Tag: SBP

Pakistan asked for more action against money laundering, terrorists financing

ISLAMABAD: The Financial Action Task Force (FATF) Asia Pacific Group has demanded more action from Pakistan to put an end to money laundering and...

Country’s FDI dips by 42% to $439.5m in July-Sept 2018

Total foreign investment declines by 60.1% to $254.3m KARACHI:  Direct Investment (DI) of the country declined by 42 per cent ($325.7m) in the first quarter...

PM’s idea to build 5m houses seems impossible without private sector

--Govt should provide land and tax incentives to builders --After Ashiana Housing Scheme in Punjab, most of the builders refuse to work with govt When ancient...

Remittances climb up by 13% to $5.4bm in July-Sept 2018-19

Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19 KARACHI: The...

PKR-US$ Exchange Rate Depreciates in the Interbank Market

Staff Reporter KARACHI: The State Bank of Pakistan (SBP) said that exchange rate in the interbank market closed at Rs 133.64 to US dollar against...