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Rizwan Bhatti

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SBP launches Innovation Challenge Facility

The State Bank of Pakistan (SBP) has announced to launch an Innovation Challenge Facility (ICF) to find and support innovative fin tech solutions to promote Digital Financial Services (DFS) in the country. The key objective of facility is to provide an op
Published 01 May, 2019 12:00am
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EFP presents proposals for federal budget

The Employers' Federation of Pakistan (EFP) has urged for broadening the tax base, lower cost of doing business and simplify tax procedures for long term economic development.
Published 26 Apr, 2019 12:00am
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NRPs facing difficulties in operating bank accounts

Non-Resident Pakistanis (NRPs) are facing issues for operating bank accounts in Pakistan due to limited banking services. Sources in banking sector told Business Recorder on Wednesday that banks are receiving a lot of complaints from NRPs that pres
Published 25 Apr, 2019 12:00am
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C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
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C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
Print

SBP to ensure OTC tax payment through surprise inspection

The State Bank of Pakistan (SBP) has decided to conduct surprise inspection of bank branches to ensure payment of taxes and duties particularly mobile levy through Over-the-Counter (OTC). As per the SBP directives banks are required to enable their OTC ch
Published 16 Apr, 2019 12:00am
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New banking ombudsman still waiting for oath

The oath-taking ceremony of new Banking Ombudsman (Mohtasib) has not taken place although over three months have passed since the issuance of a notification about his appointment. The four-year term of the current Banking Ombudsman expired on March 13, 20
Published 09 Apr, 2019 12:00am
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New banking ombudsman still waiting for oath

The oath-taking ceremony of new Banking Ombudsman (Mohtasib) has not taken place although over three months have passed since the issuance of a notification about his appointment. The four-year term of the current Banking Ombudsman expired on March 13, 20
Published 09 Apr, 2019 12:00am
Print

New banking ombudsman still waiting for oath

The oath-taking ceremony of new Banking Ombudsman (Mohtasib) has not taken place although over three months have passed since the issuance of a notification about his appointment. The four-year term of the current Banking Ombudsman expired on March 13, 20
Published 09 Apr, 2019 12:00am
Markets

ECs to sell greenback on presentation of evidence

Exchange Companies on Friday decided to sell dollar only for travel, education and medical purposes on presentation of evidence. Malik Muhammad Bostan President FAP told Business Recorder that association has decided to sell the dollar only for tra
Published 06 Apr, 2019 12:00am
Markets

ECs to sell greenback on presentation of evidence

Exchange Companies on Friday decided to sell dollar only for travel, education and medical purposes on presentation of evidence. Malik Muhammad Bostan President FAP told Business Recorder that association has decided to sell the dollar only for tra
Published 06 Apr, 2019 12:00am
Markets

ECs to sell greenback on presentation of evidence

Exchange Companies on Friday decided to sell dollar only for travel, education and medical purposes on presentation of evidence. Malik Muhammad Bostan President FAP told Business Recorder that association has decided to sell the dollar only for tra
Published 06 Apr, 2019 12:00am
Print

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan''s total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country''s foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to
Published 05 Apr, 2019 12:00am
Print

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan's total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country's foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to r
Published 05 Apr, 2019 12:00am