Adnan Farooq
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
Adnan Farooq
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
Adnan Farooq
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
Adnan Farooq
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
Adnan Farooq
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)
Adnan Farooq
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
Adnan Farooq
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
Adnan Farooq
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
Adnan Farooq
On Monday, the SBP fixes Nisab for Zakat deduction on bank accounts as the RS46329 for the current year to be nisab for Zakat, according to a declaration. SBP/ Handout through The News "No deduction of
