Category Archives: Finance

SBP to repay $500 million Chinese loan on Jan 23

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ISLAMABAD: State Bank of Pakistan (SBP) has been directed to repay a loan of $500 million to the Chinese State Administration of Foreign Exchange (SAFE) upon its maturity on January 23, 2017.

Zero percent sales tax being charged on kerosene, light diesel oil: finance minister

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ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Monday said that the government is charging zero percent sales tax on kerosene and light diesel oil in order to provide relief to poor consumers.

SECP’s registration offices to remain open on Saturdays

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Monday announced that its company registration offices (CROs) will remain open on Saturdays from 9:00 AM to 1:00 PM from February 01, 2017 onwards.

Integration of stock exchanges landmark achievement: FBR

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ISLAMABAD: Nisar Muhammad Khan, Chairman, Federal Board of Revenue (FBR) has said that the integration of Stock Exchanges into Pakistan Stock Exchange was a landmark achievement of SECP and so was the Companies’ Bill 2016.

Foreign direct investment increases by over 10pc during first half

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KARACHI: Foreign Direct Investment (FDI) of the country has increased by over 10 percent to $1.08 billion during first half of current fiscal year against $978 million in the same half of the last fiscal year, according to data issued by State Bank of Pakistan (SBP) on Monday.

Petroleum prices increased for next fortnight

ISLAMABAD: The government after realizing the revenue shortfall has decided to pass on the impact of higher prices of petroleum products to consumers.

SBP enhances credit guarantee coverage to 60pc for loan to business starters, women borrowers

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KARACHI: State Bank of Pakistan (SBP) has made changes in the Credit Guarantee Scheme (CGS) and increased the guarantee coverage to 60 percent for loan extended to business starters and women borrowers.

SBP allows relaxation to rice, leather exporters in meeting performance under Export Finance Scheme

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KARACHI: State Bank of Pakistan (SBP) has allowed relaxation of time period for exports of rice and leather to meet their export performance.

Asset management companies asked to make borrowing arrangements for unexpected redemption

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Friday proposed measures to improve liquidity risk management in the open end equity oriented funds under which all Asset Management Companies (AMCs) will be required to make arrangements with financial institutions in advance for borrowing to deal with unexpected redemption.