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BUSINESS
China RE model quick solution to Pakistan’s energy crisis
ISLAMABAD : (June 4, 2022): China’s potential in renewable energy generation can potentially drive a massive shift in Pakistan’s energy sector and it could also serve as a viable solution for Pakistan’s energy crisis which has been…
Currency dealers foresee major slide in dollar value in coming weeks
KARACHI: The currency dealers are foreseeing major slide in dollar value in Pakistan in coming weeks as the government is taking a number of measures to set aside pressure on the rupee. The US dollar has already shed around Rs 5 in the…
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…
