Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The Economic Coordination Committee of the Cabinet was informed by the Governor State Bank of Pakistan on Saturday that SBP had received the first installment of US $ 550 million from the International Monitoring Fund thus increasing the Foreign Exchange Reserve to US $ 10.4 billion. This was disclosed when the ECC was discussing the […]
In response to what have been characterized as steadily improving inflation figures, the State Bank of Pakistan has cut its benchmark interest rate from 10.5% to 10%. The SBP earlier in August had reduced the interest rate by 150 basis points amid an improved inflation projection for 2012-13 and for encouraging private investment. The move […]
Karachi: (Thursday, August 16, 2012) Pakistan’s foreign exchange reserves, according to the State Bank of Pakistan, stood at $ 15,298.4 million on week ending on August 10, 2012. According to the details, foreign reserves held by SBP were $ 10,825.2 million and net foreign reserves held by commercial banks were $ 4,473.2 million.
In an apparent bid to enhance bilateral ties between the neighboring countries, Pakistan and India on Friday opened Trade-Gate at Wagah Border. Giving positive response, India not only permitted Foreign Direct Investment (FDI) from Pakistan but also inaugurated a second Integrated Check Post (ICP) on the border at Attari. Indian Commerce Minister Anand Sharma after […]
SBP outlines mechanism for sugar exporters Karachi: (Monday, March 05, 2012) The State Bank of Pakistan, while outlining a comprehensive mechanism for all authorized dealers in foreign exchange for the export of sugar, has made filling and submitting the E-Form as a mandatory requirement for sugar mills. According to the details, banks will forward the […]
Interest rate unchanged at 12 percent for February and March Saturday, February 11, 2012: State Bank of Pakistan (SBP) has decided to maintain the interest rate for the month of February and March. The interest rate will remain at 12 percent during the aforementioned months. The decision of not bringing any change in the interest […]
Islamic micro financing not taken seriously in Pakistan says, Ahmed Shuja Kidwai Ahmed Shuja Kidwai, the Chief Operating Officer of Al Baraka Bank, said that the extraordinary potential in the country, financial institutions in Pakistan are still not taking Islamic micro financing seriously. Speaking about the situation of this up-and-coming sector in the country, he […]
The State Bank of Pakistan announced its monetary policy today, but did not change the discount rate, keeping it unchanged at 12-percent. This was largely expected due to talks of rupee getting depriciated and rising inflation. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by […]
The State Bank of Pakistan announced its monetary policy today, but did not change the discount rate, keeping it unchanged at 12-percent. This was largely expected due to talks of rupee getting depriciated and rising inflation. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by […]
The State Bank of Pakistan is expected to announce the monetary policy tomorrow, i.e. Wednesday, November 30 and a slash of 50 basis points is expected in a bid to instigate investment in the country. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% […]
The KSE-100 index, after closing in the negative zone on Wednesday, November 2, gained 61 points on Thursday, November 3 to close at 11,807 points, surpassing the 11,800 mark for the first time this month. Volumes remained low throughout the trading session, locking in 61.487 million shares during the day. 70% of OGDC’s free float […]
Negative sentiment prevailed in the market yet again as the KSE-100 index lost another 104 points to close at 11,283 points on Thursday, October 27. The index shed 130 points yesterday to fall below the psychological barrier of 11,500 points and it now remains to be seen if the 11,000 mark can be sustained. After […]
