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ISLAMABAD: On the occasion of Pakistan Day on March 23, history buffs and numismatists will get a unique opportunity to view the first banknotes of independent Pakistan. Showcased at a Dubai-based specialized numismatics company, Numisbing, the exclusive collection will prove to be a trip down the memory for some, while for collectors and connoisseurs this […]

Pakistan would pay a sum of $7 million to Asian Development Bank (ADB) as fines if it fails to utilize loans worth $4.5b, media sources have reported. ADB had granted $6.4 to Pakistan as loans to finance various projects but the federal government has only utilized an amount worth $1.80b. ADB imposes commitment fee of […]

KARACHI: The State Bank of Pakistan (SBP) will remain closed on March 23 on account of Pakistan Day, a press release said on Tuesday.  

More than ever before, with the CPEC projects taking off, Pakistani bankers need to break out of the spell of easy money, forego the thrill of speculation and re-focus on the lending business. Will they heed this advice? Experts think that even if the regulator falters, the evolving conditions would force them to change their […]

The Pakistan Stock Exchange started the week on a positive note, with the benchmark KSE-100 index gaining 288 points, or 0.60pc, by the close of the trading session to reach 48,697 points. Volumes were considerably lower than usual, with commercial banking, engineering, and power generation and distribution stocks attracting investor interest. A total of 55.82 […]

KARACHI : Provincial Excise and Taxation department has initiated a road checking campaign to nab tax defaulting vehicles. Following the directives of Minister for Excise and Taxation Mukesh Kumar Chawla, a campaign has launched from today till March 31 to nab the tax defaulting vehicles across the province. For the purpose eleven teams consisting of officers […]

KARACHI –  Stocks continued its upward trajectory on Tuesday as the benchmark PSX shares index gained 322 points or (0.66%) by the close of the trading session to reach 49,020.21 points. Market opened on a positive note and kept its previous trend as the index traded at intraday high of 362 points and intraday low […]

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% […]

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 1.57% week-on-week. On March 31, the foreign currency reserves held by the central bank were recorded at $16,466.1 million, a dip of $264.2 million or 1.57%, compared to $16,730.3 million in the previous week, according to data released by the central bank on […]

Last Thursday, the State Bank of Pakistan, injected Rs154bn into the banking system through an OMO, against an offered amount of Rs159bn. The amount was accepted at 5.86pc and was for a one day contract. Deposits and other accounts of all scheduled banks stood at Rs10,873.70bn, after a 0.56pc increase for the week ended March […]