Tag Archives: SBP

FBR advised establishing behavioral insight units for exploring revenue potential

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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).

Duty collection from imported vehicles surges by 57.7pc

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KARACHI: The collection of customs duty from imported vehicles has increased sharply by 57.7 percent due to higher imports and revision in duty structure.

Economy maintains growth momentum despite external headwinds

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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.

Export of 76,000MT urea allowed

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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).

FDI sharply declines by 71.47pc in Dec 2017

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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

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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

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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.

SBP grants status to NCCPL as special participant of PRISM system

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KARACHI: State Bank of Pakistan (SBP) has granted a status to National Clearing Company of Pakistan Limited (NCCPL) as a special participant of PRISM System to settle net position of capital market transactions in PRISM.

Remittances grow to $9.74bn in first half; inflows from UK post 23pc rise

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KARACHI: The inflows of remittances form the UK have increased by 23 percent which helped the total inflows to $9.74 billion during the first half of current fiscal year, according to data released by State Bank of Pakistan (SBP) on Wednesday.