
ISLAMABAD: Finance Minister Ishaq Dar is learnt to have directed the State Bank of Pakistan (SBP) to launch an investigation into a multibillion-rupee fraud in the National Bank of Pakistan (NBP) and submit a report within three days. The NBP itself had filed a complaint with the FIA and nominated a senior woman executive, who confessed […]
ISLAMABAD: The Federal Investigation Agency has recently arrested a senior female officer of the National Bank of Pakistan along with four officers of another organisation on charges of irregularly withdrawing billions of rupees from bank accounts. An assistant vice president of the NBP was arrested this week after the bank lodged a complaint that the officer […]
The State Bank of Pakistan (SBP) on Wednesday said that around $7.9 billion capital had flown out of the country in the last five years from foreign currency accounts opened under the protection of Economic Reforms Act 1992. The SBP officials informed the National Assembly’s Standing Committee on Finance that there was no bar on […]
ISLAMABAD - Pakistan's total tax revenue witnessed gradual increase from 10.6 perc
KARACHI: Foreign exchange reserves held by the StateBANK of Pakistan (SBP) incr
KARACHI: Following intervention from the StateBANK of Pakistan (SBP), the exchan
The Pakistan Stock Exchange (PSX) landed in the red again on Thursday, with the be
ISLAMABAD: Pakistan plans launching another international bond in about 45 days to
Pakistan Stock Exchange (PSX) closed higher on Tuesday, with the benchmark KSE-100
Pakistan Stock Exchange (PSX) slipped on Monday, with the benchmark KSE-100 index
Bears dominated the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KS
ISLAMABAD: There is a need for the development of the derivatives market, which wi
KARACHI: TheEXCHANGE rate witnessed massive fluctuations on Friday as the dollar
Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was “too weak”. Despite the explosion, at a concert by US singer Ariana Grande, European markets […]
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.104% on a weekly basis, according to data released on Thursday. On May 12, the foreign currency reserves held by the central bank were recorded at $15,895.9 million, decreasing $16.6 million or 0.104%, compared to $15,912.5 million in the previous week, according to […]
KARACHI: Reversing its earlier decision, the State Bank of Pakistan (SBP) is reported to have allowed dealers the import of 100 per cent cash dollars against the export of other foreign currencies. The central bank restricted the cash dollar import to 35pc through a circular on Jan 1 — a move that resulted in a […]
Debt burden of Pakistan, internal and external, during the last 10 years has been increasing at an alarming rate — courtesy fiscal mismanagement, incompetence and sheer callousness of the rulers. According to latest data released by the State Bank of Pakistan (SBP), total debts/liabilities as on June 30, 2016 reached Rs22.459 trillion as against Rs19.846 […]
KARACHI: Driven by value buying, the KSE-100 Index gained 532.77 points for an increase of 1.13%, a welcome sign for stock market participants who had been sidelined due to political noise, broker defaults and terror incidents in the country. The KSE-100, which hit a record high at the end of January before retreating close to 6% […]
The scheduled commercial banks have shown keen interest in issuing soft-term business loans to the Sialkot-based industrialists and exporters, enabling them to expand their sports goods business and exports. A seminar titled ‘Long-Term Financing Facility (LTFF) for Sports Goods Industry SMEs’ was held at Sports Industries Development Center (SIDC) here on Tuesday under the auspices […]