Business & Finance SBP directs IBI to adopt new AAOIFI Shariah Standards Karachi: The State Bank of Pakistan (SBP) has asked for adoption of Accounting and Auditing Organization for Islamic... Published 20 Jun, 2024 06:01am
Markets RDA inflow jumps 31%, clocks in at $224mn in May Inflow through the Roshan Digital Account (RDA) clocked in at $224 million in May, a significant jump of nearly 31%... Updated 14 Jun, 2024 05:28pm
Business & Finance Bank holidays KARACHI: The State Bank of Pakistan (SBP) will remain closed from 17th to 19th June 2024 (Monday to Wednesday) being... Published 14 Jun, 2024 06:31am
Business & Finance BoK inaugurates women-centric Islamic Banking branch in Hayatabad PESHAWAR: Bank of Khyber (BoK) announced the inauguration of the very first women-centric Islamic Banking branch in... Published 14 Jun, 2024 06:31am
Markets SBP-held foreign exchange reserves see slight decline, stand at $9.1bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased marginally by $6 million on a weekly... Published 13 Jun, 2024 07:34pm
Business & Finance Service offerings easypaisa adds Raast P2M system to its platform KARACHI: easypaisa has elevated its service offerings by integrating the Raast P2M (Person to Merchant) payment... Published 13 Jun, 2024 06:22am
Business & Finance Bank holidays: SBP announces three-day closure for Eid-ul-Adha 2024 The State Bank of Pakistan (SBP) announced on Wednesday a three-day holiday on account of Eid-ul-Adha 2024. “The... Published 12 Jun, 2024 06:04pm
Print Interest expenses climb to Rs5.5trn KARACHI: The tight monetary stance by the State Bank of Pakistan (SBP) resulted in a massive surge in the federal... Updated 12 Jun, 2024 08:58am
Print Growth target missed: Economic Survey ISLAMABAD: Economy is likely to have expanded by 2.4% in the fiscal year that ends this month, missing a target of... Updated 12 Jun, 2024 09:13am
Business & Finance Business community demands further cut in policy rate LAHORE: Business community has demanded further cut in the policy rate to facilitate growth of industrial sector.... Published 12 Jun, 2024 06:51am
Business & Finance UBG leaders disappointed over 1.5pc reduction in policy rate KARACHI: Leaders of the United Business Group (UBG), including SM Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar,... Published 12 Jun, 2024 06:51am
Business & Finance SME sector: SBP directs banks to adopt DSCF solutions KARACHI: The State Bank of Pakistan (SBP) has instructed the banks to adopt Digital Supply Chain Finance (DSCF)... Published 12 Jun, 2024 06:51am
BR Research Bold on policy cut, timid on targets The SBP took the correct decision to reduce the policy rate by 150 bps to 20.5 percent. However, the coherence in... Published 11 Jun, 2024 08:14am
Technology Elevate looks to utilise Dubai’s competitive edge as it resolves Pak freelancers’ payments woes Elevate, the fintech that recently secured financing of $5 million with the aim to expand further into South Asia,... Published 11 Jun, 2024 03:17am
Business & Finance FPCCI terms policy rate cut ‘too little’ LAHORE: Atif Ikram Sheikh, President FPCCI, has said that the policy rate cut announced on Monday is too less, too... Published 11 Jun, 2024 03:17am
Print O/N reverse repo rate will be 21.5pc KARACHI: The State Bank of Pakistan (SBP) has decided to decrease policy rate (target rate) from 22 percent to 20.50... Updated 11 Jun, 2024 09:21am
Business & Finance Finally, policy rate cut 150bps to 20.5pc KARACHI: After maintaining a policy rate at all-time high level of 22 percent for almost a year, the Monetary Policy... Updated 11 Jun, 2024 08:38am
Business & Finance Business community leader says 150bps rate cut ‘too little, too late’ KARACHI: Business and industrial community has termed the meagre reduction in interest rate a bit disappointing and... Published 11 Jun, 2024 03:17am
Editorials Shallow easing? EDITORIAL: Monetary Policy Committee (MPC) in its scheduled meeting yesterday reduced the policy rate by 150 basis... Published 11 Jun, 2024 03:17am
Business & Finance LCCI appreciates cut in policy rate LAHORE: The Lahore Chamber of Commerce and Industry has commended the State Bank of Pakistan’s (SBP) Monetary... Published 11 Jun, 2024 03:17am
Markets First cut in 4 years: SBP reduces key policy rate by 150 basis points, takes it to 20.5% Says significant decline in inflation since February broadly in line with expectations, but May outturn was better than anticipated Updated 10 Jun, 2024 11:01pm
Opinion Policy rate decision ahead of budget presentation State Bank of Pakistan (SBP) will be making its monetary policy public today. As May inflation has already dropped... Updated 10 Jun, 2024 08:06am
Opinion The plight of exporters Most textile and apparel exporters operate on razor-thin margins, where pricing differentials are in US cents and... Updated 10 Jun, 2024 07:58am
Opinion Budget: inflation must be top priority Inflation is pushing an ever increasing number below the poverty line (currently estimated at 40 percent comparable... Updated 10 Jun, 2024 08:13am
Editorials Improving business confidence EDITORIAL: It’s welcome news, of course, that the 25th wave of the Business Confidence Index (BCI) conducted by ... Updated 10 Jun, 2024 08:02am
Pakistan Sale, purchase of sacrificial animals: easypaisa enables in-app QR payments KARACHI: easypaisa, is bringing ease and convenience to its users this Eid-ul-Azha for the sale and purchase of... Published 09 Jun, 2024 03:10am
Business & Finance PTC for cut in energy cost, interest rates ISLAMABAD: The Pakistan Textile Council (PTC), representing nation’s leading textile and apparel exporters, has... Published 09 Jun, 2024 03:10am
Print Jul-Apr govt debt stock up 8.6pc to Rs66.08trn YoY KARACHI: The central government’s total domestic and external debt stock rose by 8.6 percent during the first 10... Updated 08 Jun, 2024 09:23am
Business & Finance May 2024: country gets highest-ever remittances KARACHI: Pakistan received highest-ever monthly inflows of home remittances amounted to $ 3.2 billion in the month ... Published 08 Jun, 2024 07:00am
Markets Pakistan receives record remittances of $3.24bn in May, up over 54% YoY Inflows from Saudi Arabia, UAE, UK dominate overall amount Updated 07 Jun, 2024 09:36pm