Govt decides to withdraw arrestment powers on concealment of Income
June 22, 2021
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The rupee continued to weaken against the US dollar at Rs155.78 in the inter-bank market on Tuesday compared with closing at Monday’s at Rs155.3, revealed by the State Bank of Pakistan (SBP). Earlier, the SBP…
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Bitcoin fell to a three-month low on Monday that saw investors selling and buying the digital currency. This happened after Tesla boss Elon Musk tweeted about the carmaker’s bitcoin holdings. Bitcoin fell to as low…
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According to a notification issued by the finance ministry, the new profit rates that will effective from the 7th of May. The revised profit rates on Regular Income Certificates reduced to 9.24 percent from 9.36 percent.…
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The State Bank of Pakistan (SBP) announced that it will not issue new currency notes on Edi ul Fitr this year due to the coronavirus pandemic. “Like last year, we will not be issuing new…
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State Bank of Pakistan launched a third five-year Islamic Banking plan (for the period from 2021 to 2025). It will help Islamic banks in enhancing their network nationwide. Advised to increase online banking and “capitalise…
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Pakistani rupee has become the world’s best performing currency. Rupee appreciated the most against the US dollar in the last three months ended March 31, 2021. The rupee strengthened on the back of excessive inflows…
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The government has the right to review the International Monetary Fund (IMF) program and is open to the State Bank of Pakistan (SBP) for recommendations to improve the sovereignty bill, new Finance Minister Hammad Azhar…
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Annual Audited Financial Statements of Soneri Bank Limited for the year ended 31st December, 2020, were approved by the Bank’s shareholders on Friday, 26th March, 2021, at its 29th AGM in Lahore and Karachi by…
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The State Bank of Pakistan has announced a new monetary policy and decided to maintain interest rates at 7%. The monetary policy statement issued by the SBP said that the interest rate has been maintained…
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Habib Bank Limited (HBL) is at the forefront of failing to satisfy customers with its services as most complaints against the bank were lodged in the Wafaqi Mohtasib (Ombudsman) Pakistan (Federal Ombudsman (Pakistan)). The annual…
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