KARACHI: State Bank of Pakistan (SBP) on Thursday designated three banks as Domestic Systemically Important Banks (D-SIBs) for the year 2022.
KARACHI: The Pakistani Rupee (PKR) ended stable against the US dollar on Thursday amid higher foreign currency demand for import and corporate payments.
State Bank of Pakistan
KARACHI: The government of Pakistan on Wednesday raised around Rs1.66 trillion through auction of treasury bills for deficit financing and repayment of maturity.
KARACHI: Pakistan has registered around 10 per cent decline in inflows of foreign remittances during first five months (July – November) of current fiscal year. According to data released by State Bank of Pakistan (SBP) on Wednesday, the inflows of workers remittances declined to $12 billion during first five months of the current fiscal year […]
KARACHI: Pakistani Rupee (PKR) softened against the US dollar on Wednesday to end at PKR 224.71 in the interbank foreign exchange market. The exchange rate recorded ease in rupee value to end at PKR 224.71 from previous day’s closing of PKR 224.70 in the interbank foreign exchange market. READ MORE: PKR steady fall continues against […]
KARACHI: Faysal Bank Limited (FBL) has been awarded with the best Islamic retail bank in Pakistan, a statement said on Tuesday. With a keen focus on offering innovative Islamic retail banking products and services, Faysal Bank Limited (FBL) has been at the forefront of setting new benchmarks in the Islamic retail banking industry in Pakistan. […]
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday imposed cash carrying limit of $5,000 for travelling abroad. The FBR issued SRO 2201(I)/ 2022 dated December 12, 2022 to make part of law the amendment made to Baggage Rules, 2006. Previously, draft amendments to the rules were introduced through SRO 2043(I)/2022 on November 15, 2022. READ […]
KARACHI: A steady fall in Pakistani Rupee (PKR) continued against the dollar on Tuesday as the local currency lost another five paisas in interbank foreign exchange market. The exchange rate recorded a decline of five paisas in rupee value to end PKR 224.70 to the dollar from previous day’s closing of PKR 224.65 in the […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday said it will not accept old designed large size bank notes after December 31, 2022. The central bank in a statement said that the federal government through Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchange of old design large size banknotes […]
KARACHI: Meezan Bank Limited (MBL) has been declared as the ‘Best Consumer Bank’ at the 7th edition of Pakistan Banking Awards held here recently. Meezan Bank has earlier won the ‘Best Bank’ award twice – in 2018 and 2020 and the ‘Best Islamic Bank’ award in 2016 and 2017. Ijaz Farooq – Meezan Bank’s Group […]