SBP releases Annual Report on The State of Pakistan’s Economy 28-10-2019

SBP releases Annual Report on The State of Pakistan’s Economy 28-10-2019

State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in...

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Banking Sector remains resilient during H1CY19

Banking Sector remains resilient during H1CY19

  State Bank of Pakistan has issued the Mid-Year Performance Review (MPR) of the Banking Sector for the calendar year 2019 (CY19). The review comprehensively covers the performance and soundness of the banking sector. According to the review, the performance of the banking sector remained satisfactory, despite challenging macroeconomic environment....

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Pakistan to remain on Grey List till Feb 2020: FATF President

Pakistan to remain on Grey List till Feb 2020: FATF President

Financial Action Task Force (FATF) President Xiangmin Liu, while expressing satisfaction over steps against terrorism and corruption, has on Friday announced that Pakistan will remain on its Grey List till February 2020. The decision was taken after a five-day plenary of the FATF. The intergovernmental organization has urged Pakistan to...

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PM Imran launches Kamyab Jawan Programme

PM Imran launches Kamyab Jawan Programme

ISLAMABAD: Prime Minister Imran Khan on Thursday launched “Kamyab Jawan Programme” for welfare of youth across the country. Addressing a ceremony in Islamabad on Thursday, he said that the most significant aspect of this programme is merit, adding that only those nations progress which acted upon merit. “Muslims have ruled...

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Daraz hires 3,000 DEX Heroes to prepare for Gyara Gyara 2019

Daraz hires 3,000 DEX Heroes to prepare for Gyara Gyara 2019

Lahore, October 16th, 2019: Daraz, the leading online marketplace, is gearing up for the upcoming Gyara Gyara sale and has hired 3,000 more DEX heroes (delivery riders) to ensure swift management of the millions of orders the platform expects to receive during the sale event. As Daraz prepares for the sale,...

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Overseas Pakistanis remit US $5.4 billion in the first three months of FY20

Overseas Pakistanis remit US $5.4 billion in the first three months of FY20

Overseas Pakistani workers remitted US$ 5478.11 million in the first three months (July to September) of FY20, compared with US$ 5557.61 million received during the same period in the preceding year. During September 2019, the inflow of workers’ remittances amounted to US$ 1747.95 million, which is 3.4% higher than August...

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Economic reforms coming to fruition: SBP governor

Economic reforms coming to fruition: SBP governor

Addressing an interactive session with the members of Overseas Investors Chamber of Commerce and Industry (OICCI), the State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that economic reforms to counter macro-economic difficulties have started delivering results. The governor went on to say that macroeconomic stability would spur...

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Multiple MOUs signed between China and Pakistan: FM Qureshi

Multiple MOUs signed between China and Pakistan: FM Qureshi

On Wednesday, Foreign Minister of Pakistan Shah Mahmood Qureshi said that Pakistan had shared its assessment and feedback regarding Indian occupied Kashmir with the Chinese leadership The FM Qureshi said that a joint approach is adopted by Pakistan and China during a meeting of the Human Rights Council in Geneva....

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PTI government working to bring PayPal to Pakistan

PTI government working to bring PayPal to Pakistan

On Monday, a parliamentary panel was informed that the government will be introducing PayPal and similar online payment platforms in Pakistan. Briefing the Senate Standing Committee on Science and Technology, the Ministry of Science and Technology secretary said, “The policy related to PayPal is at the advanced stage and important...

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SBP consults stakeholders on the new National Payment Systems Strategy

SBP consults stakeholders on the new National Payment Systems Strategy

The State Bank of Pakistan (SBP) organized a workshop titled ‘Digital Payments Reforms’ in collaboration with the World Bank today at its headquarters in Karachi.  The objective of the workshop was to share the draft National Payment Systems Strategy and solicit the input of key stakeholders involved in its implementation....

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