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Foreign investment plunges by 61.5pc in July

KARACHI: Total foreign investment into the country has been declined by 61.5 percent to $86 million during July 2018 as compared with $223.1 million...

Foreign exchange reserves slip by $292m on external debt payment

KARACHI: The foreign exchange reserves of the country have declined by $292 million due to foreign debt payments, State Bank of Pakistan (SBP) said...

State Bank announces Eid holidays

KARACHI: State Bank of Pakistan (SBP) on Thursday announced holidays from August 21 to August 23 on account of Eid-ul-Azha. The SBP in a statement...

SBP sells Rs40.44bn T-bills at 7.75 percent cut-off yield

KARACHI: State Bank of Pakistan (SBP) on Wednesday sold Rs40.44 billion treasury bills at cut-off yield of 7.75 percent above 25 basis points than...

49 million account holders under FBR radar for potential taxpayers

KARACHI: Federal Board of Revenue (FBR) is set to tighten noose around 49 million bank depositors in order to find out new taxpayers. Sources told...

SBP assures support to newly elected government

KARACHI: Tariq Bajwa, Governor, State Bank of Pakistan (SBP) on Tuesday assured that the central bank will provide complete support to the newly elected...

SBP tightens exchange companies regulations to facilitate public

KARACHI: State Bank of Pakistan (SBP) on Monday directed exchange companies to display signboards prominently and mentioning all the prerequisite details for public awareness. In...

SBP revises instructions on open account facility

KARACHI: State Bank of Pakistan (SBP) on Monday revised instructions regarding advance payment facility. Recently, the SBP revised the instructions relating to advance payment...

Rs1,250 billion set as target for agriculture credit disbursement during fiscal...

KARACHI: State Bank of Pakistan (SBP) on Saturday said that an amount of Rs1,250 billion has been fixed as target of agriculture loan disbursement...

SBP’s import restriction hamper export orders: PHMA

KARACHI: Textile exporters have said that latest import restriction will affect completing future orders and it will result in decline in foreign inflows in...

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