SBP, banks discuss Naya Pakistan Housing Program

KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and... Read more »

SBP suspends service charges to facilitate banks

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced temporary suspension of 0.12 percent service charges levied on banks against deposit of re-issuable balance. Through FD Circular No. 03/2015, dated August... Read more »

Equity market declines by 170 points on political uncertainty

KARACHI: The equity market ended down by 170 points on Wednesday owing to uncertainty after a political party announced to leave government coalition. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Sindh Budget 2020-2021 at a glance

KARACHI: The Sindh government on Wednesday presented budget for fiscal year 2020/2021. The following is budget at a glance: Read more »

Sindh unveils Rs1.2 trillion budget 2020/2021 with no new tax, 10 percent salary increase

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Wednesday presented Rs1.2 trillion provincial budget 2020/2021 with announcing no new tax and increase of 10 percent salary of the provincial government employees.... Read more »

Rupee slides to Rs165.71 against dollar

KARACHI: The Pak Rupee plummeted by 83 paisas Rs165.71 to the dollar on Wednesday owing to higher demand of the foreign currency for import and corporate payments. The rupee ended at Rs165.71... Read more »

Key points of amnesty scheme for real estate sector

KARACHI: The federal government has made amnesty granted to real estate sector to the part of Finance Bill, 2020 in order to get approval from the Parliament. Deloitte Yousuf Adil Chartered Accountants... Read more »

NBMFCs reschedule over Rs17 billion loans of 0.93 million individuals

ISLAMABAD: Non-bank Microfinance Companies (NBMFCs) have rescheduled over Rs17 billion loan portfolios of 932,862 individuals in order to provide relief in the wake of coronavirus outbreak. The Securities and Exchange Commission of... Read more »

FBR to take action against amnesty declarants on failure to make payment

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that it will invoke provisions related to concealed assets in case amnesty declarants failed to pay due payment by June 30, 2020. In... Read more »