Opening of LCs: Banks overcharging importers to face action, SBP assures NA panel ISLAMABAD: The State Bank of Pakistan (SBP) has assured the National Assembly’s Standing Committee on Finance... Published 17 Nov, 2022 05:59am
Markets Pakistan’s perceived default risk worsens 'owing to IMF uncertainty' Expert says CDS would normalise after inflows from friendly countries and global lender are realised Updated 16 Nov, 2022 06:26pm
Editorials Enough dollar reserves? EDITORIAL: Governor State Bank of Pakistan Jameel Ahmed while speaking to media on the sidelines of a ceremony at ... Published 16 Nov, 2022 05:50am
Markets Rupee marginally weakens against US dollar, settles at 221.91 Currency has remained largely stable in recent weeks Updated 15 Nov, 2022 09:02pm
Business & Finance BOA approves six SEZs ISLAMABAD: Federal Minister for Board of Investment (including Chinese and other FDI) and Special Initiatives,... Published 15 Nov, 2022 05:52am
Print Sufficient forex stocks available: SBP KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that the State bank has sufficient stocks of... Updated 15 Nov, 2022 09:45am
Editorials Forex reserves EDITORIAL: The drop in foreign exchange reserves to $7.96 billion, as of 4 November 2022, must be disconcerting for... Published 15 Nov, 2022 05:52am
Markets SBP expands scope of investigation into alleged exchange-rate manipulation Pakistan's central bank governor Jameel Ahmad says inspection team has been given November-end as its deadline to complete investigation Published 14 Nov, 2022 09:28pm
Markets PKR largely stable KARACHI: The rupee remained largely stable during the previous week, appreciating 0.12% against the US dollar to... Published 14 Nov, 2022 05:55am
Markets SBP review of sale, purchase deals: Increased FX income of banks driven by higher spread, Senate panel told ISLAMABAD: The review of sale/purchase transactions of inspected banks suggested that the overall increase in ... Updated 13 Nov, 2022 09:25am
Print ‘Riba-free’ banking: SBP withdraws appeal against FSC verdict ISLAMABAD: The State Bank of Pakistan (SBP) on Saturday filed an application before the Supreme Court to withdraw... Updated 13 Nov, 2022 09:24am
Editorials Sharia-compliant desperation EDITORIAL: Finance Minister Ishaq Dar’s decision to give the economy a no-interest, sharia-compliant makeover by... Updated 12 Nov, 2022 06:53am
Business & Finance Consignments, LCs: SBP governor assures FBR chief issues will be resolved ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad called on Asim Ahmad, Chairman FBR at FBR HQ to... Published 12 Nov, 2022 05:55am
Business & Finance Jul-Oct remittances down 9pc YoY KARACHI: Inflows of home remittances fell by 9 percent during the first four months of this fiscal year (FY23) as... Published 12 Nov, 2022 05:55am
Business & Finance BankIslami: JS Bank acquires 86,316,954 ordinary shares KARACHI: JS Bank Limited has acquired 86,316,954 ordinary shares, constituting 7.79 percent paid-up capital of... Published 12 Nov, 2022 05:55am
Print Senate body members accuse FBR of harassing people ISLAMABAD: Members of the Senate Standing Committee on Finance have accused the Federal Board of Revenue (FBR) of... Updated 12 Nov, 2022 09:35am
Business & Finance Unauthorised foreign exchange activities: SBP introduces ‘Whistle Blowing Forum’ KARACHI: The State Bank of Pakistan (SBP) on Friday introduced Whistle Blowing Forum for identification of... Published 12 Nov, 2022 05:55am
Markets Unauthorised foreign exchange activities: SBP introduces whistle blowing forum Move aimed at promoting environment of accountability and integrity Published 11 Nov, 2022 08:10pm
Markets 'Illegal channels take toll' as remittances fall nearly 16% in October Inflow drops to $2.2 billion, lowest since February 2022 Decline attributed to rise in informal channels and global economic slowdown Updated 11 Nov, 2022 10:26pm
Markets Import of spare parts, consumable items: NPPMCL seeks PPIB’s help for LCs opening ISLAMABAD: The National Power Parks Management Company Limited (NPPMCL) has sought help from Private Power &... Published 11 Nov, 2022 06:50am
Pakistan Oath of Khatm-e-Nabuwat to be included in nikahnama, NA assured ISLAMABAD: The government on Thursday assured the National Assembly to include the oath of Khatm-e-Nabuwat [Finality... Published 11 Nov, 2022 05:54am
Business & Finance NIFT ePay partners with KuickPay to facilitate digital payments nationwide KARACHI: KuickPay and NIFT ePay have joined hands to amplify digital payments nationwide. The agreement was signed... Published 11 Nov, 2022 05:54am
Editorials Oct economic update EDITORIAL: The final remarks of the monthly economic update and outlook uploaded on the Ministry of Finance website... Published 11 Nov, 2022 05:54am
Business & Finance Forex reserves down $958m in a week KARACHI: The country’s total liquid foreign exchange reserves fell sharply $958 million in a week due to external... Published 11 Nov, 2022 05:54am
Markets Alarm bells: SBP-held foreign exchange reserves plunge $956mn, stand at $7.96bn Decrease attributed to external debt servicing SBP says refinancing of loans in process, will improve foreign exchange reserves in coming weeks Published 10 Nov, 2022 07:04pm
Opinion The challenge of rising inflation This is apropos a Business Recorder news item “Dar, SBP chief discuss fiscal, monetary steps” carried by the... Published 10 Nov, 2022 06:37am
Editorials IMF ninth review EDITORIAL: The starting date for negotiations on the ninth mandatory International Monetary Fund (IMF) review, a... Published 10 Nov, 2022 06:07am
Print Economic crisis: AIIB to give us $500m to counter social fallout ISLAMABAD: Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian... Updated 10 Nov, 2022 09:09am
Print SBP launches ‘ESRM manual’ for banks and DFIs KARACHI: The State Bank of Pakistan (SBP) Wednesday launched Environmental & Social Risk Management (ESRM)... Updated 10 Nov, 2022 09:08am
Print Environmental, social risks: Financial sector must become sensitive to consequences: SBP governor KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Wednesday said Pakistan is one of the most vulnerable... Updated 10 Nov, 2022 09:07am