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![]() Shahid IqbalBusiness Recorder |
KARACHI: To reduce cash transactions through digitalisation, the State Bank of Pakistan (SBP) issued a criterion on Saturday to enhance the technical...
KARACHI: The profit outflows slightly decreased in January but were still higher by 90 per cent in the first seven months of FY25, according to State...
KARACHI: The current account posted a deficit of $420 million last month, almost the same as in Jan 2024, but the deficit slashed a rising surplus...
KARACHI: More than 12 million houses are required across the country and the demand is rising due to negative growth in this sector. Some banking...
KARACHI: The federal government’s domestic debt surged by Rs2.5 trillion in the first half of the current fiscal year despite significant support...
KARACHI: After witnessing a steep increase in liquidity inflows during the first six and half months of the current fiscal year, the private sector...
KARACHI: Amid a robust inflow of remittances, Pakistan met the $5 billion annual growth target in the first seven months of the current fiscal year. ...
KARACHI: Banks’ investments in government papers reached Rs26 trillion by December 2024, contributing 57.6 per cent to the central government’s...
KARACHI: The production of locally manufactured or assembled mobile phones increased by 28 per cent in December 2024 amid high demand for low-priced...
KARACHI: The State Bank of Pakistan (SBP) purchased about $3.8 billion from banks in the first four months of the current fiscal year to improve its...
KARACHI: Despite a steep fall in the interest rate, the monetary expansion remained negative during the first seven months of the current fiscal year....
KARACHI: Pakistan witnessed 87 per cent foreign investment withdrawal from treasury bills (T-bills) due to a sharp reduction in profit rates in almost...
KARACHI: Currency market experts have warned that the absence of channels for attracting dollar inflows could pressure the rupee as the government may...
A slim book is a good starting point for those who want to have a basic idea about Pakistan’s economic problems and policies over
KARACHI: Bank advances to the private sector surged manifold during the first half of the current fiscal year. However, the textile sector — the...
KARACHI: The government again slashed the cut-off yields on treasury bills at the auction on Wednesday, reflecting a higher possibility of another...
KARACHI: The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year. The profit...
KARACHI: The current account posted another surplus of $582 million in December 2024, bringing the total surplus for the first half of the current...
KARACHI. The government on Wednesday raised Rs421 billion through the auction of Pakistan Investment Bonds (PIBs) against the total bids of Rs1.5...
KARACHI: The government retired Rs1.541 trillion in commercial banks’ debt during the first half of the current fiscal year against a net borrowing...
KARACHI: Financial inclusion, i.e the share of the adult population operating a bank account, has jumped from 16 per cent in 2015 to 64pc in 2023,...
KARACHI: Pakistan utilised 63 per cent of inflows it received through the Roshan Digital Account (RDA) by the end of December 2024, reported the...
KARACHI: State Bank Governor Jameel Ahmed expressed hopes on Thursday that an uptick in remittances and dip in inflation would lend stability to the...
KARACHI: Four Pakistani banks ranked as the best among the top 10 Asia Pacific lenders in 2024, reported S&P Global Intelligence on Wednesday....
KARACHI: The private sector borrowed a record Rs1.9 trillion from banks during the first half of FY25, registering a surge of 265 per cent from the...
KARACHI: The fast erosion of foreign exchange reserves has made it doubtful for the State Bank of Pakistan (SBP) to reach the $13 billion target by...
KARACHI: The State Bank of Pakistan (SBP) has almost doubled an exchange company’s minimum paid-up capital requirement to Rs1 billion. On Friday,...
KARACHI: The government borrowings from banks for budgetary support were negative during the first half of the current fiscal year ending Dec 31,...
KARACHI: The government raised Rs1.65 trillion through the auction of Treasury Bills (T-bills) and Pakistan Investment Bonds (PIBs) on Tuesday,...
KARACHI: About 64 per cent of foreign investments in treasury bills (T-bills) have been withdrawn and returned to their destinations, disappointing...
KARACHI: The banks have nearly achieved a 50 per cent advance-to-deposit ratio (ADR) to avoid the incremental tax imposed by the government if they...
KARACHI: Retail payments through digital channels grew 9 per cent in volume to 1,699 million transactions valuing Rs36 trillion in the first quarter...
KARACHI: Amid improvements in foreign exchange reserves, Pakistan has eased the outflow of profits and dividends, which surged by 112 per cent in...
KARACHI: The current account recorded a fourth consecutive surplus of $729 million in November, marking the second-highest surplus since July 2013,...
• Monetary Policy Committee notes inflation outlook susceptible to multiple risks, meeting revenue surplus targets will be uphill task • Core...
KARACHI: The State Bank of Pakistan (SBP) is expected to take a cautious stance on reducing the policy interest rate despite significant room for a...
KARACHI: Finance Minister Muhammad Aurangzeb has said that the economic challenges have been effectively addressed, and the country is on the right...
KARACHI: The government on Wednesday cut the yields on treasury bills (T-bills) by up to 100 basis points across different tenors, strengthening...
KARACHI: Remittances sent by workers during the first five months (July-November) of the current fiscal year FY25 jumped 34 per cent, but fell last...
KARACHI: Finance Minister Muhammad Aurangzeb said on Saturday that the growing burden of state-owned entities (SOEs) has cost the country Rs6...
KARACHI: Banks pumped Rs2.2 trillion into the non-government sector, mainly the private sector and Non-Bank Financial Institutions (NBFIs), in the...
KARACHI: The government borrowed Rs2 trillion through auctions of sukuk (Islamic bonds) at the stock exchange and raised another Rs1.4tr by selling...
KARACHI: The unexpected fall in inflation pushed the real interest rate to 10.1 per cent, creating ample room for the State Bank of Pakistan (SBP)...
KARACHI: Banks have pumped a record over Rs1 trillion into non-bank financial institutions (NBFIs) to avoid incremental tax in case of failure to...
KARACHI: Meezan Bank Limited was honoured as the Best Bank of Pakistan for a second year in a row, at the ninth Pakistan Banking Awards, held on...
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose further by $131 million to $11.418 billion during the week ended on Nov...
KARACHI: The government has further slashed the returns on treasury bills (T-bills) by up to 66 basis points in the auction held on Wednesday....
KARACHI: The State Bank has removed the Minimum Deposit Rate (MDR) requirement for all conventional banks on deposits from financial institutions,...
KARACHI: About 90 per cent of bankers believe that cybercrime is the biggest challenge confronting banking in the country, according to a survey...
KARACHI: The State Bank of Pakistan (SBP) has revised the Sharia Governance Framework to develop the Islamic banking industry and play a more...