Wednesday, July 28, 2021

SBP

SBP releases second quarterly report on Pakistan’s economy for FY21

State Bank of Pakistan released its Second Quarterly Report on The State of Pakistan’s Economy for the fiscal year 2020-21 on Thursday. The report highlights the strengthening of the economic recovery during the second quarter of the fiscal year. This...

APF appoints Saleem Ahmad, Chairman NIC LUMS, to its BoD

American Pakistan Foundation (APF) has announced the appointment of Saleem Ahmad, Chairman, National Incubation Center Lahore (NICL), LUMS to its board of directors. With this appointment, APF hopes to foster stronger ties with Pakistan’s entrepreneurial ecosystem and serve as...

SBP keeps interest rate unchanged at 7 percent

Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to maintain the policy rate at 7 percent. Since its last meeting in March, the MPC was encouraged by the further upward revision in the FY21 growth forecast...

KU holds webinar on Autonomy of SBP

Autonomy of State Bank of Pakistan (SBP) would be beneficial for the economy., as developed countries have independent central banks.These were the views of famous economists and research fellow of Sustainable Development Policy Institute (SDPI) Dr.Sajid Amin Javed on...

Imran Khan lauds SBP, Overseas Pakistani’s support as RDA crosses US 1 bln mark

Prime Minister Imran Khan paid rich tribute to Overseas Pakistanis for their overwhelming response to the Roshan Digital Account (RDA). He said their support and vote of confidence have been pivotal in making the initiative a big success within...

Governor SBP Dr Reza Baqir appointed as Deputy Chairman IFSB

The Islamic Financial Services Board (IFSB) Council in its 37th meeting, held on 10th December 2020, appointed Governor State Bank of Pakistan, Dr. Reza Baqir, as the Deputy Chairman of the Council for the year 2021. IFSB Council is the...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify a way forward to ensure sustainable market-led...

IMF Staff Concludes Visit to Pakistan

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019 to take stock of economic developments since the start of the Extended Fund Facility (EFF) and discuss progress in the...

Mian Zahid: Loans from IMF, friendly countries aided economy withstand shocks

Former minister Mian Zahid Hussian said that the Loans from IMF, friendly countries helped economy withstand shocks. President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI...

Food security a serious threat to masses, economy: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said Pakistan is facing a serious food security...
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Microsoft bags another record breaking year with $60 billion in annual earnings

Microsoft Corp. finished yet another record-breaking year with more than $60 billion in profit and $165 billion in sales,...
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