Tag: SBP

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...

SBP to focus on agriculture financing, SMEs

par Jul 20, 2017 0

KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa has said agriculture financing and facilitating small and medium enterprises (SMEs) will be...

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...

Textile sector: Ministry releases Rs one billion to SBP for duty drawbacks

PAR Apr 22, 2017 0

The Finance Ministry has released Rs 1 billion to the State Bank of Pakistan (SBP) for duty drawbacks on local taxes collected from garments, home tex...

Export of Sugar - EPD Circular Letter No. 10 of 2017

PAR Apr 10, 2017 0

Authorized Dealers (ADs) may find enclosed Ministry of Commerce’s Office Memorandum No. 7(2)/2012-Exp.III dated March 30, 2017 regarding the above sub...

Government made Rs 13.163 billion payment against fertilizer cash subsidy: Senate informed

PAR Mar 16, 2017 0

The Senate was informed on Wednesday that the government made payment of Rs 13.163 billion against announced fertilizer cash subsidy. During the quest...

SBP looking into NADRA-MasterCard agreement over concerns of possible breach of security of national database

PAR Jan 26, 2017 0

The State Bank of Pakistan (SBP) has decided to look into a newly signed agreement between MasterCard – an online payment processing company and Natio...

DAP import suspended by fertilizer importers

PAR Jan 24, 2017 0

The fertilizer importers have announced to suspend import of DAP due to non-payment of over Rs 5 billion subsidy by the federal government. Industry s...

Urea export allowed by ECC

PAR Jan 24, 2017 0

The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.3 million tons of urea and decided to continue a Rs 200 subsidy o...

Pakistan Stock Exchange, Chinese Consortium Sign Formal Equity Share Purchase Agreement

PAR Jan 21, 2017 0

Federal Finance Minister Senator Mohammad Ishaq Dar Friday witnessed the signing of share purchase agreement of Pakistan Stock Exchange’s (PSX) equity...

First-come-first-served rule for surplus sugar export: SBP

PAR Jan 20, 2017 0

The State Bank of Pakistan (SBP) said on Thursday that export quota to sugar mills would be allocated on first-come-first-served basis and only surplu...