Rupee slide allowed wholesalers to earn additional 5pc on their imports
KARACHI: As the dust settles after the pandemonium of rupee’s devaluation, wholesalers who already had paid in advance before the depreciation occurred,...
Women empowerment– Sima Kamil finally assumes charge as first woman president of a major Pakistani bank
Sima Kamil who has been serving as deputy CEO United Bank Limited (UBL) will be assuming charge as CEO and president of...
SBP to bolster vigilance mechanism for monitoring foreign banking operations
Karachi: Governor State Bank of Pakistan, Tariq Bajwa on Tuesday said measures will be undertaken to bolster vigilance mechanisms for tracking international...
Devaluation to hit poor, boost profits for influential sectors: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday said devaluation will increase the burden on poor, increase foreign debt and liabilities while...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
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...