Insulating regulators from govt interference EDITORIAL: Reportedly, a much-needed amendments in Ogra (Oil and Gas Regulatory Authority) and Nepra (National... Published 01 Mar, 2024 02:59am
Business & Finance Monthly inflation rate projected to slow in February KARACHI: Inflation is projected to hover around 24.5-25.5% in February, with expectations of further easing to... Updated 01 Mar, 2024 11:08am
Markets SBP-held foreign exchange reserves fall below $8bn Debt repayments and lack of fresh inflows put pressure on dollar stockpile Updated 29 Feb, 2024 11:12pm
Print SBP revises timelines for Banks’ Floating Exchange Rates KARACHI: The State Bank of Pakistan (SBP) has revised the timelines for submission of data of Banks’ Floating... Updated 29 Feb, 2024 08:50am
Print Conduct of business of banks: FTO has no jurisdiction to probe legality: IHC ISLAMABAD: The Islamabad High Court (IHC) has declared that the Federal Tax Ombudsman (FTO) cannot assume the powers... Updated 28 Feb, 2024 09:19am
Opinion Utilisation of export proceeds for investments abroad, etc. General: The State Bank of Pakistan has issued an EPD Circular Letter No 02 of 2024 dated February 23, 2024. Through... Published 27 Feb, 2024 03:06am
Opinion Federal govt’s TSA—A big step in the right direction A Treasury Single Account (TSA) system reflects stronger internal controls over cash flows into and out of a... Published 27 Feb, 2024 03:06am
Opinion Outlook for BoP The balance of payments (BoP) statistics released by the State Bank of Pakistan for the period July 2023 to January... Published 27 Feb, 2024 03:06am
Business & Finance HBL Zarai Services inaugurated in Burewala LAHORE: HBL launched a new company, HBL Zarai Services, a significant step forward in the realm of agricultural... Published 27 Feb, 2024 03:06am
Print Caretakers likely to amend Banking Companies Ordinance ISLAMABAD: The federal government is likely to amend Banking Companies Ordinance, 1962, aimed at allowing voting... Updated 25 Feb, 2024 10:11pm
Business & Finance SBP official for greater focus on agri development KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah emphasized the need for greater focus on... Published 24 Feb, 2024 06:42am
Opinion An ‘appropriate’ finance minister, and the need for an over-arching ‘economic minister’ As a new elected government is about to come into office, there is talk of who should be the finance minister.... Updated 23 Feb, 2024 06:58am
Business & Finance Forex decreases by $44m KARACHI: The total liquid foreign reserves held by the State Bank of Pakistan (SB) decreased by $44 million to... Published 23 Feb, 2024 06:36am
Business & Finance Mobilink Bank witnesses 72pc revenue growth KARACHI: Mobilink Bank achieved multiple financial milestones in 2023, solidifying its position in the banking... Published 23 Feb, 2024 06:36am
Markets SBP-held foreign exchange reserves decrease $44mn, now stand at $8.01bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $44 million on a weekly basis,... Updated 22 Feb, 2024 10:31pm
Business & Finance SBP official describes interest-based loans as form of oppression KARACHI: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic... Published 22 Feb, 2024 06:55am
Business & Finance Year ended on Dec 31, 2023: Bank of Punjab records 50pc growth in total assets LAHORE: The Board of Directors of The Bank of Punjab (BOP) convened on Tuesday, to review and approve the Bank’s... Published 21 Feb, 2024 05:29am
Markets Roshan Digital Account inflow dips, clocks in at $142mn in Jan Total number of RDA accounts opened reach 659,806, up from 651,057 at December-end Updated 20 Feb, 2024 09:28pm
Print Jul-Jan FDI inflow down 21pc to $689.5m YoY KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7... Published 20 Feb, 2024 09:34am
Opinion Pakistan’s economy – way forward for 2024-25 Further to my article in Business Recorder in February 2023 titled “Redefining Pakistan’s Economy” that entailed a... Published 20 Feb, 2024 03:09am
Business & Finance Jul-Jan FDI inflow down 21pc to $689.5m YoY KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7... Updated 20 Feb, 2024 09:42am
Print Jan CAD stands at $269m KARACHI: Pakistan has recorded current account deficit (CAD) of $269 million in January 2024 as compared to current... Updated 20 Feb, 2024 09:14am
Markets Pakistan’s REER index surges to 101.7 in January Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of... Updated 19 Feb, 2024 10:39pm
Markets Pakistan’s current account posts deficit of $269mn in January 2024 Imports increase 11% on monthly basis, contributing to C/A deficit Updated 19 Feb, 2024 09:15pm
Markets Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government' Updated 19 Feb, 2024 10:25pm
Print Credit guarantee schemes for EVs on the cards ISLAMABAD: The government is likely to introduce a credit guarantee scheme for Electric Vehicles (EVs) through State... Updated 19 Feb, 2024 08:53am
Print PPIB urges SBP to clear $789m ‘dues’ of IPPs ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged State Bank of Pakistan (SBP) to clear “pending... Updated 16 Feb, 2024 09:21am
Business & Finance ‘No request made for help for re-profiling or restructuring of industrial loans’: PALSP ISLAMABAD This refers to erroneous reporting, perhaps due to an error in the minutes of the meeting floated by the... Published 16 Feb, 2024 06:02am
Business & Finance Forex reserves rise by $52m in a week KARACHI: The country’s total liquid foreign reserves rose by $ 52 million and stood at $ 13.149.1 billion end of... Published 16 Feb, 2024 06:02am
Business & Finance Easy house financing urged for middle-income groups Karachi: Builders and developers have urged the upcoming government and the State Bank of Pakistan (SBP) to ... Published 16 Feb, 2024 06:02am
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn