standard Chartered’s leading education programme that provides financial literacy, life skills and employability training to low-income adolescent girls across its...
EU banks will be allowed to operate normally in UK, post Brexit: BBC
LONDON: The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create...
Assets of non-banking financing sector up by 29pc
ISLAMABAD: As a result of efforts made by the Securities and Exchange Commission of Pakistan (SECP) in providing a transparent and robust...
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...
ADB committed to transforming Asia, Pacific into an oasis of sustainable and inclusive development
Asian Development Bank is working on a comprehensive roadmap for the transformation of Asia and the Pacific into an oasis of inclusive...
India directs state-owned banks to fix operational risks, gives 15-day deadline
NEW DELHI: India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical...
ICST urges abolition of tax on bank transactions in upcoming budget
Islamabad Chamber of Small Traders (ICST) on Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming...
Indonesia central bank warns over cryptocurrencies
JAKARTA: After China’s complete ban and American Securities and Exchange Commission’s warnings regarding cryptocurrencies, Indonesia’s central bank has issued a fresh warning...
SBP session on EIF held at RCCI
An awareness and interactive session on Electronic Import Form (EIF) was organised by the Rawalpindi Chamber of Commerce and Industry (RCCI) here...
Pakistan banks’ profits grow due to deposits, lending rise
Commercial bank profits are rising in Pakistan on bigger volumes, enlarging transactions and growing businesses.
Overall deposits of all commercial banks stood at...
Private sector credit touches Rs4.683 trillion during July 2017: SBP
Karachi: State Bank of Pakistan (SBP) on Tuesday released data about private sector’s outstanding credit to reach Rs4.683t from Rs3.922t in same...