Browsing Category
BUSINESS
IMF delays release of $ 1 billion installment to Pakistan
ISLAMABAD : International Monetary Fund (IMF) has agreed to continue to extend talks with Pakistan on conclusion of Doha round . The fund in its joint statement stressed upon the government of Pakistan to withdraw subsidy on petroleum…
Experts fear quick surge in policy rate may slow down economic growth
Karachi : The economic experts fear that the State Bank of Pakistan (SBP) policy of quick surge in policy rate. They argue that the repeated increase in policy rate will slow down borrowing of the private sector which would subsequently…
PTA, NHMP sign MoU for collaboration of in areas of mutual interest
ISLAMAABD (May 19, 2022): Pakistan Telecommunication Authority (PTA) and National Highways & Motorway Police (NHMP) jointly signed a Memorandum of Understanding (MoU) at PTA Headquarters Islamabad, today. The cooperation and…
SBP, IFC join hands to promote agriculture finance through warehouse receipts
KARACHI: Deputy Governor State Bank of Pakistan (SBP) Ms Sima Kamil addressing a 2-day specialized
training workshop on Electronic Warehouse receipt financing (EWRF) for banks observed that the
subject training program will be…
Overseas Pakistanis bring big news to Pakistan as remittances in April reach to $ 3.1 billion mark
KARACHI : Overseas Pakistani made history by sending remittances of $3.1 billion in April . This is the highest ever remittances Pakistan received ever in its history of 75 years. Overseas Pakistanis have sent home highest ever remittances…
Dr. Murtaza Syed assumes position as SBP acting governor
KATACHI: In light of Section 10(2) of the State Bank of Pakistan (SBP) Act 1956 (amended), Dr. Murtaza Syed,
being the senior most Deputy Governor, has assumed the position of Acting Governor SBP, with
effect from May 5, 2022. It may be…
Governor SBP sets to lose job today
KARACHI: Pakistan Muslim League Nawaz (PMLN) led coalition government has formally decided not to extend another term to governor State Bank of Pakistan (SBP) Syed Raza. Baqir .
Finance minister, Mifta Ismael , on Tuesday conveyed to Raza…
Govt prefers politics over correction ,keeps petroleum products prices unchanged
ISLAMABAD : The Shahbaz government is also following footsteps of its predecessor for keep maintaining petroleum prices unchanged despite bearing its huge impact on revenue. According to the Federal Board of Revenue (FBR) , the decision of…
Experts term energy wheeling key to economic development in KPK
ISLAMABAD, April 25, 2022: Energy wheeling and industry academia linkage should be prioritized for improving business regulatory environment in Khyber Pakhtunkhwa. The experts from Public, private sectors, and academia, said this during…
