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Shahid IqbalBusiness Recorder |
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 the...
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) to...
KARACHI: Banks have pumped a record over Rs1 trillion into non-bank financial institutions (NBFIs) to avoid incremental tax in case of failure to take...
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...
KARACHI: Foreign investments in treasury bills (T-bills) sharply fell as outflows were four times higher than the inflows in the first week of...
KARACHI: In a bid to avoid a government levied tax, commercial banks have imposed a fee on deposits higher than their designated threshold, and set...
• Take measures to discourage deposits, against banking norms • Advance-to-Deposit Ratio jumps to 44pc from 39pc in a month • Much of lending...
KARACHI: Frequent policy changes, low economic growth and imports, and lack of planning are among the key challenges threatening the country’s...
KARACHI: The country’s Advance to Deposit Ratio (ADR) has been gradually contracting and stood at 37 per cent in June, down from 41pc in December. ...
KARACHI: The country’s debt-to-GDP ratio dropped to 65.7 per cent in September, reversing last fiscal year’s upward trend, according to the latest...
KARACHI: Liquidity flow from banks to the private sector has changed dramatically, with advances surging to Rs447 billion in the first four months of...
KARACHI: Remittances from overseas Pakistani workers surged 35 per cent in the first four months of the current fiscal year, State Bank of Pakistan...
KARACHI: Foreign banks are gradually withdrawing from Pakistan due to the country’s declining credit profile, while local banks, having grown...
KARACHI: The country’s latest macroeconomic indicators reflect the positive developments that are reshaping its economic foundations in line with...
KARACHI: Pakistan plans to issue Eurobonds in the next fiscal year after securing an improved ratings from international agencies, announced Finance...
KARACHI: Higher foreign inflows are expected this month as the remittances crossed $3 billion in October, while the State Bank of Pakistan (SBP)...
KARACHI: The government’s inability to launch Euro and Panda bonds could put the economy under stress, which may not help the country get improved...
KARACHI: The government has sharply reduced returns on savings accounts by up to 360 basis points, further challenging small investors. Profit rates...
KARACHI: The government slashed the rate of treasury bills by up to 140 basis points on Wednesday in an auction held days before announcement of the...
KARACHI: As the private sector retires its debts, banks are increasingly lending to non-bank financial institutions (NBFIs), setting a record of Rs400...
KARACHI: The banks’ advance-to-deposit ratio (ADR) remained at 39.3 per cent last month — much below the red line of 50pc, which attracts a 15pc...
KARACHI: Most economists believe the State Bank of Pakistan (SBP) will reduce its policy rate by 200 basis points in its upcoming November meeting,...
KARACHI: The current account posted a surplus of $119 million in September for the second consecutive month, while the current account deficit (CAD)...
KARACHI: The state-owned enterprises (SOEs), both existing and the privatised ones, are still facing pinching issues, indicating that the reforms have...
KARACHI: The State Bank of Pakistan (SBP) has asked banks to process the export of half a million tonnes of sugar, which may destabilise domestic...
KARACHI: Improvements in the external front of the economy helped the country attract $125 million during the four days of October, taking the total...
KARACHI: Digital payments, reaching 84 per cent of the overall payment ecosystem, have practically reached close to wrapping up paper-based banking in...
KARACHI: The country witnessed a significant surge in remittances during the first quarter of the current fiscal year (FY25), with inflows jumping 39...
KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced a three-time increase in monetary incentives for exchange companies to bring more...
KARACHI: Banks have been unable to utilise surplus liquidity as the federal government seems to have discontinued borrowing for now while the private...
KARACHI: Contrary to frequent closures of local businesses, Pakistan witnessed a higher arrival of foreign companies than those leaving the country in...
KARACHI: The government adopted the buyback option for treasury bills because its financial requirement is very low, State Bank Governor Jameel Ahmed...
KARACHI: Banks find themselves trapped in liquidity surplus these days, forcing them to start lending at throwaway rates as low as three per cent per...
KARACHI: In a rare move, the government on Monday opted for a buyback of costly treasury bills worth Rs351 billion at a much lower rate, saving over...