SBP restrains banks’ chairmen from appointing adviser

KARACHI: State Bank of Pakistan (SBP) on Tuesday restrained board / chairman of banks from appointing adviser in any capacity. Read more »

Foreign currency account restriction on non-filers not apply on non-residents: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the restriction imposed on non-filers related to foreign currency accounts shall not apply on non-resident Pakistanis. Read more »

SBP to expedite payment license issuance to FinTech companies

KARACHI: State Bank of Pakistan (SBP) will expedite issuance of payment licenses to FinTech companies in order to accelerate financial inclusion program. Read more »

Forex exchange reserves fall to $16.19 billion on sovereign bond repayment

KARACHI: The foreign exchange reserves of the country fell by $1.03 billion during a week owing to huge repayment made against Pakistan Sovereign Bond. Read more »

Foreign Direct Investment falls by 51.4 percent in nine months

KARACHI: The foreign direct investment (FDI) has declined by 51.4 percent to $1.27 billion during first nine months of current fiscal year as compared with $2.6 billion in the corresponding period of... Read more »

Senior citizens allowed investment in national savings on expired CNICs

KARACHI: The Central Directorate of National Savings (CDNS) has directed its zonal offices to adhere the policy of the central bank regarding facilitating senior citizens above age 65 years in making investment... Read more »

Non-acceptance of duty, taxes: SBP launches surprise inspection of bank branches

KARACHI: State Bank of Pakistan (SBP) has launched surprise inspection of bank branches across the country on complaints received from taxpayers that banks were not accepting duty, taxes through over the counter... Read more »

Foreign exchange reserves deplete by $169m to $17.228bn

KARACHI: Foreign exchange reserves of the country fell by $169 million to $17.228 billion by week ended April 05, 2019 as compared with $17.397 billion a week ago, State Bank of Pakistan... Read more »