It’s no secret that a high percentage of Pakistanis remain uninsured or underinsured due to the lack of financial capacity… Read More
Govt Launches Regulations for Electronic Money Institutions
The State Bank of Pakistan (SBP) has launched regulations of Electronic Money Institutions (EMIs). EMIs are non-bank entities that will… Read More
PM Imran Announces a Rs. 162 Billion Karachi Package
Prime Minister Imran Khan has announced a package of Rs. 162 billion for the development of Karachi. PM Khan made… Read More
SBP Surprises Again, Hikes Policy Rate by 50 bps
Monetary Policy Committee of State Bank of Pakistan (SBP) has surprised the business community and general masses again, increasing the… Read More
Dominique Russo Appointed CEO of Dhabi Group of Companies
The Dhabi Group of Companies has announced the appointment of Dominique L. Russo as its Chief Executive Officer. Ms. Russo… Read More
Pakistan Might Lose Its Emerging-Market Status: Report
According to Bloomberg, Pakistan’s inclusion in the MSCI Inc.’s emerging-market indexes has come under a threat as Pakistan’s stocks fall… Read More
Banks Loans to Energy Sector Increased by Over 1,000% During Past 10 Years
Commercial banks’ lending to the energy sector, including power producing companies and gas distributors, continued to surge in 2018 to… Read More
Pakistan Gets $2.2 Billion from China
Pakistan has received an amount of RMB 15 billion on the account of loan proceeds from China, which is equivalent… Read More
Pakistan to Receive $2.1 Billion From China by Monday
The Ministry of Finance has announced that the State Bank of Pakistan (SBP) will receive a loan worth $2.1 billion… Read More
JS Bank & Avanza Premier Payment Services Partner to Diversify Online Payments
JS Bank, one of Pakistan’s fastest growing financial institutions, has entered into a partnership with Avanza Premier Payment Services (APPS),… Read More
Pakistan Foreign Exchange Reserves Surge to $15.7 Billion: SBP
The country’s foreign exchange reserves have surged to $15.7 billion after receiving inflows of $1 billion from United Arab Emirate… Read More
Imports Decline By 12.3% in First 8 Months of FY19
In February, the overall import bill was posted at $4.18 billion, down by 12.26 percent, from $4.764 billion in the same… Read More
