Trends - SBP - Business Recorder

SBP

Baqir expects more milestones as Roshan Digital Accounts achieve $500mn target

“It is a great day for us as the State Bank of Pakistan (SBP) Roshan Digital Accounts have achieved the milestone of $500 million,” said Baqir in a ceremony on Thursday, while thanking the Prime Minister for the premier’s vision alongside lauding the Overseas Pakistanis as well.

Updated 18 Feb, 2021 12:51pm

Business & Finance

Askari Bank records stellar performance

KARACHI: Askari Bank announced after tax profit of Rs 10.8 billion, a growth of 54% over last year. The Bank also...

Updated 18 Feb, 2021 09:27am

Business & Finance

SBP initiates foreign exchange digitization

Mohammad Ashraf Khan, Managing Director, SBP Banking Services Corporation, said that the payment would be transparent and online.

Published 17 Feb, 2021 10:24am

Markets

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 17 Feb, 2021 04:24am

$6bn IMF programme: $500m in sight after reaching staff-level deal

ISLAMABAD: The International Monetary Fund (IMF) team led by Ernesto Ramirez Rigo, concluded virtual discussions ...

Updated 17 Feb, 2021 09:32am

NRPs maintaining RDAs: Simplified tax regime unveiled

KARACHI: Based on the feedback from the diaspora and recommendations from the State Bank of Pakistan (SBP), the...

Updated 17 Feb, 2021 09:32am

Project for SMEs financing by SBP: Likely delay, cost overrun attributed to lockdown, PKR dip

ISLAMABAD: The Finance Ministry has attributed likely delay and cost overrun of financial inclusion and...

Published 17 Feb, 2021 04:24am

Pakistan

Govt simplifies tax regime for Roshan Digital Accounts: SBP

The SBP said the amendments extended the coverage of full and final taxation regime to dividends and capital gains on shares and mutual funds investments.

Published 16 Feb, 2021 09:37pm

Business & Finance

Pakistan, IMF reach staff-level agreement on pending reviews under EFF

“This agreement is subject to the approval of the IMF’s Executive Board. The reviews’ completion would release around $500 million,” read the IMF statement.
Both parties reached the staff-level agreement on the second to fifth reviews of the authorities’ reform program supported by the IMF 39-month Extended Fund Facility (EFF) arrangement for the amount of SDR 4,268 million (about US$6 billion).

Published 16 Feb, 2021 07:58pm

Opinion

Conflicting indicators

The economy is in a state of transition from the deep recession during March to June 2020 after COVID-19 to a phase...

Published 16 Feb, 2021 04:07am

Markets

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 16 Feb, 2021 04:07am

Remittances exceed $2bn for eighth straight month

KARACHI: Inflows of home remittances continued to post a strong growth, exceeding $2 billion for the eighth...

Updated 16 Feb, 2021 09:40am

Business & Finance

SBP setting up one window portal, informs Kamil

Talking to a private channel, SBP Deputy Governor said that one window portal would be set up soon for the convenience of the people.

Published 15 Feb, 2021 01:40pm

Business & Finance

Pakistan’s Workers Remittances exceeded $2bn in Jan 2021

The growth in remittances recorded an increase of 19 percent over January 2020. However, remittances remained slightly lower from December 2020 level of $2.4 billion.

Updated 16 Feb, 2021 09:40am

Opinion

Data obfuscation

Macro-economic data released by the Ministry of Finance, particularly with reference to the fiscal deficit and total...

Published 15 Feb, 2021 04:53am

FATF Action Plan: Progress made on all 27 benchmarks

ISLAMABAD: Pakistan has made progress on all the 27 benchmarks laid down in Financial Action Task Force (FATF) ...

Published 15 Feb, 2021 04:53am

Opinion

Liberalizing foreign exchange regime

One important factor in facilitating foreign capital (investment) inflow into the country is to allow it to move out...

Published 14 Feb, 2021 03:49am

Business & Finance

FBR proposes setting up of CITRO for centralised payment of refunds

LAHORE: The Federal Board of Revenue (FBR) has proposed setting up of a Centralized Income Tax Refund Office (CITRO)...

Published 14 Feb, 2021 03:49am

Business & Finance

FPCCI chief for extending ‘Refinance Scheme’ for payment of wages, salaries

KARACHI: President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggo has...

Published 14 Feb, 2021 03:49am

Pakistan

FPCCI asks SBP to extend refinance scheme to support employment

Under this scheme, SBP has released Rs 238 billion to the private sector.

Published 13 Feb, 2021 06:39pm

RDA, NPCs: SBP chief explains how new initiatives will benefit economy

KARACHI: The Governor State Bank of Pakistan (SBP) Dr Reza Baqir elaborated that initiatives of Roshan Digital...

Published 13 Feb, 2021 04:11am

Business & Finance

ADB to assist Ministry of Commerce in E-Commerce Policy implementation

It was also noted that the new State Bank of Pakistan (SBP) policy will encourage brand acquisition & export of high-value products, informed Dawood.

Published 12 Feb, 2021 12:36pm

Pakistan

Revision in FE Manual: Value-added textile export sector lauds PM

KARACHI: The value-added textile export sector has lauded Prime Minister Imran Khan for approving the productive...

Updated 12 Feb, 2021 09:32am

Mark-up subsidy scheme: Over 8,000 applications received, Baqir tells PM

ISLAMABAD: Prime Minister Imran Khan was informed by the governor State Bank of Pakistan (SBP) that within few weeks...

Updated 12 Feb, 2021 09:27am

Editorials

Start-ups gain traction

EDITORIAL: In modern tech world, new businesses are growing in a shape which is vastly different from the...

Published 12 Feb, 2021 04:54am

Pakistan

Forex reserves fall to $12.949bn

Reserves held by the SBP were recorded at $12,949 million compared with $13,031 million in the previous week.

Published 11 Feb, 2021 08:38pm

Business & Finance

Why do you have to pay Rs 2.50 for an ATM receipt?

“This initiative is part of a ‘Go-Green’ exercise to reduce litter and lower the cost of printed proceeds which are usually discarded immediately. In addition, sensitive customer information is left for others to peruse,” stated 1Link.

Published 11 Feb, 2021 01:02pm

Business & Finance

State Bank revised policy to boost Pakistani exporters presence abroad: PBC

“Under the revised policy exporters may invest up to 10% of average annual exports of last 3 years or $100,000, whichever is higher, to establish subsidiaries/branch offices abroad,” it added.

Published 11 Feb, 2021 11:04am

Pakistan

Mechanism needed to improve e-commerce: CAP

LAHORE: The courier delivery time, high frequency of order cancellations and returns, fake orders, delays in...

Published 11 Feb, 2021 04:35am

Pakistan

CDNS meets net target of Rs450bn free deposits

ISLAMABAD: The savings of the Central Directorate of National Savings (CDNS) has reached to the free deposit of ...

Published 11 Feb, 2021 04:34am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 2 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 2 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 2 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 2 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 2 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 2 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 2 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 2 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 2 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 2 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 2 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 2 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 2 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 2 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

SBP

Most Popular Articles