SBP sells treasury bills worth Rs2,212 billion in auction

KARACHI: State Bank of Pakistan (SBP) has raised Rs2,212 billion for budget financing in an auction of market treasury bills. Read more »

ECC bans export of wheat to control domestic prices

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Wednesday decided to impose ban on export of wheat and related products in order to control prices in the local market. Read more »

Huwaei to set up regional headquarters in Pakistan

ISLAMABAD: Huwaei Group has announced to set up its regional headquarters in Pakistan and also announced to invest around $100 million this year in the country. Read more »

SBP issues procedure for opening bank accounts of politically exposed persons

KARACHI: State Bank of Pakistan (SBP) has issued procedure for opening bank accounts of Politically Exposed Persons (PEPs) and instructed banks to facilitate such persons without compromising due diligence process under anti-money... Read more »

Market ends flat despite positive opening

KARACHI: The stock market ended with gain of nominal 10 points on Wednesday despite positive trading of over 400 points earlier in the day. Read more »

Rupee gains 24 paisas against dollar

KARACHI: The Pak Rupee gained 24 paisas against dollar on Wednesday owing to optimistic remarks on the economy by the governor of State Bank of Pakistan on the other day. Read more »

Sales tax imposed on banking services of cheque books, lockers

KARACHI: SIndh government has imposed sales tax on services on cheque book issuance and maintaining locker vaults by a banking company to its customer. Read more »

SBP revises ‘blocked accounts’ of non-resident Pakistanis under Foreign Exchange Manual

KARACHI: State Bank of Pakistan (SBP) has revised blocked accounts of non-resident Pakistanis under Foreign Exchange Manual and laid down procedure for investment of amount from such blocked account. Read more »