Eid spending turned into heavy withdrawal from banks which created a cash crunch in the banking system.
Keeps the hope alive for the country to fetch around $2 billion during the holy month
KARACHI: Ill-equipped bank branches are still struggling to provide uninterrupted satisfactory level of service to...
State Bank revealed that rising imbalances on every front pushed up the deficit despite high inflows during the year.
KARACHI: The State Bank of Pakistan (SBP) on Saturday left its policy rate unchanged at 10 per cent for next two...
Among the top 15 contributors to CIP inflation, electricity was the biggest contributor after education.
The government increases cut-off yields on Pakistan Investment Bonds to encourage banks to invest in long-term papers.
The sudden rise in the total foreign investment was due to $2.1bn investment in the Eurobond.
KARACHI: Moody’s Investors Service on Monday revised the outlook on Pakistan’s foreign currency government bond...
KARACHI: The reversal of cotton policy by China has hit Pakistan’s yarn production and yarn export, reveals a...
Central bank says sentiments about the economy seem to have improved during third quarter of the outgoing fiscal year
OGDCL failed to hit targets despite having latest data acquisition technologies, quality control software, says report
We believe this year, the inflow is much higher than last year, said Malik Bostan Chairman, ECAP.
The companies refused to produce documents for audit and never replied to questions raised by auditors
According to a report issued by the State Bank, monetary expansion was 9.51 per cent compared to 15.9pc in FY-13.
KARACHI: Byco Petroleum Pakistan Limited (BPPL) was provided supplies worth over Rs1 billion free of cost without...
Amount earned by misdeclaring transactions being made as remittances, and SBP kept accepting the false claims.
The banks invested Rs38.5bn for three-month t-bills, Rs12 million for 6-month and Rs90m for 12-month papers.
Returns on investment in financial sector continue to be lucrative despite anaemic GDP growth for the last five years
The ADR in Pakistan, about 54 pc, is the lowest in the region compared with India’s 76pc and Bangladesh’s 80pc.