The slowdown in real economy Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the... Updated 13 Nov, 2023 12:16pm
Editorials First staff review negotiations with IMF EDITORIAL: The International Monetary Fund team (IMF) is currently in Pakistan for the first scheduled Stand-By... Published 08 Nov, 2023 05:42am
Business & Finance Exchange companies: SBP gives NOC to Habib Metropolitan Bank The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a... Updated 30 Oct, 2023 05:11pm
Markets Bank of Punjab considers wholly-owned Exchange Company The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange... Published 30 Oct, 2023 11:46am
Business & Finance Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for... Published 28 Oct, 2023 05:58am
Business & Finance Askari Bank latest to establish wholly-owned Exchange Company Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company... Updated 27 Oct, 2023 10:57pm
Markets Goldman’s analysts say Pak rupee rally to be ‘short lived’: report Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains... Updated 26 Oct, 2023 10:44pm
Markets ‘B’ Category: Authorisation of 5 forex cos suspended KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’... Updated 12 Oct, 2023 09:58am
Markets Habib Metropolitan Bank says it will establish wholly-owned EC The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,... Published 10 Oct, 2023 05:44pm
Opinion Real reforms in sight? The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through... Updated 09 Oct, 2023 09:35am
Business & Finance IMF programme: Govt will deliver to secure $700m under SBA: Shamshad ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700... Updated 03 Oct, 2023 06:23am
Business & Finance SBP suspends authorisation of two exchange companies KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an Exchange... Published 26 Sep, 2023 06:33am
Markets Bank AL Habib says will establish wholly-owned Exchange Company Becomes fourth bank in recent weeks to make this announcement Updated 22 Sep, 2023 10:40pm
Print ECs have no role in volatile exchange rate: Bostan KARACHI: Malik Muhammad Bostan, Chairman of Exchange Companies Association of Pakistan (ECAP), Tuesday said Exchange... Updated 20 Sep, 2023 10:43am
Business & Finance Meezan Bank says it will establish wholly-owned Exchange Company The Board of Directors (BoD) of Meezan Bank Limited, the largest Islamic bank in the country, announced that it will... Updated 15 Sep, 2023 07:12pm
Print ECs all praise for army chief KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market... Updated 08 Sep, 2023 09:34am
Print Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on... Updated 07 Sep, 2023 09:17am
Markets SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector Updated 06 Sep, 2023 11:41pm
Print Six incentive schemes of SBP: ECC approves proposal of changes in contours ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the State Bank of Pakistan (SBP)’s... Updated 08 Aug, 2023 08:43am
Print Purchase of USD for card payments facility extended by 5 months KARACHI: The State Bank of Pakistan (SBP) has decided to extend settlement of card-based cross-border transactions... Updated 01 Aug, 2023 09:39am
Business & Finance Interbank, open market: Import of cash USD to help narrow rate differences: expert KARACHI: The permission of import of cash US dollars by Exchange Companies (ECs) will increase the dollar inflows... Updated 27 Jul, 2023 09:23am
Markets Rupee ends 8-session losing streak, settles at 287.04 against US dollar Currency appreciates 0.52% in inter-bank market Updated 26 Jul, 2023 09:27pm
Print ECs can import dollars in cash through cargo or security companies KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars... Updated 26 Jul, 2023 04:21pm
Print Vegetable ghee/cooking oil: ECC allows export from EPZs, MBs, EOUs to Afghanistan ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly allowed export of vegetable... Updated 26 Jul, 2023 01:18pm
Pakistan ECs asked to ensure monitoring thru CCTV recordings 24/7 KARACHI: The State Bank of Pakistan (SBP) has advised the exchange companies to ensure continuous 24/7 recording at... Published 26 May, 2023 06:48am
Business & Finance SBP revokes licences of 2 errant ECs KARACHI: The State Bank of Pakistan (SBP) Thursday revoked the licenses of two exchange companies for non-compliance... Published 31 Mar, 2023 06:45am
Print Forex buyers, sellers: Senate panel urged to remove CNIC-video condition ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate... Updated 30 Mar, 2023 08:27am
Markets FCY: how did open market behave after Exchange Companies lifted the price cap All eyes were on the open market of foreign currency on Wednesday after the Exchange Companies (ECs) lifted what... Updated 26 Jan, 2023 03:57am
Business & Finance SBP suspends authorisation of 11 outlets of 8 ECs KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorisation of 11 outlets of... Published 24 Jan, 2023 07:05am
Print Remittances, export proceeds: ECAP seeks special exchange rate KARACHI: In order to enhance the foreign inflows, the Exchange Companies Association of Pakistan (ECAP) has... Updated 17 Jan, 2023 11:22am