Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
State Bank urges banks to improve their services Karachi: (Monday, December 26, 2011) While taking notice of the complaints regarding poor services rendered by a number of commercial banks in Pakistan, Deputy Governor State Bank of Pakistan (SBP) Muhammad Kamran Shehzad has urged them to focus on improving their service standards and serve the people […]
Bilateral trade promotion on cards; Pakistan signs currency swap agreement with china Islamabad, Saturday, December 24, 2011: In a bid to increase the volume of bilateral trade between the two countries, Pakistan and China signed currency swap agreement today. The agreement marks a crucial development for strengthening investment and financial relations between the two countries […]
SBP observes Pak economy going into drain State Bank of Pakistan, while releasing its annual report, has expressed its concern over the way the government was playing havoc with the economy of the country. The crux of the SBP’s report stated that a major chunk of the vows caused to the economy of Pakistan were […]
Pakistan Foreign Exchange Reserves to stand at $16.69 billion Karachi (December 16), despite cautions from energy shortage marred industry and textile sectors of the country to experience decline in the exports, Pakistan’s foreign exchange reserves during the last week reached to $ 16.69 billion. In the previous week, the figure stood at $ 16.68 billion. […]
The State Bank of Pakistan announced its monetary policy today, but did not change the discount rate, keeping it unchanged at 12-percent. This was largely expected due to talks of rupee getting depriciated and rising inflation. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by […]
The State Bank of Pakistan announced its monetary policy today, but did not change the discount rate, keeping it unchanged at 12-percent. This was largely expected due to talks of rupee getting depriciated and rising inflation. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by […]
The State Bank of Pakistan is expected to announce the monetary policy tomorrow, i.e. Wednesday, November 30 and a slash of 50 basis points is expected in a bid to instigate investment in the country. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% […]
IMF fears security concerns may further limit capital inflows to Pakistan The International Monetary Fund (IMF) on Tuesday warned the outlook for Pakistan’s economy for the current fiscal year ending June 2012 is “challenging” adding that the global risk aversion and security concerns might further limit capital inflows to the country. The fund held talks […]
As per the reports released by the State Bank of Pakistan, Telecommunication and broadband operators have registered a 30% dip in the revenue generation, during the first quarter of the fiscal year 2011-2012, Jul.-Sept. 2011, compared to last year’s same period. Telecommunication sector accounted for a total of $34.6 million compared to last year’s earnings […]
The shortage of cash in the main branch of National Bank of Pakistan led to the embarrassment and inconvenience of the people who will have to go without money on Eid-ul-Azha. A contractor Najm Riaz told Chitraltimes.com that he could not get cheque cashed from a bank because of which he will not be in […]
The KSE-100 index, after closing in the negative zone on Wednesday, November 2, gained 61 points on Thursday, November 3 to close at 11,807 points, surpassing the 11,800 mark for the first time this month. Volumes remained low throughout the trading session, locking in 61.487 million shares during the day. 70% of OGDC’s free float […]
Negative sentiment prevailed in the market yet again as the KSE-100 index lost another 104 points to close at 11,283 points on Thursday, October 27. The index shed 130 points yesterday to fall below the psychological barrier of 11,500 points and it now remains to be seen if the 11,000 mark can be sustained. After […]
