Trends - banks - Business Recorder

BR Research

Much ado about nothing?

Banks are under scrutiny for making so called exuberant profits on foreign exchange earnings. Some of have made more...

Published 22 Sep, 2022 09:01am

Opinion

Money transfer firms replace banks in crisis-hit Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now...

Published 05 Sep, 2022 06:04am

Business & Finance

SBP initiates strict monitoring of forex operations

KARACHI: In order to control the volatility in the exchange rate, the State Bank of Pakistan (SBP) has initiated...

Updated 04 Aug, 2022 10:36am

Business & Finance

SBP appoints 12 banks as Primary Dealers for Financial Year 2022-23

The State Bank of Pakistan (SBP) has appointed 12 banks as Primary Dealers (PDs) of government securities and two...

Published 13 Jul, 2022 11:28am

Opinion

Crypto lending world sways under risk and turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients ...

Published 02 Jul, 2022 04:10am

Print

Supertax likely to generate additional Rs200bn

KARACHI: The imposition of one time supertax at 10 percent on big corporates is likely to help the coalition...

Updated 25 Jun, 2022 11:24am

Pakistan

Watch: Finance Minister Miftah Ismail's entire address in National Assembly

Clarifies super tax of 4% will be applicable to all sectors.
For specified 13 sectors, another 6% will be added for a total of 10%
Their tax rates will go from 29% to 39%
This is a one-time tax aimed at curtailing previous four record budget deficits, says Miftah

Published 24 Jun, 2022 02:45pm

Pakistan

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
Collection from this tax will be used to alleviate poverty in Pakistan

Updated 24 Jun, 2022 02:53pm

Pakistan

Super tax a one-time levy, will help narrow budget deficit: Miftah Ismail

Finance minister says tax applicable for FY23, announces reduction in sales tax on large shops

Updated 24 Jun, 2022 05:58pm

Pakistan

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

Print

Banks: govt mulling raising super tax rate

ISLAMABAD: The Federal Board of Revenue (FBR) will propose “Super Tax” on certain sectors having annual turnover...

Updated 31 May, 2022 10:11am

Business & Finance

Pakistan's Islamic banking sector to have 30% market share by 2026: Moody’s

Estimates average growth over 2021-2026 to range between 25%-28% for total assets and deposits

Updated 24 May, 2022 06:37pm

Opinion

Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch

A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the...

Published 24 Apr, 2022 05:36am

Technology

Big Tech now regulated like banks, says EU antitrust chief

BRUSSELS: Big Tech companies will be regulated like banks, a top EU official said on Friday, as a new landmark...

Published 28 Mar, 2022 06:21am

Business & Finance

SBP removes transactional limits for Raast app payments

The latest measure to facilitate Raast users will come into effect from April 1

Updated 16 Mar, 2022 02:53pm

World

IMF warns Britain over turning regulators into cheerleaders for finance

LONDON: A push to make London more attractive as a global financial centre after Brexit must not threaten high...

Published 24 Feb, 2022 06:34am

Business & Finance

SBP increases indicative credit limits for agri financing

Says will directly benefit agriculture borrowers

Updated 16 Feb, 2022 06:42pm

Print

Commitment to IMF: Sell-off of 2 RLNG plants, two banks by June

ISLAMABAD: Pakistan has committed to the International Monetary Fund (IMF) that it would complete the process of...

Updated 06 Feb, 2022 09:17am

Business & Finance

Newly-opened, re-designated business accounts: Banks are bound to provide info: FBR

ISLAMABAD: Banks are now bound to provide information of newly-opened or re-designated business bank accounts to the...

Updated 21 Jan, 2022 11:24am

Print

No E-Form for exports to Afghanistan: Banks stop receiving payments in USD, AED remittance form

KARACHI: The local banks have suddenly stopped receiving payments in the form of remittance in USD and AED and...

Updated 15 Jan, 2022 09:43am

Print

PM’s low-cost housing scheme: Considerable increase in borrowing from banks

ISLAMABAD: A meeting of the National Coordination Committee on Housing, Construction and Development was informed...

Updated 07 Jan, 2022 09:45am

Pakistan

A triumphant decade: Pakistan’s banks win the dividend payout race

Performance likely to continue, but recent regulatory push could make the race tougher

Updated 06 Jan, 2022 09:53pm

Markets

Omicron worries pull European shares lower

LONDON: Banks and luxury stocks led declines on Friday, pushing European shares into the red for the week that saw...

Published 20 Dec, 2021 06:29am

Business & Finance

MPMG: Banks receive Rs245bn mortgage finance applications

Mera Pakistan Mera Ghar (MPMG) scheme by banks is getting traction, latest data by State Bank of Pakistan shows

Updated 11 Dec, 2021 03:39pm

Business & Finance

SBP raises banks' cash reserve requirement

Move aimed at containing monetary expansion and moderating domestic demand

Published 13 Nov, 2021 07:28pm

BR Research

T-bill auction: what’s cooking?

The market rates are moving up. The policy rate at current levels was totally disregarded by the market. In the...

Updated 05 Nov, 2021 12:51pm

Business & Finance

Goldman Sachs offers new way for investors to bet on SPACs

NEW YORK: Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose...

Published 02 Nov, 2021 05:20am

Business & Finance

SBP directs banks, regulated entities to digitise corporate payments

In order to monitor the progress, the SBP has advised banks to submit a roadmap of implementing these measures within 30 days

Published 15 Oct, 2021 04:25pm

Markets

Wall St Week Ahead: Growth? Value? Some investors opt for a bit of both

NEW YORK: Some investors are playing this year's tug of war between so-called growth and value stocks by owning...

Published 20 Sep, 2021 05:23am

Print

High net-worth un-registered persons: Over 200,000 issued notices by FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to over 200,000 high net-worth un-registered ...

Updated 15 Sep, 2021 10:08am