May-July: govt intends to borrow record Rs9.4trn
In order to meet its increasing financial requirements, a cash-strapped government plans to borrow a record amount of Rs 9.4 ...
Tag: commercial banks
SBP directs commercial banks to open accounts of mosques
State Bank of Pakistan (SBP) wrote letters to heads of commercial banks on Thursday directing them to open accounts for ...
Govt will not take over commercial banks’ dollars, clarifies Dar
Ishaq Dar, the finance minister, emphasized on Wednesday that the government will not take over foreign currency held by commercial ...
Govt Borrows Billions from Commercial Banks for Expenditure
The federal government has borrowed heavily from commercial banks in a bid to meet the expenditure. According to details, the ...
SBP reserves hit a three-year low of $7.59bn
The rupee also edged lower for a second day as the central bank's foreign exchange reserves dropped by $303 million ...
SBP directs banks to raise awareness about PM’s Relief Fund
All commercial banks and microfinance institutions are under orders from the State Bank of Pakistan to inform potential donors about ...
Pakistani Commercial Banks have Refused to open LCs for Russian-origin crude oil
Banks say payment in dollars not possible against import of Russian oil.Commercial banks cite Russia-Ukraine war reason for not opening ...
KSE-100 index gains 588 points as shares rise at PSX
On Wednesday, shares at the Pakistan stock exchange were on rise since the beginning, with the benchmark KSE-100 index up ...