SBP sets maximum payment limits for board members of banks, DFIs

KARACHI: The State Bank of Pakistan (SBP) on Saturday amended Prudential Regulations G-1 and sets maximum limits for payment to board members of banks and Development Financial Institutions (DFIs). Read more »

Rupee slips by 52 paisas in interbank

KARACHI: The Pak Rupee fell by 52 paisas against dollar on Friday owing to high demand for the foreign currency as market was opened after week-long holidays. Read more »

SBP to monitor ATMs working during Eid holidays

KARACHI: State Bank of Pakistan (SBP) will monitor the working of Automated Teller Machines (ATMs) during Eid holidays to ensure uninterrupted availability of cash. Read more »

Rupee ends down on dollar demand ahead of week-long holidays

KARACHI: The Pak Rupee ended down by 19 paisas against dollar on Friday owing to higher demand for import payments ahead of Eid and weekly holidays. Read more »

SBP imposes penalty on four banks for violating AML/KYC

KARACHI: The State Bank of Pakistan (SBP) has imposed penalty of Rs184.64 million upon four commercial banks for violating laws related to Anti-Money Laundering (AML)/Know Your Customer (KYC). Read more »

Rupee ends unchanged against dollar

KARACHI: The Pak Rupee ended unchanged against dollar on Thursday despite inflows of remittances and export receipts. Read more »

HBL declares 51 percent decline in net profit during first quarter

KARACHI: Habib Bank Limited (HBL) on Thursday declared 51 percent decline in net profit during the first half ending June 30, 2019. Read more »

Rupee gains 40 paisas in early trade

KARACHI: The Pak Rupee continued appreciation against dollar as the local unit gained 40 paisas in early trade on Thursday. Read more »

SBP launches Islamic working capital financing for small, medium enterprises

KARACHI: State Bank of Pakistan (SBP) on Wednesday launched Islamic Working Capital Financing (IWCF) for small enterprises and low-end medium enterprises. Read more »

Rupee continues to make gain against dollar on eighth consecutive trading day

KARACHI: The Pak Rupee continued to make gain against dollar for eighth consecutive day on Wednesday owing to improved inflows of home remittances related to Eid-ul-Azha. The rupee gained 40 paisas to... Read more »