State Bank of Pakistan (SBP) has directed all commercial banks and money transfer agencies to monitor remittances and authenticate the… Read More
SBP to Penalize Banks Over Failing Regulatory Requirements
State Bank of Pakistan (SBP) has tightened its regulations for banks for maintaining cash reserves, securities and assets amount on… Read More
SBP Proposes Change in Rules for Foreign Currency Accounts
SBP has proposed the amendments in tax and foreign exchange regime laws to control the money laundering and corruption.… Read More
SBP Rolls Out Guidelines for Banks’ Call Centers
State Bank of Pakistan (SBP) has restricted commercial banks not to market their products and services via calls made by… Read More
Islamic Long Term Financing Facility of Upto Rs. 2 Billion Launched for Exporters
In order to provide Shariah compliant alternative of conventional Long Term Financing Facility (LTFF) to meet long awaited demand of… 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
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
SBP Takes Back Its Decision Which Caused Dollar’s Value to Rise in Open Market
In order to contain the pressure on the recent depreciation of Rupee against the Dollar, State Bank of Pakistan has… 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
