The State Bank of Pakistan (SBP) has been keeping the rupee afloat since the last two years, opting to keep… Read More
Better Connectivity Options for Businesses in Semi-Urban Areas Are Needed
The latest economic and financial indicators updated by the Economist show that Pakistan’s GDP growth is steady at 5.7%. According… Read More
State Bank’s Reserves Fall Below $16 Billion Mark
Foreign exchange reserves of the State Bank of Pakistan (SBP) are on the downside this week, with the total reserves… Read More
Pakistan, Iran Agree to Trade in Euro and Yen
State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII) have devised a payment settlement mechanism to settle… Read More
Banks Continue to Deny Services To Police, Lawyers, Political Workers
Some bankers are openly refusing to provide banking services to politicians, policemen, media persons and lawyers in spite of repeated… Read More
Panama Case: SECP & SBP Heads Ordered to Attend Next Hearing
Heads of Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP) were summoned at the Supreme… Read More
Pakistan’s Foreign Exchange Reserves Deplete by $1.61 Billion
Pakistan foreign exchange reserves are falling down speedily, posing questions over the competency of economic managers of the country. More… Read More
State Bank to Finally Draft an E-Commerce Policy
State Bank of Pakistan (SBP) and Ministry of Commerce are developing a national policy to further promote e-commerce in Pakistan,… Read More
Banks Directed To Refund Public Money Under NDRP
State Bank of Pakistan (SBP) directed commercial banks to refund unpaid public money under National Debt Retirement Program (NDRP) which… Read More
State Bank to Launch App for Universal Financial Transactions
The State Bank of Pakistan is developing a mobile app to allow financial transactions across the country. This was announced… Read More
Mobile Phone Imports Fall by Nearly 15% in February
The import of mobile phones declined by 14.6 percent in Pakistan during the month of February, arguably as a result… Read More
Current Account Deficit Widens by 120% as Imports Rise
Pakistan’s current account deficit has widened by over 120 percent in the July-February period of the fiscal year 2016-17, according… Read More
