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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

Business & Finance

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