According to a recent report by Financial Times, Pakistan is planning to seek its biggest ever bailout from the International… Read More
Rupee to Depreciate Further Unless Current Account Deficit Improves
Pakistan exchange rate has been depreciating in the interbank and open market. Experts say that this trend may continue till… Read More
Pakistan Asks China for More Loans to Avoid Foreign Currency Crisis
Pakistan has asked China to keep lending it money to prevent a foreign currency crisis, warning that Beijing’s planned $60bn… Read More
JazzCash to Assist NBP in its Service of Excise and Taxation Dept.
A signing ceremony between JazzCash, National Bank of Pakistan and Excise & Taxation Department, Government of Balochistan took place in… Read More
SBP Sets Paid-up Capital Limit of Rs. 225 Million for Private Credit Bureaus
In light of the verdict issued by High Court of Sindh (SHC), State Bank of Pakistan (SBP) has notified that… Read More
Media Statements About Ex-PM Nawaz Sharif in Our Report Are Wrong: World Bank
The World Bank, on Tuesday, denied media reports regarding allegations on former Prime Minister Nawaz Sharif of sending $4.9 billion… Read More
Bank Alfalah Records 17% Profit Growth in Q1 2018
Bank Alfalah Limited (BAFL) is among the few banks retaining its stable profit growth, which increased by 17% in the… Read More
Three of Pakistan’s Largest Banks Are Up for Sale
Some of the top profitable banks of Pakistan have been put up for sale, despite showing signs of healthy growth.… Read More
Urdubit, the Local Bitcoin Exchange, is Shutting Down for Good
Urdubit, Pakistan’s first-ever cryptocurrency exchange platform is shutting down its operations after SBP’s crypto ban.… Read More
Govt to Set Up a $75 Million Fund for Giving Loans to Entrepreneurs
The government is setting up a $75 million fund for startups. The amount will be reserved for loans only and… Read More
Soneri Bank to Raise Rs. 4 Billion in Additional Tier 1 Capital
Soneri Bank is going to raise Rs. 4 billion Additional Tier 1 Capital, as redeemable capital, for meeting Basel III… Read More
State Bank’s Forex Reserves Drop to An Alarming Level
Pakistan’s foreign exchange reserves continue to deplete unabated, dropping to under $18 billion – an alarming situation for the economy.… Read More
SBP Issues a Statement on Recent Devaluation of Rupee
The PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ yesterday and witnessed an intraday high… Read More
SBP Wants Banks to Properly Monitor Finances of IT Companies
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
