State Bank of Pakistan has ordered all the banks and mobile financial service providers such as Jazz Cash, EasyPaisa to… Read More
SBP Raises No Objections Against KASB Bank-BankIslami Merger
The State Bank of Pakistan on Thursday released a “no objection” statement on the valuation of the now-defunct KASB Bank… Read More
SBP and FBR Launch Online Payment Option for Taxes and Duties
FBR and SBP have launched online/ATM payment solution that can be used to pay taxes and file the returns.… Read More
SBP Asks Banks To Ensure Agri Credit Target of Rs. 1 Trillion in FY18
The State Bank of Pakistan (SBP) has directed banks to make sure that their respective targets, along with industry target… Read More
Profit Repatriation Higher Than FDI Inflows in Pakistan in H1 FY 17-18
Multinational Companies and investors sent back $1.202 billion to their home countries from Pakistan during first half of FY 17-18.… Read More
Daily Stock Report: PSX Starts the Week with 93 Point Loss
The index opened this week in the negative zone. Market opened on a positive and strong opening today. At close,… Read More
Banks Aren’t Lending Money to Govt Due to Low Policy Rate
Hoping for a rise in State Bank of Pakistan’s (SBP) policy rate, banks are holding back their money and are… Read More
Karandaaz to Invest Rs 700 Million in ORIX Leasing for Strengthening Small Enterprises
Karandaaz Pakistan, supported by UK’s Department for International Development (DFID), is providing a loan of PKR 700 million to ORIX… Read More
Rupee Devaluation is the Right Move But Comes at a Cost: Moody’s
Moody’s Investors Service has released a report on Pakistan’s Rupee depreciation and the consequences thereof. According to the report, the… Read More
Banks Loans to Private Sector Show Sudden Increase in Last 6 Months
Pakistan’s private sector is set to expand its existing and new businesses aggressively through low mark-up loans, which crossed Rs.… Read More
Dollar Prices Rise Again in the Open Market
Dollar shortage in the open market caused panic among the buyers.… Read More
Rs. 2.5 Billion Released for Prime Minister’s Export Incentives Package
The government has released Rs. 2.5 billion for the implementation of “Prime Minister’s Export Incentives Package” bringing the total to… Read More
