Markets Islamic Naya Pakistan Certificate unveiled KARACHI: The government of Pakistan has started issuance of Islamic Naya Pakistan Certificates (INPCs) for overseas... Updated 24 Oct, 2020 03:08am
Markets Export proceeds retained in forex accounts: SBP decides to enhance scope of funds' utilization KARACHI: The State Bank of Pakistan (SBP) has decided to enhance the scope of utilization of export proceeds funds... Published 23 Oct, 2020 02:32am
Markets Robustness of banks' systems, controls: SBP extends timeline for first review KARACHI: The State Bank of Pakistan (SBP) has granted extension of six months for the first review of the robustness... Published 23 Oct, 2020 02:32am
Markets First quarterly surplus in over 5 years: CA posts $792m surplus in Q1 KARACHI: The country’s current account posted a surplus of $792 million during Jul-Sep of this fiscal year (FY21),... Updated 22 Oct, 2020 03:17am
Business & Finance COVID-19 challenges: SBP extends timelines for various regulatory requirements KARACHI: The State Bank of Pakistan (SBP) has decided to extend the timelines for various regulatory requirements as... Published 22 Oct, 2020 02:54am
Markets Naya Pakistan Certificates: SBP allows resident Pakistanis to invest KARACHI: The State Bank of Pakistan (SBP) has allowed resident Pakistanis, having assets abroad, to invest in USD... Published 21 Oct, 2020 02:53am
Print TCP sugar tender receives only one bid KARACHI: Trading Corporation of Pakistan's (TCP) sugar import tender received only a single bid for supply of 50,000... Published 21 Oct, 2020 02:53am
Print Punjab to receive wheat as ship has berthed at Karachi KARACHI: Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) has decided ... Published 18 Oct, 2020 02:49am
Print Floating-rate PIBs: SBP amends instructions KARACHI: The State Bank of Pakistan (SBP) on Friday amended instructions regarding Floating Rate Pakistan Investment... Published 17 Oct, 2020 03:08am
Markets SBP amends exchange companies manual KARACHI: The State Bank of Pakistan (SBP) has amended exchange companies manual by incorporating references related... Published 17 Oct, 2020 03:08am
Print FDI down 24 percent in Q1FY21 KARACHI: Foreign Direct Investment (FDI) declined by 24 percent during the first quarter of this fiscal year (FY21).... Published 17 Oct, 2020 03:08am
Markets SBP's reserves fall by over $1bn on debt servicing KARACHI: The State Bank of Pakistan's foreign exchange reserves declined sharply by over one billion dollars during... Published 16 Oct, 2020 02:45am
Print TCP wheat tender: Six global suppliers submit bids KARACHI: The Trading Corporation of Pakistan (TCP) has received six (6) bids ranging from $284 to $296 per metric... Published 15 Oct, 2020 03:10am
Print Remittances top $2bn for fourth month KARACHI: Inflows of workers' remittances continued to post strong growth, surging by 31 percent during the first... Updated 13 Oct, 2020 03:07am
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 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