SBP says curbing inflation critical to achieving growth KARACHI: The State Bank of Pakistan (SBP) believed that curbing inflation is essential for ensuring sustainable... Updated 31 Jan, 2023 09:00am
Business & Finance SBP orders dealers to facilitate IT, ITeS exporters ISLAMABAD: The State Bank of Pakistan has directed authorised dealers to swiftly facilitate IT and ITeS exporters,... Published 31 Jan, 2023 06:01am
Business & Finance PBC satisfied with SBP’s steps aimed at managing liquidity KARACHI: A Pakistan Business Council (PBC) delegation, led by its Chairman Muhammad Aurangzeb met the Governor of ... Published 31 Jan, 2023 06:01am
Print SBP denies USD rate capping caused loss KARACHI: The State Bank of Pakistan (SBP) on Sunday rebutted the claim or reports that capping the price of dollar... Updated 30 Jan, 2023 09:24am
Print SBP officials, ECAP leaders discuss USD supply KARACHI: The State Bank of Pakistan (SBP) has assured dollar supply against export of other currencies to exchange... Updated 26 Jan, 2023 10:46am
Business & Finance SBP notifies increased rates of return on NPC KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) has notified increase... Published 25 Jan, 2023 07:07am
Business & Finance SBP suspends authorisation of 11 outlets of 8 ECs KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorisation of 11 outlets of... Published 24 Jan, 2023 07:05am
Print Policy rate hiked to 17pc to rein in soaring inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ... Updated 24 Jan, 2023 09:05am
Print LC issue: PALSP threatens to shut down steel units ISLAMABAD: The documented steel sector will be forced to close down its units for an indefinite period in case the... Updated 23 Jan, 2023 09:18am
Editorials Inflation and lower output EDITORIAL: A former Finance Minister, Dr Hafiz A. Pasha, while addressing the members of Pakistan Industrial and... Published 23 Jan, 2023 05:57am
Print SBP may hike rates by another 100bps to tame inflation KARACHI: State Bank looks set to raise its key policy rate by 100 basis points to 17% at its review on Monday as it... Updated 20 Jan, 2023 08:44am
Print FDI plunges 59pc during HIFY23 KARACHI: The Foreign Direct Investment (FDI) into the country remained on a downward trend and fell by 59 percent... Updated 19 Jan, 2023 08:41am
Print C/A deficit dips 60pc in H1FY23 on lower imports KARACHI: The country’s current account deficit declined sharply 60 percent during the first half of this fiscal year... Updated 19 Jan, 2023 08:42am
Print Countries lacking banking channels: ECC approves B2B barter trade mechanism ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved business-to-business (B2B) barter... Updated 19 Jan, 2023 08:43am
Print World Bank delays approval of $1.1bn loans for Pakistan ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next... Updated 19 Jan, 2023 12:24pm
Print Dollar manipulation: SBP concludes probe KARACHI: The State Bank of Pakistan (SBP) has completed the investigation against private banks allegedly involved... Updated 19 Jan, 2023 11:19am
Business & Finance UAE has rolled over $2bn loan: SBP governor KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the UAE has rolled over $2... Updated 19 Jan, 2023 07:41am
Print Forex: industry makes prudent move ISLAMABAD: The country’s struggling industry has sought government’s nod to use foreign exchange (dollars)... Updated 19 Jan, 2023 08:40am
Business & Finance PPMA fears medicine shortage if curbs on LCs not removed soon ISLAMABAD: The Pakistan Pharmaceutical Manufacturers Association (PPMA) has urged the government and the State Bank... Published 18 Jan, 2023 06:22am
Business & Finance Soap manufacturers express concern over curbs on LCs KARACHI: Pakistan Soap Manufacturers Association (PSMA) has expressed concern over the ongoing financial crisis, as... Published 18 Jan, 2023 06:22am
Business & Finance SBP issues NOC for incorporation of KT Bank KARACHI: The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) for incorporation of the... Published 17 Jan, 2023 07:10am
Print SBP issues framework on outsourcing to CSPs KARACHI: The State Bank of Pakistan (SBP) on Monday issued “Framework on Outsourcing to Cloud Service Providers... Updated 17 Jan, 2023 09:10am
Print Senate passes SBP (Amendment) Bill-2021 ISLAMABAD: The upper house of the parliament, Monday, passed by majority vote the State Bank of Pakistan Amendment... Updated 17 Jan, 2023 09:08am
Pakistan PKI warns of protests if import of pesticides, seeds not allowed soon LAHORE: The Pakistan Kissan Ittehad (PKI) has requested the government to instruct the State Bank of Pakistan (SBP)... Published 16 Jan, 2023 07:56am
Print Special foreign currency accounts: SBP allows IT exporters to retain 35pc of proceeds KARACHI: In order to encourage IT companies and freelancers to bring their foreign exchange earnings into the... Updated 14 Jan, 2023 04:29pm
Business & Finance Jul-Dec remittances fall 11pc to $14.1bn YoY KARACHI: Inflows of home remittances recorded a decline of 11 percent during the first half of this fiscal year... Published 14 Jan, 2023 06:22am
Print Digital Banks: SBP issues NOCs to five applicants KARACHI: The State Bank of Pakistan (SBP) has issued no objection certificates to five applicants for establishing... Updated 14 Jan, 2023 08:40am
Business & Finance SBP issues NOCs to five applicants for establishing digital bank Central bank expects after commencement of operations, digital banks will promote financial inclusion by providing affordable/cost effective digital financial services to unserved and underserved segments Updated 13 Jan, 2023 09:47pm
Business & Finance Issues related to foreign exchange to be addressed soon: SBP governor KARACHI: Governor of State Bank of Pakistan (SBP) Jameel Ahmad has assured the business community of resolving the... Updated 13 Jan, 2023 10:55am
Business & Finance Digital services: SBP issues guidelines for downtime KARACHI: The State Bank of Pakistan (SBP) has issued guidelines for downtime of digital services and directed the... Updated 11 Jan, 2023 08:54am