KIBOR falls 10 bps on lower inflation figures KARACHI: The Karachi Interbank Offered Rate (KIBOR) on Monday fell 10 basis points (bps) on lower inflation figures.... Updated 05 Mar, 2024 11:35am
Business & Finance Faysal Bank partners with SBP for ‘Financial Literacy Week’ KARACHI: Faysal Bank Limited (FBL), committed to fostering financial education and inclusivity, has partnered with... Published 05 Mar, 2024 03:09am
Business & Finance ZTBL announces highly impressive financial results ISLAMABAD: ZTBL is country’s g premier specialized financial institution, playing a pivotal role in the economy... Published 05 Mar, 2024 03:09am
Business & Finance Financial inclusion helps stimulate economic growth: SBP KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmed has said that financial inclusion creates a broad base ... Published 05 Mar, 2024 03:09am
Business & Finance KIBOR falls after ‘lower-than-expected’ inflation reading The Karachi Interbank Offered Rate (KIBOR) dropped notably following the release of Consumer Price Index (CPI)-based... Updated 04 Mar, 2024 09:04pm
Business & Finance SBP to hold 1st edition of Pakistan Financial Literacy Week KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad will inaugurate Pakistan Financial Literacy Week (PFLW)... Published 02 Mar, 2024 04:16am
Markets Pakistan’s sovereign dollar bonds rally ahead of Sunday’s election for prime minister LONDON: Pakistan’s sovereign dollar-denominated bonds rallied in advance of weekend elections for prime minister,... Published 01 Mar, 2024 05:49pm
Opinion Incoming government and some important economic policy initiatives High inflationary situation should be among the top most priorities of the incoming government. Over-board aggregate... Published 01 Mar, 2024 02:59am
Print Forex reserves fall by $59m KARACHI: The country’s total liquid foreign reserves fell by $59 million during the last week, the State Bank of... Updated 01 Mar, 2024 08:27am
Editorials Insulating regulators from govt interference EDITORIAL: Reportedly, a much-needed amendments in Ogra (Oil and Gas Regulatory Authority) and Nepra (National... Published 01 Mar, 2024 02:59am
Business & Finance Monthly inflation rate projected to slow in February KARACHI: Inflation is projected to hover around 24.5-25.5% in February, with expectations of further easing to... Updated 01 Mar, 2024 11:08am
Markets SBP-held foreign exchange reserves fall below $8bn Debt repayments and lack of fresh inflows put pressure on dollar stockpile Updated 29 Feb, 2024 11:12pm
Print SBP revises timelines for Banks’ Floating Exchange Rates KARACHI: The State Bank of Pakistan (SBP) has revised the timelines for submission of data of Banks’ Floating... Updated 29 Feb, 2024 08:50am
Print Conduct of business of banks: FTO has no jurisdiction to probe legality: IHC ISLAMABAD: The Islamabad High Court (IHC) has declared that the Federal Tax Ombudsman (FTO) cannot assume the powers... Updated 28 Feb, 2024 09:19am
Opinion Utilisation of export proceeds for investments abroad, etc. General: The State Bank of Pakistan has issued an EPD Circular Letter No 02 of 2024 dated February 23, 2024. Through... Published 27 Feb, 2024 03:06am
Opinion Federal govt’s TSA—A big step in the right direction A Treasury Single Account (TSA) system reflects stronger internal controls over cash flows into and out of a... Published 27 Feb, 2024 03:06am
Opinion Outlook for BoP The balance of payments (BoP) statistics released by the State Bank of Pakistan for the period July 2023 to January... Published 27 Feb, 2024 03:06am
Business & Finance HBL Zarai Services inaugurated in Burewala LAHORE: HBL launched a new company, HBL Zarai Services, a significant step forward in the realm of agricultural... Published 27 Feb, 2024 03:06am
Print Caretakers likely to amend Banking Companies Ordinance ISLAMABAD: The federal government is likely to amend Banking Companies Ordinance, 1962, aimed at allowing voting... Updated 25 Feb, 2024 10:11pm
Business & Finance SBP official for greater focus on agri development KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah emphasized the need for greater focus on... Published 24 Feb, 2024 06:42am
Opinion An ‘appropriate’ finance minister, and the need for an over-arching ‘economic minister’ As a new elected government is about to come into office, there is talk of who should be the finance minister.... Updated 23 Feb, 2024 06:58am
Business & Finance Forex decreases by $44m KARACHI: The total liquid foreign reserves held by the State Bank of Pakistan (SB) decreased by $44 million to... Published 23 Feb, 2024 06:36am
Business & Finance Mobilink Bank witnesses 72pc revenue growth KARACHI: Mobilink Bank achieved multiple financial milestones in 2023, solidifying its position in the banking... Published 23 Feb, 2024 06:36am
Markets SBP-held foreign exchange reserves decrease $44mn, now stand at $8.01bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $44 million on a weekly basis,... Updated 22 Feb, 2024 10:31pm
Business & Finance SBP official describes interest-based loans as form of oppression KARACHI: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic... Published 22 Feb, 2024 06:55am
Business & Finance Year ended on Dec 31, 2023: Bank of Punjab records 50pc growth in total assets LAHORE: The Board of Directors of The Bank of Punjab (BOP) convened on Tuesday, to review and approve the Bank’s... Published 21 Feb, 2024 05:29am
Markets Roshan Digital Account inflow dips, clocks in at $142mn in Jan Total number of RDA accounts opened reach 659,806, up from 651,057 at December-end Updated 20 Feb, 2024 09:28pm
Print Jul-Jan FDI inflow down 21pc to $689.5m YoY KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7... Published 20 Feb, 2024 09:34am
Opinion Pakistan’s economy – way forward for 2024-25 Further to my article in Business Recorder in February 2023 titled “Redefining Pakistan’s Economy” that entailed a... Published 20 Feb, 2024 03:09am
Business & Finance Jul-Jan FDI inflow down 21pc to $689.5m YoY KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7... Updated 20 Feb, 2024 09:42am