State Bank-of-pakistan

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State Bank-of-pakistan - Total results - 22
Coronavirus Outbreak: IMF approves nearly $1.4 bn to Pakistan to meet balance of payment crisis
Business

Coronavirus Outbreak: IMF approves nearly $1.4 bn to Pakistan to meet balance of payment crisis

The IMF has approved the disbursement of $1.386 billion as a financial assistance to cash-strapped Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak

CPEC not burden, relations with China will never fray, says Pakistan; rejects notion of Beijing being sole beneficiary of project
World

CPEC not burden, relations with China will never fray, says Pakistan; rejects notion of Beijing being sole beneficiary of project

The CPEC is a multi-billion dollar development project, with a planned network of roads, railways and energy projects

'CPEC is not about aid': US urges Pakistan to ask China tough questions, warns it will take toll on local economy
World

'CPEC is not about aid': US urges Pakistan to ask China tough questions, warns it will take toll on local economy

The China Pakistan Economic Corridor (CPEC) is a planned network of roads, railways and energy projects linking China's resource-rich Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.

Debt-ridden Pakistan government hands free rein of Gwadar Port to China, country to army chief
World

Debt-ridden Pakistan government hands free rein of Gwadar Port to China, country to army chief

The State Bank of Pakistan's most recent quarterly report points out that the economy is in a classic debt trap, with more debt required to pay off the earlier loans taken

Pakistan accumulates record public debt of $47.5 billion within first year of Imran Khan-led government, say reports
World

Pakistan accumulates record public debt of $47.5 billion within first year of Imran Khan-led government, say reports

The Imran Khan-led Pakistani government has accumulated a record public debt of PKR 7,509 billion (47.5 billion dollars) during its first year in power, as per local media reports

FATF sets new targets for Pakistan to check terror financing, asks Islamabad to monitor sale of jewellery, prize bonds
World

FATF sets new targets for Pakistan to check terror financing, asks Islamabad to monitor sale of jewellery, prize bonds

The FATF last year placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terror-financing

US asks Islamabad to show progress in action against militant outfits; FATF says Pakistan failed to complete action plan on terror financing
World

US asks Islamabad to show progress in action against militant outfits; FATF says Pakistan failed to complete action plan on terror financing

The US has asked Pakistan to show some 'visible progress' in its action against the banned terror outfits. A US delegation was in Islamabad to have an independent assessment of steps, actions and measures identified during the Florida meetings.

Amid public discontent against inflation in Pakistan, Imran Khan orders roll back of roti, naan prices across country
World

Amid public discontent against inflation in Pakistan, Imran Khan orders roll back of roti, naan prices across country

The cash-strapped government of Prime Minister Imran Khan has decided to roll back the prices of naan and roti across Pakistan, media reports said on Wednesday.

Pakistan's IMF bailout to attract additional $38 billion from lenders, says Prime Minister's Advisor on Finance Abdul Hafeez Shaikh
World

Pakistan's IMF bailout to attract additional $38 billion from lenders, says Prime Minister's Advisor on Finance Abdul Hafeez Shaikh

The International Monetary Fund's (IMF) decision to provide a 6 billion dollars bailout package to Pakistan has improved the cash-strapped country's standing and it would attract 38 billion more from other lenders

Major security breach in Pakistan, data of almost all banks hacked, says Federal Investigation Agency
World

Major security breach in Pakistan, data of almost all banks hacked, says Federal Investigation Agency

The first case of a cyber attack on a Pakistan's bank was reported by Bank Islami on 27 October.

Pakistan govt auctions fleet of luxury cars as part of Prime Minister Imran Khan's austerity drive
World

Pakistan govt auctions fleet of luxury cars as part of Prime Minister Imran Khan's austerity drive

In his first address to the nation of Pakistan, Prime Minister Khan had emphasised on cutting government expenditure.

Pakistan submits action plan to choke funding of militant groups, avoid being blacklisted by FATF: Report
World

Pakistan submits action plan to choke funding of militant groups, avoid being blacklisted by FATF: Report

Currently placed on the FATF'S 'grey list', Pakistan is avoiding being added to a list of countries deemed non-compliant with anti-money laundering.

Pakistan nearly trades its economic sovereignty in currency swap arrangement with China
World

Pakistan nearly trades its economic sovereignty in currency swap arrangement with China

The currency was the last bastion of the Pakistani state that remained inviolate.

Donald Trump's tweet against Pakistan will 'strengthen close ties' with Beijing, Chinese daily says
World

Donald Trump's tweet against Pakistan will 'strengthen close ties' with Beijing, Chinese daily says

The daily said Washington's strategic shift towards New Delhi could also improve military cooperation between Islamabad and Beijing

Day after Donald Trump tirade, Pakistan cozies up to Beijing and allows use of Chinese Yuan for foreign currency transactions
World

Day after Donald Trump tirade, Pakistan cozies up to Beijing and allows use of Chinese Yuan for foreign currency transactions

With ties with the US running into an all-time low, Pakistan is fast cosying up to China as its charity from the US threatening to dry up after the intimidating Trump tweet.

Pakistan to allow rupee depreciation after talks with IMF; delegation expresses concerns over CPEC debts
World

Pakistan to allow rupee depreciation after talks with IMF; delegation expresses concerns over CPEC debts

Sources said the IMF had concerns over the health of Pakistan's external sector, but government authorities had a different opinion

Panama Papers verdict: Pakistani anti-corruption body seeks bank details of Nawaz Sharif and his family members
World

Panama Papers verdict: Pakistani anti-corruption body seeks bank details of Nawaz Sharif and his family members

Pakistan's top anti-corruption body has sought the details of bank accounts of ousted prime minister Nawaz Sharif and his family from the State Bank of Pakistan, according to a media report on Friday

State Bank of Pakistan to honour Edhi with special coin
World

State Bank of Pakistan to honour Edhi with special coin

Revered by many as a national hero, Abdul Sattar Edhi created a charitable empire out of nothing.

Shoaib Akhtar in line to be State Bank of Pakistan coach
Sports

Shoaib Akhtar in line to be State Bank of Pakistan coach

Leading Pakistan daily, the Dawn, has reported that the 38-year-old Akhtar has shown keen interest in the coach's role and is looking forward to the new assignment.

Pakistan for relaxing visa regime with India to boost business ties
Economy

Pakistan for relaxing visa regime with India to boost business ties

Pakistan on Thursday made a strong case for relaxing visa regime, improving mobile connectivity and facilitating banking relationship to boost trade and business between the two neighbours.