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15th April, 2013
Team to visit Washington for talks with IMF, US officials
The talks will be held on the sidelines of annual spring meetings of the World Bank and IMF. The three-day meetings will begin on April 19.
The talks will be held on the sidelines of annual spring meetings of the World Bank and IMF. The three-day meetings will begin on April 19.
13th April, 2013
Rich former lawmakers paid peanuts in taxes
Prominent candidates, despite holding huge assets, paid only a meagre income tax in year 2012
Prominent candidates, despite holding huge assets, paid only a meagre income tax in year 2012
11th April, 2013
Businesses seek 150bps cut
The business community has renewed its call for reduction in the cost of capital to spur growth and investment.
The business community has renewed its call for reduction in the cost of capital to spur growth and investment.
10th April, 2013
LHC allows SBP to retain official
LHC withdrew its stay order and allowed Mohammad Ashraf Wathra to continue working as deputy governor of SBP after the ECP raised no objection to his appointment.
LHC withdrew its stay order and allowed Mohammad Ashraf Wathra to continue working as deputy governor of SBP after the ECP raised no objection to his appointment.
1st April, 2013
Banking sector performance
The 20 commercial banks listed on the stock market posted a combined profit after tax of Rs118 billion in 2012 against Rs107 billion a year earlier.
The 20 commercial banks listed on the stock market posted a combined profit after tax of Rs118 billion in 2012 against Rs107 billion a year earlier.
1st March, 2013
State Bank to buy govt paper in reverse repo
The SBP said on Friday it would buy government paper from commercial banks in seven-day reverse repo to inject funds into the money market.
The SBP said on Friday it would buy government paper from commercial banks in seven-day reverse repo to inject funds into the money market.
13th February, 2013
ECP to get access to data on tax, bank defaulters
The Federal Bureau of Revenue and State Bank decided on Wednesday to give the election commission access to data on bank and tax defaulters.
The Federal Bureau of Revenue and State Bank decided on Wednesday to give the election commission access to data on bank and tax defaulters.
26th June, 2012
Banks invest 99pc money in govt papers
This massive tilt of banks towards government kept the banks profitable, but the impact was disastrous as banks did not help the economy to grow.
This massive tilt of banks towards government kept the banks profitable, but the impact was disastrous as banks did not help the economy to grow.
27th April, 2012
SBP resets coupon rate for GIS-11
The coupon rate (1st profit) for the three-year Government of Pakistan Ijara Sukuk (GIS-11) has been set at 11.9414 per cent per annum.
The coupon rate (1st profit) for the three-year Government of Pakistan Ijara Sukuk (GIS-11) has been set at 11.9414 per cent per annum.
21st April, 2012
SBP tightens licensing criteria for forex firms
Foreign exchange companies would now find it more difficult to get a clean chit from SBP to get a licence for a maximum period of three years.
Foreign exchange companies would now find it more difficult to get a clean chit from SBP to get a licence for a maximum period of three years.
19th April, 2012
Pakistan’s forex reserves rise to $16.6 billion
Remittances from Pakistanis overseas rose 21.45 percent to $9.73 billion in the first nine months of the 2011/12 fiscal year.
Remittances from Pakistanis overseas rose 21.45 percent to $9.73 billion in the first nine months of the 2011/12 fiscal year.
12th April, 2012
Pakistan forex reserves rise marginally to $16.52 billion
Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of $411 million.
Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of $411 million.
26th March, 2012
SBP injects Rs 223.050 billion in the market
According to SBP on Monday, the offered amount was Rs 232.050 billion for seven-day reverse repo.
According to SBP on Monday, the offered amount was Rs 232.050 billion for seven-day reverse repo.
22nd March, 2012
Pakistan forex reserves flat at $16.39 billion
According to official data, remittances from overseas Pakistanis rose 23 per cent to $8.59 billion in the first eight months of the 2011/12 fiscal year.
According to official data, remittances from overseas Pakistanis rose 23 per cent to $8.59 billion in the first eight months of the 2011/12 fiscal year.
20th March, 2012
Economy likely to grow by 3-4 per cent, says SBP
Pakistan’s economy is expected to grow by 3 to 4 per cent in the fiscal year to end-June, though risks to macroeconomic stability have increased in recent months, the central bank said on Tuesday.
Pakistan’s economy is expected to grow by 3 to 4 per cent in the fiscal year to end-June, though risks to macroeconomic stability have increased in recent months, the central bank said on Tuesday.
15th March, 2012
Forex reserves rise to $16.39 billion
Pakistan’s foreign exchange reserves rose to $16.39 billion in the week ended March 9 because of an increase in reserves held by commercial banks, compared with $16.34 billion in the previous week, the central bank said on Thursday.
Pakistan’s foreign exchange reserves rose to $16.39 billion in the week ended March 9 because of an increase in reserves held by commercial banks, compared with $16.34 billion in the previous week, the central bank said on Thursday.
16th February, 2012
Pakistan’s forex reserves rise to $16.77 billion
Pakistan’s foreign exchange reserves rose to $16.77 billion in the week ending Feb 10, compared with $16.69 billion the previous week, the central bank said on Thursday.
Pakistan’s foreign exchange reserves rose to $16.77 billion in the week ending Feb 10, compared with $16.69 billion the previous week, the central bank said on Thursday.
11th February, 2012
SBP keeps key policy rate flat at 12 per cent
The State Bank of Pakistan on Saturday announced it would keep its key policy rate unchanged at 12 per cent for the next two months in a bid to contain expected inflation in the second half of the 2011-12 fiscal year.
The State Bank of Pakistan on Saturday announced it would keep its key policy rate unchanged at 12 per cent for the next two months in a bid to contain expected inflation in the second half of the 2011-12 fiscal year.
10th February, 2012
Stocks marginally up ahead of monetary policy announcement
Pakistani stocks rose marginally on Friday in low turnover as investors were cautious ahead of a central bank monetary policy announcement, dealers said.
Pakistani stocks rose marginally on Friday in low turnover as investors were cautious ahead of a central bank monetary policy announcement, dealers said.
26th January, 2012
Forex reserves fall to $16.80 billion
Pakistan’s foreign exchange reserves fell to $16.80 billion in the week ending Jan 20, from $16.90 billion in the previous week, the central bank said on Thursday.
Pakistan’s foreign exchange reserves fell to $16.80 billion in the week ending Jan 20, from $16.90 billion in the previous week, the central bank said on Thursday.
