Germany warns EU over tampering with schemes for struggling banks LONDON: Germany has told the European Union not to tamper with rules that allow banks which are part of a network... Published 10 Apr, 2023 06:45am
Business & Finance Hajj 2023: Banks receive nearly 73,000 applications Government's Regular Scheme quota is 44,190 Updated 01 Apr, 2023 09:06pm
Print Probe into T-bill bids: Senate panel urged to direct SBP to assist CCP ISLAMABAD: The Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain Hassan has approached the Senate... Updated 31 Mar, 2023 08:54am
Business & Finance India asks state-run banks to monitor top loan accounts MUMBAI: India has asked state-run lenders to adopt stricter monitoring of top corporate loan accounts and submit a... Published 30 Mar, 2023 06:35am
Pakistan Banking hours in Ramazan KARACHI: The State Bank of Pakistan (SBP) has announced office and business hours for the Month of Ramazan ul ... Updated 23 Mar, 2023 06:15am
Business & Finance Bank holiday KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Friday, March 24, 2023, which... Published 22 Mar, 2023 07:41am
Business & Finance Bank holiday KARACHI: The State Bank of Pakistan (SBP) and all banks will remain closed on 23rd March, 2023 (Thursday) being... Published 21 Mar, 2023 07:30am
Markets Rupee continues to fall, settles at 282.3 against US dollar Currency loses 1.13% against US dollar in inter-bank market Updated 09 Mar, 2023 06:50pm
Print Forex manipulation: SBP governor says probe against banks completed ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report... Updated 09 Mar, 2023 08:55am
Print Poor nations’ leaders unleash anger, despair Make pointed calls for developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change Updated 06 Mar, 2023 08:41am
Business & Finance SBP expedites proceedings against exporters for realisation of e-forms LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by... Published 04 Mar, 2023 06:50am
Print Moody’s downgrades long-term deposit ratings of five banks ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded to Caa3 from Caa1 the long-term deposit ratings of... Updated 04 Mar, 2023 09:11am
Markets Bank finance for cleaner energy grows, but still lags fossil fuels LONDON: Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to ... Published 01 Mar, 2023 06:21am
Print ‘Advance to Deposit Ratio’: Higher rate of tax will not apply on banks for TY 2024 ISLAMABAD: The higher rate of tax for “Advance to Deposit Ratio” will not apply on banks for tax year 2024, ... Updated 01 Mar, 2023 09:05am
Print PPRA declines giving exemption to Exim Bank ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has turned down a proposal of Exim Bank for exemption... Updated 27 Feb, 2023 08:43am
Print SBP injects Rs1.8trn into market KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1.8 trillion into the market to provide liquidity to... Updated 25 Feb, 2023 01:27pm
Print Outsourcing govt borrowing on the cards Finance Ministry is working on a plan with SECP to outsource government borrowing aimed at getting money from public at less rates than banks Updated 24 Feb, 2023 11:40am
Business & Finance Delay in LCs’ retirement may lead to controversies involving forged documents LAHORE: Undue delay in the retirement of Letters of Credit (LCs) documents by banks may lead to further ... Updated 23 Feb, 2023 07:19am
Print ICIEC re-insurance deals: Govt decides to exempt Exim Bank from PPRA rules ISLAMABAD: The government has decided to exempt Exim Bank from applicability of PPRA Rules, for signing of the... Updated 17 Feb, 2023 08:49am
Print Raising financing for national security: Finance Division decides to avail direct credit lines ISLAMABAD: Finance Division has reportedly decided to avail direct credit lines from banks/ financial institutions ... Updated 15 Feb, 2023 09:06am
Business & Finance Banks not sharing info about debit/credit machines with FBR? LAHORE: Banks are said to be not sharing information in connection with debit/credit machines installed by them to... Published 05 Feb, 2023 03:10am
Print ‘Rules’ allow banks to seek asset details of civil servants ISLAMABAD: The “Sharing of Declaration of Assets of Civil Servants Rules, 2023” allows commercial banks to seek... Updated 04 Feb, 2023 09:28am
Print Rules notified: FBR, banks can share info about civil servants’ assets ISLAMABAD: The Federal Board of Revenue (FBR) Thursday notified “Sharing of Declaration of Assets of Civil Servants... Updated 03 Feb, 2023 08:59am
Business & Finance Importers, clearing agents welcome SBP initiative LAHORE: Importers and clearing agents have welcomed State Bank of Pakistan (SBP) advice to banks for providing a... Published 24 Jan, 2023 07:51am
Print Consignments stuck at ports: Banks told to give one-time facilitation to importers KARACHI: In order to clear the stuck consignments at ports, the State Bank of Pakistan (SBP) has advised banks to... Updated 24 Jan, 2023 08:59am
Business & Finance Dollar manipulation: SBP says probe complete, decision to be made on fiscal or regulatory action Action would be taken by either the SBP or government, but dual action cannot be taken, says central bank governor Jameel Ahmad Updated 23 Jan, 2023 07:42pm
Business & Finance Insurance ombudsman finalises arrangements for national conference KARACHI: Federal Insurance Ombudsman Dr Muhammad Khawar Jameel has finalised the arrangements for the annual two-day... Published 19 Jan, 2023 07:13am
Print Forex: industry makes prudent move ISLAMABAD: The country’s struggling industry has sought government’s nod to use foreign exchange (dollars)... Updated 19 Jan, 2023 08:40am
Business & Finance SBP governor hopeful of foreign exchange inflows in coming days During address at FPCCI, Jameel Ahmad expresses commitment to resolving issues of business community Updated 18 Jan, 2023 06:54pm
Markets NGOs denounce banks financing new oil and gas projects PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ... Published 18 Jan, 2023 06:47am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?