Pakistan Customs, Tax, Shipping & Business News Resource
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy. Covering…
The total liquid foreign reserves held by the country stood at US$ 16,632.7 million as of 13-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
Raising Interest Rate to only 13% Will Not Benefit Pakistan’s Economy: Ahmed Azeem Alvi: KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State…
The State Bank of Pakistan (SBP) is gearing up to make a significant announcement on Monday, with analysts predicting a 200 basis point cut in interest rates. This expected reduction…
The Monetary Policy Committee (MPC) of SBP will meet on Monday, December 16, 2024 to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through…
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing…
The total liquid foreign reserves held by the country stood at US$ 16,600.9 million as of 06-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
The State Bank of Pakistan (SBP) on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947…
The total liquid foreign reserves held by the country stood at US$ 16,620.0 million as of 29-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
The total liquid foreign reserves held by the country stood at US$ 16,076.2 million as of 22-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Result of SBP Open Market Operations (OMO) Injection – 29-11-2024 Result of SBP Open Market Operations (OMO) Injection – 29112024 Result of SBP Shariah Compliant (OMO)-Injection – 29-11-2024 Result of…
In order to facilitate the intending pilgrims to deposit Hajj applications along with dues for Hajj 2025, State Bank of Pakistan on the request of Ministry of Religious Affairs &…
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) through its centralized Supervision function, continues to maintain effective oversight of capital markets and regulated businesses. In a recent Commission meeting, a…
The total liquid foreign reserves held by the country stood at US$ 15,967.7 million as of 15-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
The SBP has given License to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer e-money…
The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, across Pakistan through its 16 field offices. The key event will be held at…
The total liquid foreign reserves held by the country stood at US$ 15,965.5 million as of 08-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
The total liquid foreign reserves held by the country stood at US$ 15,931.8 million as of 01-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee…