Business & Finance July-April remittances decline 13pc to $22.74bn YoY KARACHI: Workers’ remittances fell by 13 percent during the first ten months of this fiscal year (FY23) as ... Published 11 May, 2023 05:54am
Pakistan Flour millers end strike Sindh government pledges to supply 0.5 million 100-kg bags of wheat grains from Monday. Updated 07 May, 2023 09:56am
Business & Finance Flour millers assured that there will be smooth supply of wheat KARACHI: Sindh government has assured the flour mills for uninterrupted supply of wheat grains from next week to... Published 06 May, 2023 06:23am
Business & Finance BankIslami emerging as a stronger bank: President/CEO KARACHI: “BankIslami has overcome from the difficult period and now it is emerging as a stronger bank in the... Published 03 May, 2023 06:35am
Business & Finance Foreign investors: Jul-Mar profit repatriation plunges 82pc to $233.1m YoY KARACHI: The repatriation of profit and dividend by foreign investors continued to post negative growth and plunged... Updated 28 Apr, 2023 08:48am
Print REAP urges govt to help it achieve $5bn rice exports KARACHI: Rice Exporters Association of Pakistan (REAP) has asked the federal government to devise a long-term... Updated 25 Apr, 2023 09:00am
Print Banks told to transfer EDS deductions to SBP KARACHI: The State Bank of Pakistan (SBP) has directed banks to transfer the consolidated amount of Export... Updated 21 Apr, 2023 08:53am
Business & Finance C/A posts $654m surplus in March KARACHI: The country’s current account posted a surplus of $654 million in March after a gap of over two years... Published 20 Apr, 2023 06:30am
Print In response to SC order SBP acts obligingly Central bank allocates/attaches Rs21bn from treasury for elections in KPK, Punjab Updated 17 Apr, 2023 10:11am
Business & Finance Banks told to set up digital fraud risk management units KARACHI: The State Bank of Pakistan (SBP) announcing the measures to enhance security of digital banking services ... Published 15 Apr, 2023 06:19am
Business & Finance Banks, DFIs with Rs500bn or above assets: SBP extends date for implementation of IFRS 9 KARACHI: The State Bank of Pakistan (SBP) has extended the date for the implementation of International Financial... Published 14 Apr, 2023 05:59am
Business & Finance Payment Systems Review unveiled: Q2 Raast transactions soar 82pc KARACHI: Pakistan’s instant payment system – Raast - launched by State Bank of Pakistan (SBP), has witnessed... Published 12 Apr, 2023 06:11am
Business & Finance Policy rate hiked to 21pc to bridle unbridled inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Tuesday further tightened the... Updated 05 Apr, 2023 08:51am
Print If not effected, up to 9pc of amount to be marked as lien: SBP asks exporters to bring in delayed proceeds by 30th KARACHI: The State Bank of Pakistan (SBP) Friday asked exporters to bring delayed export proceeds to Pakistan by... Updated 01 Apr, 2023 08:50am
Print July 1-March 11: Rs2.6trn borrowed for budgetary support KARACHI: The cash-strapped federal government borrowed over Rs2.6 trillion from the banking system for budgetary... Updated 29 Mar, 2023 09:07am
Print Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure State Bank of Pakistan says foreign investors repatriated $225.1 million during July-Feb of FY23 Updated 28 Mar, 2023 08:53am
Print Non-residents: REIT RMCs allowed to issue units thru private placements KARACHI: The State Bank of Pakistan (SBP) has granted general permission to Real Estate Investment Trust (REIT)... Updated 25 Mar, 2023 08:46am
Print Cash margin requirement on goods import removed KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of... Updated 25 Mar, 2023 08:49am
Print Likely hike in policy rate: T-bills RoR soars to 22pc KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ... Updated 24 Mar, 2023 08:53am
Business & Finance Jul-Feb CA declines 68pc YoY KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal... Published 21 Mar, 2023 06:29am