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Pakistan posts a current account deficit of $47m in March

Pakistan posts a current account deficit of $47m in March

Pakistan posted a current account deficit of $47 million in March, making it the fourth month in a row to record a shrink in the balance. However, the first nine months of FY21 saw an

Remittances To Pakistan Remain Above $2b

Remittances To Pakistan Remain Above $2b

Remittances to Pakistan increased by 14.1 percent year on year to $2.3 billion, clocking in above the $2bn mark for the fifth consecutive month in a row, the latest figures released by the State Bank

SBP earns record profit in fiscal year 2019-20

SBP earns record profit in fiscal year 2019-20

The State Bank of Pakistan earned a record profit of Rs1.16 trillion during the fiscal year 2019-20 ended on June 30, compared to a loss of Rs1.043bn during the same period last fiscal year, data

SBP announces new changes to facilitate foreign investors

SBP announces new changes to facilitate foreign investors

The State Bank of Pakistan (SBP) on Tuesday introduced a transparent mechanism, with complete delegation to banks, for remitting disinvestment proceeds to facilitate foreign direct investment (FDI). Under the new mechanism, the banks will be

Asim Bajwa asked to clarify assets

Asim Bajwa asked to clarify assets

Senator Shibli Faraz, the federal government’s information minister on Tuesday said the CPEC Authority Chairman Asim Bajwa will share details around the recently released story on his ownership in million-dollar Papa John’s Pizza chain. Earlier

Mechanism for digital payments unveiled

Mechanism for digital payments unveiled

In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital

SBP advises banks to increases Islamic banking services

SBP advises banks to increases Islamic banking services

The State Bank of Pakistan on Wednesday issued instructions for the banks to promote and increase the share of islamic banking in the country. “Keeping in view the significant potential of Islamic Banking Windows (IBWs)

No monetary policy till September, says State Bank

No monetary policy till September, says State Bank

The State Bank of Pakistan on Thursday said that it will not hold the scheduled monetary policy meeting in August given the meetings that have taken place in recent months.  “Given the number of MPC

Pakistan Post to become a Pakistan Post Bank

Pakistan Post to become a Pakistan Post Bank

The government on Monday said the country’s postal service “Pakistan Post” will now be turned to the Pakistan Post Bank after international financial regulators raised questions over the lack of documentation with respect to the

SBP announces surprise 100 basis point rate cut

SBP announces surprise 100 basis point rate cut

The State Bank of Pakistan (SBP), in a surprise monetary policy committee (MPC) meeting on Thursday, cut the interest rate by 100 basis points to seven per cent.  Thursday’s cut is fifth in the last