Sales of passenger cars from local automobile companies has decreased by 11 percent in November 2017 compared to the previous… Read More
SBP Allows Banks To Open Asaan Account For Remittances
In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan… Read More
Bank Lending to Private Sector On The Rise
The stable policy and interest rates coupled with growth in businesses have increased the banks loan portfolio to the private… Read More
Banks Investments in Govt Papers Surge By Rs. 1 Trillion in 2017
The commercial banks’ reliance on government papers/securities for making investment and securing safe returns is continuing, as an amount of… Read More
Singer, Waves & Link Well to Merge into One Company
Singer Pakistan Limited and Cool Industries Limited – the makers of Waves brand of home appliances – and Link Well… Read More
SBP Optimistic to Achieve GDP Target As Policy Rate Remains At 5.75%
The Monetary Policy Committee of State Bank of Pakistan (SBP) has decided to keep the policy rate at 5.75% for… Read More
Current Account Deficit Passes the Annual Estimate in Just 4 Months
The expense of the imports and low receipts of foreign exchange continued to widen the huge current account deficit (CAD),… Read More
Vitol Dubai Buys Rs 126 Million Stake in Hascol Petroleum
Vitol Dubai Limited, a UAE-based company and one of the largest independent oil trading entities in the world, has acquired… Read More
Alarming: Every 4th Pakistani is a Diabetic Patient
Pakistan has an alarming number of diabetic patients, as 26.3 percent of its population is suffering from this disease while… Read More
Sindh Bank-Summit Bank Merger to Happen in December
The management of Summit Bank has finalized a scheme of amalgamation of its operations with Sindh Bank. Summit Bank will… Read More
SBP Finally Allows Insurance Companies to Issue Dollar Denominated Policies
The State Bank of Pakistan (SBP) has decided to allow resident insurance companies to issue US Dollar denominated insurance policies… Read More
SBP Profits Reach Rs 238 Billion in FY17
State Bank of Pakistan has made a profit of Rs. 238.064 billion in the financial year 2016-17 as against of… Read More
