SBP imposes Rs525.244m penalty on 8 banks KARACHI: The State Bank of Pakistan (SBP) has imposed a Rs 525.244 million penalty on eight banks during the quarter... Published 06 Aug, 2021 04:18am
Print PIA-Sukuk-I declared security for maintenance of SLR KARACHI: The State Bank of Pakistan (SBP) Monday announced that PIA-Sukuk-I will be an approved security for... Published 03 Aug, 2021 03:13am
Editorials Monetary policy statement EDITORIAL: The decision to keep the discount rate unchanged at 7 percent by the Monetary Policy Committee (MPC)... Published 29 Jul, 2021 01:36pm
BR Research O ye, of little faith… SBP is the cat that ate the canary. In its Post-MPC Analyst briefing two days ago, the SBP boasted about robust... Published 29 Jul, 2021 08:30am
Print FY 2020-21: Credit to private sector stood at 33pc of lending ISLAMABAD: Credit to private sector by the banking system was 33 percent of total lending during 2020-21.... Published 25 Jul, 2021 04:34am
Business & Finance Forex rules related to imports amended KARACHI: The State Bank of Pakistan (SBP) has made amendments to forex regulations related to imports including... Published 20 Jul, 2021 04:26am
Business & Finance Rupee extends losses against dollar, nears 160 level ISLAMABAD: The Pakistani rupee lost 64 paisas against the US dollar in inter-bank trading on Friday, closing at... Published 16 Jul, 2021 06:55pm
Pakistan PM hails growth in housing finance: FIs achieve 97pc of June target: Baqir KARACHI: Housing and construction finance continues to increase, supported by favourable government policies and... Published 16 Jul, 2021 04:34am
Print Bank holidays KARACHI: The State Bank of Pakistan will remain closed from 20th to 22nd July, 2021 (Tuesday to Thursday) being... Published 16 Jul, 2021 03:08am
Print Remittances hit all-time high of $29.4bn KARACHI: Inflows of workers’ remittances rose to a historic level of $29.4 billion during the last fiscal year... Published 14 Jul, 2021 04:34am
Opinion PARTLY FACETIOUS: The rupee-dollar parity “What is so funny?” “I am sorry – it’s too funny for words.” Splutter. “Have a glass of water, calm... Published 10 Jul, 2021 03:42am
Print FSR for CY20: Residual risks to financial stability expected to subside: SBP KARACHI: With encouraging developments on the Covid-19 pandemic front and improvements in the macroeconomic... Updated 08 Jul, 2021 10:31am
Print Covid-19 impact: FIs required to implement IFRS 9 from Jan 1, 2022 KARACHI: The State Bank of Pakistan (SBP) has delayed implementation on the International Financial Reporting... Published 07 Jul, 2021 04:28am
Print G-MSS for housing finance: FIs to face penalty for missing targets KARACHI: The State Bank of Pakistan (SBP) has announced that it will impose penalty on the Financial Institutions... Published 07 Jul, 2021 04:28am
BR Research E-commerce: the merchant effect? Background discussions indicate that local e-commerce sector has received a fillip after the pandemic started last... Published 06 Jul, 2021 08:21am
Print More incentives unveiled for marketing of remittances KARACHI: In order to further encourage inflows of home remittances through formal channels, the federal government... Published 06 Jul, 2021 03:48am
Print Development projects, recurrent budget: Strategy for release of funds notified by MoF ISLAMABAD: The Ministry of Finance (MoF), on Monday, notified the strategy for release of funds for development... Updated 06 Jul, 2021 10:31am
Print PM pledges incentives for overseas Pakistanis ISLAMABAD: Prime Minister Imran Khan on Friday said the government was committed to providing facilities and... Updated 03 Jul, 2021 09:52pm
Business & Finance Foreign reserves up $13m KARACHI: The liquid foreign reserves held by State Bank of Pakistan (SBP) increased by $13 million to $16,119.4... Published 02 Jul, 2021 04:19am
BR Research Good times for e-banking The usage of electronic banking (e-banking) continues to improve in Pakistan, thanks to regulatory response during... Published 01 Jul, 2021 07:40am
Markets State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 30 Jun, 2021 03:54am
Business & Finance Remote, rural areas: 'SBP set to allow use of mobile number as bank account number' KARACHI: The State Bank of Pakistan (SBP) is set to simplify banking through allowing customers to make their mobile... Updated 30 Jun, 2021 10:15am
Print Bank holiday KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Thursday, July 1, 2021 which will... Published 29 Jun, 2021 03:24am
Business Govt receipts, tax collection: Certain branches to stay open till 8pm on 30th: SBP KARACHI: The State Bank of Pakistan (SBP) has announced opening of branches to facilitate the collection of... Published 29 Jun, 2021 03:24am
Editorials Higher gasoline price to fuel inflation EDITORIAL: The decision to raise prices of petroleum products for the rest of the month wouldn’t have been such a... Published 27 Jun, 2021 03:56am
Print C/A deficit widens 236pc in May KARACHI: The country’s current account deficit accelerated 236 percent in May 2021 due to decline in exports and... Published 26 Jun, 2021 03:24am
Business & Finance Persons with disabilities: BOP, NOWPDP sign MoU KARACHI: NOWPDP held MoU signing ceremony with Bank of Punjab (BOP) to facilitate persons with disabilities, after... Published 26 Jun, 2021 03:24am
Business & Finance Corporate/commercial banking: SBP includes credit firm in Annexure-I of PRs KARACHI: The State Bank of Pakistan (SBP) Thursday included M/s Infra Zamin Pakistan Limited as a commercial credit... Published 25 Jun, 2021 04:20am
Business & Finance Pakistan's foreign exchange reserves fall to $23.26 billion Reserves held with SBP fall $311 million Fall attributed to external debt repayments Published 24 Jun, 2021 06:11pm
Pakistan NGOs to be categorised with reference to risk assessment ISLAMABAD: The federal government is to categorize different Non-Governmental Organisations (NGOs) with reference to... Published 23 Jun, 2021 04:26am