SBP

Says deterioration in bank earnings, foreign currency market could dent financial stability

Meant to help country finance LNG imports that have grown in recent years

In some cases, loans will be given at zero mark-up

New setup will have to surmount scores of economic, financial challenges

Some dealers buy greenback for as low as Rs115, sell it for Rs126

Manifesto says it will create 10m jobs, 5m houses and raise revenue receipts

Central banks cites payments on account of external debt servicing as reasons for decline

A three-member bench of the SC also ordered all documents pertaining to his appointment to be presented

Insists restriction will hurt export industries, raise cost of doing business

Buyers fearful of further plunge in rupee’s rate, stay on sidelines

Petition was filed by 23 senators largely belonging to PTI, PPP

ICCI President Sheikh Amir Waheed said the central bank had raised the interest rate by 100 bps in one go

The SBP move is targeted at cutting imports and reducing demand for dollars to stabilise foreign currency reserves

Digital innovations, bank autonomy and global regulatory environment came up for discussion

Hike comes as economy prepares to deal with increasing inflationary pressure

Move meant to deal with inflation, current account and fiscal deficits

CPEC, PSDP and private housing schemes cause a surge in demand

SBP says improvement in infrastructure creates opportunities

Says target of 6.2% unlikely to be met; inflation to be higher

Made operational worldwide to facilitate overseas Pakistanis

Hits record high at Rs23.8 trillion with an increase of Rs9.4tr over five years

Meeting, chaired by finance minister to take decision, remains inconclusive

Last government has massively borrowed from the central bank to finance its unfinished development projects

Decision comes on back of record high budget deficit of Rs2.4tr

Inaugurated in 1948 by the Quaid-e-Azam, the State Bank of Pakistan (SBP) is now 70 years old

Asset declarants may invest any amount in bond for five years

SBP sets protected amount at Rs250,000 per depositor per bank

Move comes before next week's meeting of Financial Action Task Force

Tax payment can be made through banking channels either from the person’s own accounts or immediate family members

Exorbitant imports, sluggish exports and insignificant surge in workers’ remittances contribute to increase

'Traders believe the rupee may soon drop to Rs125 to the US dollar'

Earlier, the reserves had been on downward spiral for several weeks

The shareholders believe that their interest was not taken care of and they were ripped off their due compensation

Recovers local and foreign currency from possession
of accused

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

People made 196.2m transactions worth Rs11.9tr through e-banking in Jan-Mar quarter

It will protect depositors, compensate them in case of failure of financial institutions

People will get three packets of Rs10, one packet each of Rs50 and Rs100 notes

Suggests security measures to protect people against scams

PML-N, PTI back ex-CJP Tassaduq Jillani

Cautions it will increase cost of doing business, hurt economic growth

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

Move is aimed at helping exporters to continue to get financing facility

It now hits a three-year high as Pakistan prepares to tackle with inflationary pressure ahead

Development comes as SBP introduces requirement to submit photocopy of identification

The basic purpose of the seminar is to create awareness among public and prevent the issue of fake notes and fraud

Bitcoin exchange CEO says central bank has closed the door to an innovative system

Decrease comes on account of external debt servicing, other official payments

Dr Ruth Pfau dedicated her life to fighting leprosy and curing its victims in Pakistan

Private school regulator warns of cancelling registrations