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Election day: banks to remain closed on February 8 - Pakistan

Banks in Pakistan will remain closed on Thursday, February 8 on account of it being election day, the State Bank of.

Constitution election commission of pakistanElection commission of pakistanState bankElection commissionGeneral electionElections in 2018General elections in pakistanPakistan elections 2024February 8General election 2024Elections 2024General elections 2024Pakistan elections2024 general electionsEelections in pakistanGeneral elections

Forex reserves decline $79m - Business & Finance

KARACHI: The country’s total liquid foreign reserves fell by $79 million during the last week. According to State.

State bankBusiness recorderDebt repaymentsPakistan forex reservesSbp reservesForex reserves

Fiscal house needs repairs - Editorials - Business Recorder

EDITORIAL: The fiscal summary is a mixed bag in 1HFY24 (first six months of fiscal year 2023-24) as the government.

International monetary fundState bankPakistan investment bondsState owned enterprisesBusiness recorderImf and pakistanTax revenues

Budgetary requirements: Ijara Sukuk funding to help govt save Rs32bn per year

KARACHI: The federal government will save approximately Rs 32 billion annually by raising funds through the Ijara.

Ijarah sukukIjara sukukSukuk fundMarket treasury billsPakistan investment bondsBusiness recorderSukuk exchange traded fundState bankIslamic banksMinimum deposit rateNational exchequerFederal governmentMinistry of finance

ADs allowed to make import advance payments without prior SBP approval

KARACHI: The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make import advance payments,.

Foreign exchange manualForeign exchange adjudication departmentForeign exchange regulations actState bankAuthorised dealersTrade based money launderingGoods declarationBusiness recorderImport advance paymentsLetters of credit

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