The federal Cabinet has agreed to make the details of sovereign guarantees public to meet another condition of the International… Read More
SECP Directs NBMFCs to Follow Risk Management Guidelines
The Securities and Exchange Commission of Pakistan (SECP) has directed the Non-Banking Micro Finance Companies (NBMFCs), having a gross loan… Read More
IT Ministry Sets $20 Billion Revenue Target by 2025 Under New Broadband Policy
The Ministry of Information Technology and Telecommunication has drafted the “National Broadband Policy-2021”, targeting the contribution of digital/broadband development to… Read More
Exchange Companies Can Attract $10 Billion Remittances Per Year
Exchange companies have formally requested the State Bank of Pakistan (SBP) to prohibit banks from forward-booking of US Dollars (USD)… Read More
SBP Unveils New Licensing and Regulatory Framework for Digital Banks
The State Bank of Pakistan (SBP) has introduced a Licensing and Regulatory Framework for Digital Banks in line with international… Read More
A Detailed Breakdown of Proposed New Taxes on Cars in the Mini-Budget
The federal government presented the Finance (Supplementary) Bill 2021 in parliament for approval on Thursday. The bill has proposed to… Read More
New Taxes in Supplementary Finance Bill 2021: What’s Expensive?
The government on Thursday presented the Finance (Supplementary) Bill 2021 in the National Assembly with a plethora of exemption withdrawals… Read More
SBP Reserves Plunge by $298 Million
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $298 million (1.64 percent). According… Read More
A Look at What’s Changed for Central Bank in Revised SBP Amendment Bill 2021
The federal cabinet recently approved the revised draft of the State Bank of Pakistan (SBP) Amendment Bill 2021 aimed at… Read More
Pakistan Will Bear Rs. 2 Trillion Cost to Revive IMF’s Loan Program
Pakistan has to bear an additional cost of almost Rs. 2 trillion to revive the loan program of the International… Read More
Govt Raises Rs. 1.26 Trillion from Treasury Bills
The State Bank of Pakistan (SBP) raised Rs. 1.26 trillion against a target of Rs. 1.2 trillion in the most… Read More
SBP Introduces Shariah Compliant Open Market Operations For Islamic Banking
In line with State Bank’s strategic plan to improve Liquidity Management Framework for Islamic Banking industry and enhance the effectiveness… Read More
