• As dollar hits all-time high at Rs171, central bank places new curbs from Oct 22 • FIA grills owner of major exchange company
State Bank of Pakistan
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Latest UpdatesNational
Panama Papers: Shaukat tarin defends his offshore companies saying he got permission from State Bank
In Twitter message, Shaukat Tarin clarified that M E Developers LLC of Tariq bin Laden wanted to invest in Silkbank in 2014. He said he got approval from the State …
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Interestingly, the import of road motor vehicles in financial year 2020-21 has almost doubled, to $2.142 billion in comparison with $1.276 billion imports in 2012-20.
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EconomyLatest Updates
“Working With Pak Authorities”, IMF rep Tells TTI, IMF talks on Oct 4 for release of $1b tranche
by Umar Sohailby Umar SohailSuccessful negotiations would facilitate immediate disbursements of $1b by the global money lender
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EconomyLatest Updates
Car financing in Pakistan soars to record high in August
by Umar Sohailby Umar SohailCar loans hit record high of Rs326 billion in August August figure for car loans depicted a 46.8% year-on-year jump
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The interest rate is a tool available with the central bank to control inflation, regulate unnecessary rupee movement and give a direction to the national economy.
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EconomyLatest Updates
Dollar touches new all-time high at Rs169.6, breaks previous day’s record
by Umar Sohailby Umar SohailThe US Dollar on Wednesday continued its surge against the rupee as it created a new high for the second straight day, rising to Rs169.6 in the interbank market at …
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EconomyLatest Updates
NADRA starts contactless biometric verification facility for banking industry
by Umar Sohailby Umar SohailNADRA launches contactless biometric verification services for banking. Service initially extended to five banks nominated by SBP for a pilot run. Early adoption of this new technology will extend “great …
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KARACHI: Uncertainty continued in exchange rate markets on Thursday where buyers and sellers were found asking each other about the limit of appreciation of the US dollar, which has risen …
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ISLAMABAD: To facilitate buyers of under construction housing units in obtaining housing finance, State Bank of Pakistan has issued guidelines for banks and DFIs that allow them to extend loans …