Tag: SBP

Foreign Direct Investment increases by 4.4 percent through CPEC

PAR Apr 18, 2018 0

Foreign Direct Investment (FDI) amounted to almost $2.1 billion, up 4.4 per cent or $89.1 million from a year ago in the first nine months of 2017-18....

Rupee nosedives to 118 against mighty dollar amid economic strains

PAR Mar 21, 2018 0

LAHORE: The rupee Tuesday depreciated Rs7.40 against the US dollar ($) after opening at Rs114.00 in ready session, and went as high as Rs118.00 in the...

92,000 Foreigners Have Visited Pakistan Since Launch Of CPEC

PAR Mar 5, 2018 0

ISLAMABAD: Since the start of ground work on the China-Pakistan Economic Corridor (CPEC), the flagship multi-billion dollar project of “One Belt and O...

CPEC vital for physical integration of Pakistan

PAR Feb 2, 2018 0

KARACHI: The China-Pakistan Economic Corridor (CPEC) is a very important project for the physical integration of Pakistan, University of Oxford Profes...

Pakistan Attracts Chinese Industries

PAR Jan 22, 2018 0

KARACHI: Pakistan could see an industrialisation wave in the coming months through the addition of production and manufacturing units including mobile...

Banks need to modify business models to capitalise on CPEC: SBP

PAR Dec 13, 2017 0

KARACHI: In order to deliver better performance, banks need to calibrate the changing macroeconomic environment in their business models to capitalize...

PHMEA demands clearance of duty drawback claims

PAR Nov 16, 2017 0

Central Chairman Pakistan Hosiery Manufacturers and Exporters Association Dr Khurram Anwar Khawaja has said that the value-added textile industry is f...

Bank of China's 1st branch launched in Pakistan

PAR Nov 8, 2017 0

Bank of China has formally launched its operations in Pakistan, with its first branch inaugurated in Karachi on Tuesday. Bank of China Chairman Chen...

PM’s package: government releases Rs 14 billion for phase-I

PAR Nov 6, 2017 0

The government has released Rs 14 billion for the implementation of phase-I of the Prime Minister's Export Incentives Package against the exporters' c...

Rice Traders Who Failed to Meet Export Quota Get 6 Month Extension

PAR Sep 11, 2017 0

According to the circular, SBP provided up to 6 months relaxation to rice exporters under some terms and conditions. Relaxations of performance criter...

SBP Targets 4.27 Million Farmers with its Agri Credit Outreach Program

par Aug 28, 2017 0

The State Bank of Pakistan (SBP) has enhanced the credit outreach target to farmers by one million to 4.27 million in the current financial year 2017-...

Secretary textile assures exporters of resolving issues

par Jul 28, 2017 0

Secretary Textile Hasan Iqbal has said that Prime Minister Export Package was announced after deliberation with all stakeholders and associations and...

Banks disburse agri credit of Rs704.5bn in FY 2016-17: SBP

par Jul 27, 2017 0

KARACHI: The banks disbursed agricultural credit of Rs 704.5 billion in the fiscal year (FY) 2016-17.A State bank of Pakistan (SBP) statement here on...

Current account deficit widens 148pc to $12.098bln in FY17

PAR Jul 20, 2017 0

KARACHI: The country’s current account deficit hit 4 percent of GDP for the last fiscal year, surpassing the annual targets of the government, State B...

Customs Intelligence seizes 106 containers of 585m-meter Indian cloth

par May 9, 2017 0

LAHORE: Pakistan Customs’ intelligence wing has seized huge quantity of smuggled Indian grey cloth en route from India to Lahore via Dubai. Directora...