Markets No change in foreign exchange rules, clarifies SBP KARACHI: The State Bank of Pakistan (SBP) said on Sunday that there is no change in State Bank’s existing... Updated 12 Oct, 2020 05:59pm
Markets Restriction placed on foreign currency account holders KARACHI: The federal government has restricted foreign currency account holders from depositing locally-purchased... Published 11 Oct, 2020 02:47am
Print TCP seals another wheat import deal KARACHI: Trading Corporation of Pakistan (TCP) has finalized another deal for the import of some 0.33 million metric... Updated 10 Oct, 2020 03:11pm
Print Hoarding causing surge in wheat flour prices KARACHI: Despite massive import of wheat grains, the prices of wheat flour have surged to an all-time high of Rs75... Updated 10 Oct, 2020 03:12pm
Markets Banks can outsource cash processing functions: SBP KARACHI: The State Bank of Pakistan (SBP) on Thursday allowed banks to outsource their cash processing functions ... Published 09 Oct, 2020 02:37am
Print SBP introduces incentive, penalty mechanism for banks KARACHI: The State Bank of Pakistan (SBP) has introduced incentive and penalty mechanism for banks to promote ... Updated 08 Oct, 2020 03:16am
Print Ministries, divisions: Bank accounts to be closed; funds to go to central account KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) has asked banks to... Updated 08 Oct, 2020 03:16am
Business & Finance FIC seeks priority berthing for DAP fertilizer vessels KARACHI: The Fertilizer Importers Council has asked the federal government for the priority berthing of imported DAP... Published 06 Oct, 2020 03:00am
Print Eight international parties turn up for TCP wheat tender KARACHI: In response to Trading Corporation of Pakistan (TCP) wheat import tender, some eight (8) international... Published 06 Oct, 2020 03:00am
Markets Quarantine option exists: Banks allowed to process currency notes through machines KARACHI: The State Bank of Pakistan (SBP) has allowed banks to process banknote through Pakistan Council of... Updated 04 Oct, 2020 03:09am
Print Shariah-compliant business: SBP issues guidelines for DFIs KARACHI: The State Bank of Pakistan (SBP) issued guidelines for Development Finance Institutions (DFIs) to undertake... Published 03 Oct, 2020 02:45am
Print SBP issues AML, CFT & CPF regulations for REs KARACHI: The State Bank of Pakistan (SBP) has issued the Anti Money Laundering, Combating the Financing of ... Published 01 Oct, 2020 02:58am
Print Refinance Facility for Combating Covid-19: SBP enhances loan limit to Rs1 billion for new hospital KARACHI: The State Bank of Pakistan (SBP) has enhanced the financing limit for setting up a new hospital under its... Published 30 Sep, 2020 02:42am
Print Certain banking applications: SBP restricts FIs from using cloud-based outsourcing arrangements KARACHI: The State Bank of Pakistan (SBP) has restricted financial institutions (FIs) from using cloud-based... Published 29 Sep, 2020 02:57am
Markets SBP eases cash margin restriction on import of certain items/raw materials KARACHI: The State Bank of Pakistan (SBP) has eased 100 percent cash margin requirement on the import of certain... Published 25 Sep, 2020 02:45am
Business & Finance Expansion plan: Agha Steel to invest Rs 7 billion KARACHI: Agha Steel Industries, under its second expansion plan, will invest some Rs7 billion to enhance its... Published 25 Sep, 2020 02:45am
Markets C/A balance stays surplus for second month in a row KARACHI: The country’s current account balance remained surplus for the second consecutive month in August 2020... Published 24 Sep, 2020 02:47am
Markets Outlook 'improves': SBP holds policy rate at 7 percent KARACHI: The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) has decided to keep the policy rate... Published 22 Sep, 2020 02:39am
Print Banks told to implement National Savings Schemes (AML & CFT) Rules KARACHI: The State Bank of Pakistan (SBP) has asked banks to implement National Savings Schemes (AML & CFT) ... Published 19 Sep, 2020 02:44am
Print Jul-Aug FDI up 40pc YoY KARACHI: Foreign Direct Investment (FDI) in Pakistan surged by 40 percent during the first two months of this fiscal... Published 18 Sep, 2020 02:59am