Senate Committee Urges Stricter Penalties for Banks Involved in Currency Manipulation
The Senate Standing Committee on Economic Affairs has called for stricter actions against banks found guilty of currency manipulation during…
Rupee Ends 8-Day Winning Streak, Closes at 277 Against US Dollar
The Pakistani rupee (PKR) ended its 8-day winning streak against the US dollar, closing slightly lower at 277.86 after depreciating…
SBP Extends Deadline for Exchange Companies to Import US Dollars Until June 2025
The State Bank of Pakistan (SBP) has extended permission for exchange companies to import US dollars until June 2025, in…
SBP Confirms IMF Loans Exclusively for Balance of Payments
On Monday, officials from the State Bank of Pakistan (SBP) informed the Senate Standing Committee on Economic Affairs that foreign…
Investment-to-Deposit Ratio Surpasses 100% While Advance-to-Deposit Ratio Hits Record Low
In a significant shift within Pakistan’s banking sector, the Investment-to-Deposit Ratio (IDR) has exceeded 100% for the first time, while…
Pakistani Bond Yields Fall to 2-Year Low Amid Expectations of SBP Rate Cut
Pakistani bond yields have dropped to a 2-year low, signaling improved market sentiment as expectations grow for another rate cut…
Huawei Technologies and NIBAF Sign MoU to Digitally Empower Pakistan’s Banking Sector
Huawei Technologies Pakistan and the National Institute of Banking and Finance (NIBAF) have entered into a strategic partnership through a…
PM Shehbaz Sharif Emphasizes FBR Digitization and Enhanced Enforcement for Economic Reforms
Prime Minister Shehbaz Sharif emphasized the urgent need for digitizing the Federal Board of Revenue (FBR) and improving its enforcement…
BISP and SBP Collaborate to Streamline Stipend Payment System for Beneficiaries
In a progressive move towards improving the disbursement of financial aid to deserving women, the Benazir Income Support Programme (BISP)…
Pakistan Stock Exchange Soars Beyond 82,000 Points, Setting New Record
The Pakistan Stock Exchange (PSX) made history today as it surged past the 82,000-point mark, marking a new all-time high.…