Category Archives: Finance

FBR advised establishing behavioral insight units for exploring revenue potential


KARACHI: State Bank of Pakistan (SBP) has given a solution for enhancing tax-to-GDP ratio through establishing a behavioral insight team by Federal Board of Revenue (FBR).

National Savings likely to launch Dollar Certificates by May 2018

KARACHI: Central Directorate of National Savings (CDNS) is planning to launch saving certificates in US dollars to encourage overseas Pakistanis to invest this financial instruments. This dollar based security is likely to be launched in the last quarter of this fiscal year.

Economy maintains growth momentum despite external headwinds


KARACHI: State Bank of Pakistan (SBP) on Friday released its First Quarterly Report for FY18 on the State of Pakistan’s Economy. According to the Report, preliminary data on key macroeconomic indicators suggest that growth momentum remained strong in the first quarter of current fiscal year. Several coincident indicators point to a further strengthening of aggregate supply and demand in the economy.

Amnesty should not be used to shelter illegal practice: FPCCI


KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government that the planned amnesty should not be used as a shelter to illegal practices.

Export of 76,000MT urea allowed


KARACHI: The government has allowed export of 76,000 metric tons of urea Sri Lanka up to February 28, 2018, according to a circular issued by State Bank of Pakistan (SBP).

Idea for improving federal government functionaries to get Rs100,000 cash award


ISLAMABAD: The establishment division has announced a cash award of Rs100,000 for giving an idea to improve efficiency of federal government departments.

FDI sharply declines by 71.47pc in Dec 2017


KARACHI: The inflow of foreign direct investment (FDI) into the country has declined sharply by 71.47 percent in December 2017 creating more problems for the external sector.

SBP directs banks to open branches on Jan 20, 21 for receiving Hajj application


KARACHI: State Bank of Pakistan (SBP) on Tuesday directed banks to open their designated branches on January 20 and 21 (Saturday and Sunday) for the collection of Hajj applications.

Pakistan, Russian central banks sign pact on bilateral cooperation


KARACHI: State Bank of Pakistan (SBP) and Central Bank of Russian Federation (CBRF) on Monday signed a Memorandum of Understanding (MoU) on bilateral central banking cooperation.