Tag: state bank
Money launderers deserve no concession, maintains PM
--PM reviews steps to counter money laundering, financial corruption
--Six banks fined Rs 247 million over fake bank accounts: SBP
--Foreign remittances up by 12.5 per cent...
PTI leadership should resign for holding 18 undeclared bank accounts: Murtaza...
KARACHI: Adviser to Sindh Chief Minister (CM) on Information, Law and Anti-corruption, Barrister Murtaza Wahab has demanded resignation of Pakistan Tehreek-e-Insaf (PTI) leadership for...
UAE decides to bolster Pakistan’s forex reserves with $3bn
--ADFD says will 'deposit amount in coming days to enhance liquidity and monetary reserves of foreign currency at SBP'
--PM Imran thanks Emirates for 'supporting Pakistan...
Govt’s incompetence inflates cost of construction project exponentially
Cost of constructing federal courts, tribunals in Lahore balloons from Rs184mn to Rs2,150mn
Approved in May 2004, project faced inordinate delays due...
Concerned over ill-advised, discriminatory promotion policy of NBP: Dr Nafisa Shah
ISLAMABAD: Pakistan Peoples Party’s (PPP) Central Information Secretary Dr Nafisa Shah has expressed grave concern over what she said was the ill-advised and discriminatory promotion...
Work underway on design of commemorative coin for Edhi
Work on the design of the Rs 50 commemorative coin in memory of late Abdul Sattar Edhi has been started. The decision to issue...
State Bank deputy chief admits Ishaq Dar is ‘an old friend’
Deputy Governor State Bank of Pakistan (SBP) Saeed Ahmad has admitted that Federal Minister for Finance Ishaq Dar is his “old friend” and “had...
SBP maintains policy rate at 6%
The cushion provided by decline in oil prices, inflow of remittances, and calmer international capital markets improved sentiments in the foreign exchange market.
State Bank sees improvement in some macroeconomic indicators
The State Bank of Pakistan (SB) on Thursday released its Second Quarterly Report for FY16 on the state of Pakistan's Economy.
According to the Report,...
SBP blocks $65 million ‘suspicious’ transaction
ISLAMABAD:
The State Bank blocked an unusually large transaction of $65 million originating from Malaysis, after a foreign bank generated a suspicious transaction report (STR).
According...
Challenges and vulnerabilities still haunting economy, says SBP
The State Bank of Pakistan (SBP) Saturday decided to keep discount rate for the next couple of months intact at 10 per cent and...
Remittances swell beyond record $1.365 billion month-on-month
The Pakistanis working abroad remitted a historic $1.365 billion during the month of October, reported the central bank Monday. This, the State Bank...
5 down, quite a few more to go
Pakistan on Monday paid off the fifth installment worth $105 million to the International Monetary Fund (IMF) which took the total repaid amount to...
‘Rs.115.3 billion transaction proceeds till June 30, 2012’
More than 28.4 million transactions worth of Rs.115.3 billion have been processed during the quarter ending June 30, 2012 a state bank official said....
Banks referee in MINTEX, TUF match up
The central bank Thursday asked the banks and development finance institutions (DFIs) to process claims for the provision of mark-up and investment support to...
Profit rates revised
In response to considerable slash in discount rate by State Bank of Pakistan, the Federal Government has downward revised the profit rates on National...
SBP injects Rs 261.650b
State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 261.650 billion...
