Faysal Bank to set up ‘wholly-owned’ Exchange Company Becomes 5th commercial bank to make such announcement this month Updated 28 Sep, 2023 09:33pm
Business & Finance APSR for FY23 released: Banks, MFBs process e-banking transactions worth Rs167.4trn KARACHI: Banks and MFBs have processed 2,073.3 million e-banking transactions amounting to Rs. 167.4 trillion in... Updated 28 Sep, 2023 10:05am
Print Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging... Updated 19 Sep, 2023 09:42am
Print Banks and FIs: MoF to do away with direct credit lines ISLAMABAD: The Finance Ministry has reportedly decided to do away with direct credit lines from banks/financial... Updated 14 Sep, 2023 09:09am
BR Research Crescent Steel and Allied Products Limited Crescent Steel and Allied Products Limited (PSX: CSAP) was incorporated in Pakistan as a public limited company in... Updated 16 Aug, 2023 02:03pm
Editorials What happens when cash reigns supreme? EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,... Published 16 Aug, 2023 05:50am
Print Aug-Oct auction calendar: Govt plans to borrow Rs11.09trn from banks KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the... Updated 08 Aug, 2023 09:41am
Opinion The corruption challenge The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level... Updated 04 Aug, 2023 06:43am
Business & Finance Banks vote to limit accounting of emissions in bond and stock sales LONDON: Banks working to develop global standards on accounting for carbon emissions in bond or stock sale... Published 31 Jul, 2023 06:43am
Print Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year Updated 26 Jul, 2023 01:00pm
Business & Finance Publication on banking sector released: ‘Financial inclusion remains a challenge’ KARACHI: The financial inclusion remains a challenge for Pakistan with lower financial, women and rural inclusion... Published 15 Jul, 2023 06:08am
Business & Finance EU agrees tougher rules on banks BRUSSELS: The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a... Published 28 Jun, 2023 06:31am
Opinion Unmasking regressive banking In today’s fast-paced world marked by technological advancements and social progress, the banking industry has... Published 21 Jun, 2023 06:00am
Business & Finance Banks to collect duties/taxes on 24th KARACHI: In order to facilitate the taxpayers in payment of Government duties/taxes, the State Bank of Pakistan has... Published 20 Jun, 2023 03:16am
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Print Banks recording WHTs on real-time basis, FBR informs FTO ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Federal Tax Ombudsman (FTO) that all bank branches... Updated 18 Jun, 2023 10:09am
Print Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to... Updated 10 Jun, 2023 08:51am
Print Banks disburse Rs1.222trn agri credit KARACHI: With 27.5 percent growth, the agriculture lending financial institutions have disbursed Rs 1.222 trillion... Updated 09 Jun, 2023 08:57am
Business & Finance SBP for submission of FCY cross- border payments/ transfer cases KARACHI: The State Bank of Pakistan (SBP) has asked for submission of FCY Cross Border Payments Cases through SBP... Published 07 Jun, 2023 06:05am
Print IPSs settlement: Banks can buy dollars from interbank market: SBP KARACHI: The State Bank of Pakistan (SBP) Wednesday allowed banks to purchase US dollars from interbank for... Updated 01 Jun, 2023 09:04am
Print Budget proposals by PBA: FBR urged to gradually reduce tax rate for banks KARACHI: Pakistan Banks Association (PBA), demanding a level playing field, has proposed to the Federal Board of... Updated 26 May, 2023 08:52am
Business & Finance Q1CY23: SBP imposes fines on five banks KARACHI: The State Bank of Pakistan (SBP) has imposed Rs 224 million fines on five banks during the first quarter... Published 25 May, 2023 06:26am
Business & Finance Inflation fight risks central banks’ credibility and autonomy, BIS warns LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global... Published 22 May, 2023 06:23am
Business & Finance SBP invites applications for selection of PDs KARACHI: The State Bank of Pakistan (SBP) has invited applications for selection of Primary Dealers/Preliminary... Published 13 May, 2023 05:59am
Editorials Banks, not savers, get paydays from deposits? EDITORIAL: In a rising interest rate environment, some commercial banks have been trying to forcefully convert the... Published 08 May, 2023 06:40am
Print Listed banks: High interest rate brings in record profitability KARACHI: Pakistan listed banks profitability increased to record Rs 126 billion, up 56 percent on year-on-year basis... Updated 04 May, 2023 09:15am
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 EU plans to prevent taxpayer cash being used to save failing banks BRUSSELS: The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into ... Published 19 Apr, 2023 06:36am
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
Print Core banking systems: SBP asks banks to submit FERs data KARACHI: The State Bank of Pakistan (SBP) has asked banks to submit data of Foreign Exchange Returns (FERs) prepared... Updated 13 Apr, 2023 08:49am