The State Bank of Pakistan (SBP) on Friday directed commercial banks to pay minimum profit rate of 6.0% per annum on all rupee saving deposits on average monthly balances with effect from April 01, 2013. This rate of profit ...

Pakistan's economy witnessed a modest improvement in the fiscal year 2011-12 (FY12), as real GDP grew by 3.7 percent during the year under review compared with 3.0 percent in FY11, the annual report issued by the central bank said Wednesday. [caption id="attachment_28982" align="alignnone" width="566"]...

In a sudden move, the central bank has issued fresh instructions to financial institutions to maintain strict vigilance over non-governmental organisations (NGOs) and charities – and ordered that a complete review of all such organisations’ accounts be undertaken and completed before the end of this financial year....

The State Bank of Pakistan (SBP) has directed all commercial banks and the field offices of SBP Banking Services Corporation (SBP BSC) operating throughout the country to exchange Rs 500 old design banknote with immediate effect....

Pakistan’s foreign exchange reserves are at record highs, the current account deficit is lower than its usual levels and exports are growing at a rapid clip. Yet the Pakistani rupee seems to be ignoring all of these relevant indicators as it continues its relentless plunge. So anomalous is ...

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The rupee fell to a new low on Friday on negative sentiment surrounding the country’s economic outlook, following the deteriorating security situation in the country’s commercial hub Karachi. The rupee closed at 86.85/90 to the dollar—its ...

Pretty soon, at least in Pakistan, you won’t be able to hear the jingle of money, at least figuratively speaking. After remaining in circulation for 50 years, decimal coins will soon be seen only in museums by ...

Pakistan’s inflation outlook is a cause for concern while increasing the tax base is the toughest structural reform to implement, State Bank of Pakistan said in its quarterly report on Friday....

State Bank of Pakistan Pakistan’s central bank decided to leave its key policy rate unchanged at 14 percent for the subsequent two ...