Friday, May 24, 2019

Islamic banking rapidly growing, SBP tells Senate body

ISLAMABAD: The representatives of the State Bank of Pakistan informed Senate Standing Committee on Finance here on Thursday that Shariah Compliance, Islamic banking was...

SBP moves to regulate banks’ overseas operations

KARACHI: After two of the country’s largest private banks had their skirmishes with regulatory authorities in the United States, the State Bank of Pakistan...

Finance Minister says no economic crisis in the country

ISLAMABAD: Finance Minister Asad Umar on Tuesday rejected the notion that the country is facing an economic crisis, saying the "financing gap for the...

Govt releases Rs 151.17b for development projects

ISLAMABAD: The government has released Rs 151.17 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against the...

World Bank, ADB high-ups informed of Pak uplift targets

ISLAMABAD: Special Assistant to Prime Minister on Overseas Pakistanis Syed Zulfikar Abbas Bukhari on Thursday emphasized the need for collaborative efforts to achieve human...

SC moves for new dams construction

ISLAMABAD - The Supreme Court on Wednesday ordered relevant authorities to immediately initiate work on Diamer Bhasha Dam and Mohmand Dam, and constituted an execution...

Banks issued guidelines to tighten cyber security

KARACHI: In the aftermath of a local bank reporting a loss of Rs2.6 million last month, the State Bank of Pakistan (SBP) issued a...

SBP says Pak exports to Afghanistan falls 17.68pc

ISLAMABAD: The State Bank of Pakistan (SBP) said that the country's export of goods to Afghanistan decreased by 17.68  percent during July-December (2018-19) to...

Hopeful rupee will stabilise as money flows in: SBP governor

LAHORE: State Bank of Pakistan governor Tariq Bajwa on Sunday expressed hope that the slide in the rupee will be stemmed once money flows...

Bank of Punjab declares 7.5pc cash dividend

LAHORE: The Bank of Punjab (BOP) announced and recommended a cash dividend of 7.5 percent for shareholders for the year 2018, after a period...

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