Tag: SBP

Cotton prices soar on strong demand

PAR Jun 13, 2018 0

Official spot rate and seed cotton prices went up sharply on the cotton market on Monday in the process of modest trading activity, dealers said. The...

Lean business on cotton market

PAR May 28, 2018 0

Subdued business was seen on the cotton market on Saturday in process of trading, dealers said. The official spot rate was unchanged at Rs 7,500, they...

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...