The reasons why IT-telecom sector lagging behind explained ISLAMABAD: Pakistan’s information technology and telecom sector is lagging behind its potential due to... Updated 03 Nov, 2022 12:17pm
Business & Finance SBP extends last date for encashment of withdrawn prize bonds Earlier, the government had fixed deadline of June 30, 2022, for redemption/encashment of prize bonds. Published 02 Nov, 2022 04:05pm
Pakistan Govt urged to ensure full benefits of package reach farmers LAHORE: Welcoming the “Kissan Package” announced by the federal government, representatives of different... Published 02 Nov, 2022 04:37am
Print Import of coal: CPHGC approaches PMO for approval of foreign exchange ISLAMABAD: M/s China Power Hub Generation Company (Private) Limited (CPHGC) has approached Prime Minister Office... Published 02 Nov, 2022 04:37am
Business & Finance Banking Mohtasib opens office at Faisalabad KARACHI: A new Regional Office of Banking Mohtasib Pakistan {BMP) has become functional at State Bank of Pakistan... Published 02 Nov, 2022 04:37am
Markets CPI-based inflation jumps in October, clocks in at 26.6% CPI inflation in rural areas clocked in at 29.5% on a year-on-year basis Brokerage house says reading in line with market expectation Updated 01 Nov, 2022 07:16pm
Markets Rupee records marginal gain, settles at 220.65 against US dollar Back-to-back gains come after finance minister’s meeting with banks and exchange companies Updated 01 Nov, 2022 07:17pm
Opinion The optimism of SBP The recent statement by the Monetary Policy Committee of the SBP (State Bank of Pakistan) has certainly provided... Published 01 Nov, 2022 05:55am
Markets Rupee ends depreciation run, settles with 0.72% gain against US dollar Experts attribute reversal in rupee's trajectory to Ishaq Dar's recent statements on curbing currency manipulation Updated 31 Oct, 2022 07:43pm
Print MoF Outlook: Challenges ahead as flood damages to impact whole economy ISLAMABAD: Pakistan is faced with challenging economic environment subsequent to damages caused by the floods,... Updated 31 Oct, 2022 10:22am
Markets Dar takes major steps to tackle rupee volatility Minister for Finance asks banks and ECs to avoid manipulation of the dollar, warns of strict action if institutions are found involved in unlawful practices Updated 30 Oct, 2022 04:12pm
Business & Finance SBP fines six banks Rs290mn over regulatory, operational violations Bank Al Habib Limited slapped with highest penalty of Rs140.03 million Published 28 Oct, 2022 06:46pm
Markets Rupee records 3rd successive loss, settles at 222.47 against US dollar Since October 13, the currency has lost Rs4.09 against the US dollar Updated 28 Oct, 2022 08:53pm
Business & Finance SBP suspends authorization of ‘B’ Category EC KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an ‘B’... Published 28 Oct, 2022 06:54am
Print SBP governor launches ‘Roshan Equity Investment’ KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday said that Roshan Digital Account (RDA) has... Updated 28 Oct, 2022 09:49am
Business & Finance IMC registers huge decline in sales, profits in Q1 FY2023 KARACHI: Indus Motor Company Limited (IMC), announced its financial results for the first quarter ended September ... Published 28 Oct, 2022 05:58am
Business & Finance Foreign investors: Q1 repatriation of profit, dividend plunges 88pc YoY KARACHI: The repatriation of profit and dividend by foreign investors declined sharply by 88 percent during the ... Updated 28 Oct, 2022 11:37am
Markets SBP-held forex reserves fall $157mn to stand at $7.44bn, ADB's loan to be reflected next week Net foreign reserves held by commercial banks amount to $5.72bn, taking country's total reserves' position to $13.16bn Published 27 Oct, 2022 08:24pm
Markets Rupee records back-to-back losses, settles at 221.5 against US dollar Depreciates 0.37% in inter-bank market, spread with open market widens Updated 27 Oct, 2022 09:09pm
Opinion The journey of Islamic banking in Pakistan Islamic banking aligns with the spirit, ethos, and value system of Islam and is governed by the principles laid down... Published 27 Oct, 2022 05:54am
Print SBP urged to allow Rousch Power to import equipment ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged the State Bank of Pakistan (SBP) to allow... Updated 27 Oct, 2022 09:46am
Print Imported coal: SBP reluctant to approve forex payments: CPPA-G ISLAMABAD: Central Power Purchasing Agency–Guaranteed (CPPA-G) on Wednesday revealed that State Bank of Pakistan... Updated 27 Oct, 2022 09:46am
Print Facial recognition of users by LEAs: Banks told to install quality CCTVs at ATMs, on branch premises KARACHI: The State Bank of Pakistan (SBP) has directed banks to install top quality CCTVs at ATMs and around branch... Updated 27 Oct, 2022 09:47am
Business & Finance HBL’s 9M’22 PBT rises to Rs55.6bn, up 20pc YoY KARACHI: HBL on Wednesday declared a consolidated profit before tax (PBT) of Rs 55.6 billion for the first nine... Published 27 Oct, 2022 05:54am
Pakistan Forex boost: SBP receives $1.5bn from ADB, says Dar Funds part of ADB's response package to support Pakistan in the wake of recent floods Updated 26 Oct, 2022 08:55pm
Pakistan Money laundering, Park Lane cases’ hearing adjourned till Nov 2 ISLAMABAD: An accountability court on Tuesday adjourned the hearing of mega money laundering and Park Lane cases... Published 26 Oct, 2022 05:52am
Business & Finance Stamp duty collection: SBP designates Sindh Bank as agent KARACHI: The State Bank of Pakistan (SBP) has designated Sindh Bank Ltd as agent for collection of Sindh’s stamp... Published 26 Oct, 2022 05:52am
Business & Finance SBP directs FIs to submit shareholding info KARACHI: The State Bank of Pakistan (SBP) has directed the Financial Institutions to submit shareholding information... Updated 26 Oct, 2022 09:30am
Markets Rupee registers third successive gain, settles at 219.73 against US dollar In last three sessions, rupee has appreciated by 0.56% against the US dollar Updated 25 Oct, 2022 08:56pm
Opinion Foreign inflows at a low ebb International perceptions of the declining credit worthiness of Pakistan have been augmented by the downgrading of... Published 25 Oct, 2022 05:51am