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BUSINESS
ESG calls for strict compliance on environmental laws
ISLAMABAD/KARACHI (August 05, 2022): Ms. Sima Kamil, Deputy Governor, State Bank of Pakistan (SBP) said that ESG is a major concern as financial stability of the financial sector is paramount since banks use public funds to conduct lending…
Dollar’s free fall continues , rupee closes at 217 in open market
KARACHI : August 4, 2022. Free fall of US Dollar against the rupee is continuing in the currency market . On Thursday , US dollar witnessed a major decline of Rs 11, taking it down to Rs 217 on the closing of the currency market.
A day…
SBP announces August 8, 9 as holidays for Moharrum
KARACHI. August 4, 2022. The State Bank of Pakistan (SBP) has announced August 8-9 on 9-10 Moharrum .
The SBP will remain closed from August 8-8 in connection with holydays for Muharrum (9, 10).
The banks will also remain closed on…
Rupee thrashes dollar , pegs at 228.8 on Wednesday
KARACHI . A US dollar on Wednesday witnessed major decline against the rupee in the currency market.
Wednesday's gain by the rupee has brought a good news for the local market as well as trading and businesses centers which had direct…
Rupee stops losing streak, makes handsome gain against US dollar
KARACHI: August 1, 2022. After long spell of losing ground to US dollar, the rupee on Monday bounced back as it made substantial gain in the open market against the US currency .
On Monday, the rupee gained Rs 4.50 against the US…
Pressure on rupee to start easing in two weeks. Miftah claims
ISLAMABAD . July 31,2023.Finance minister , Miftah Ismail , on Sunday said the government was going to fulfil the remaining one condition of the International Monetary Fund (IMF) .
Although Miftah Ismail did not divulge which was the…
Experts call for phasing out of conventional financing system with Islamic Banking
ISLAMABAD, July 29: The Securities and Exchange Commission of Pakistan (SECP) organized “High Power Session on Islamic Finance” to discuss potential issues, challenges, and opportunities related to Islamic finance within regulated sectors…
Trade with Kabul in local currency, rising import bill cost Pakistan over $ 2 billion extra per…
ISLAMABAD: July 29, 2022. Forex Dealers Association of Pakistan (FDAP) chairman, Malik Bostan Khan has said Pakistan is taking hit of $ over 2 billion in imports every month due to rising trend in the prices of petroleum products in global…
Women inclusion in development must for Pakistan . FPCCI chief says
ISLAMABAD .July, 28 2022.Mr. Irfan Iqbal Sheikh President, Federation of Pakistan Chambers of Commerce and Industries FPCCI assured to the women delegation of Rawalpindi women's chamber for full cooperation when and where required and also…
Workers’ remittances set new record in June
KARACHI!: The State Bank of Pakistan (SBP) data shows the workers remittances rose to $2.76 billion in June last, indicating an increase by 18.4 percent on m/m basis and 1.7 percent on y/y basis.
It said remittances were mainly sourced…
