Category Archives: Finance
KARACHI: Pakistan’s current account deficit (CAD) has widened by over 92 percent to $3.58 billion during first half of current fiscal year as compared with the deficit of $1.86 billion in the corresponding half of the last fiscal year, according to Balance of Payment (BoP) issued by State Bank of Pakistan (SBP) on Wednesday.
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.
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.
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.
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.
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.
ISLAMABAD: The government after realizing the revenue shortfall has decided to pass on the impact of higher prices of petroleum products to consumers.
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.
KARACHI: State Bank of Pakistan (SBP) has allowed relaxation of time period for exports of rice and leather to meet their export performance.
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.