Banks to remain open on Saturday, Sunday for tax collection
The State Bank of Pakistan directed all banks to keep their branches open on Saturday and Sunday for collection of taxes, duties and other government receipts.
Adil Aziz
SBP releases annual report of 2022-23
The fiscal year 2023 was extraordinarily challenging, with a host of external and domestic shocks, amplified by lingering structural weaknesses, contributing to persistently high inflation amid a contraction in economic activities, according to Governor’s Annual Report (GAR) for fiscal year 2022- 23 released by the State Bank of Pakistan (SBP) today.
Editor
Pakistan’s foreign reserves touch by $ 12.855 Billion
The total liquid foreign reserves of Pakistan increased to US$ 12,855.7 million while the reserves held by the central bank reached at $ 7,757.1 million in the week ended on December 22, 2023.
IPO, PITB join hands for automation, digitization of IPO-Pakistan
The Intellectual Property Organization (IPO) and Punjab Information Technology Board joined hands and signed a Memorandum of Understanding (MoU) for the digitization and automation of IPO- Pakistan.
State Bank reserves decreased by $ 136 million to $ 6,904.8 million
The total liquid foreign reserves of Pakistan stood at US$ 12,068.4 million while the reserves held by the central bank reached $ 6,904.8 million in the week ended on December 15, 2023.
EXIM Bank to providing financial services for exporters and importers
Caretaker Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar formally launched the Pakistan’s Export-Import Bank (EXIM), marking a significant stride towards fortifying external trade, attracting investments and propelling broader economic growth in the country.
State Bank declared public holiday on Dec 25
The State Bank of Pakistan, announced public holiday on December 25 on the occasion of Quaid-e-Azam Day and Christmas.
Current Account Deficit declines to $1.6Billion in 5 months: SBP
The Current Account Deficit (CAD) has significantly slid down to $1.16 billion during the first five months of current fiscal year as compared to the deficit of $3.26 billion during the same period of last year, State Bank of Pakistan reported.
SECP’s ‘International InsureImpact Conference 2023’ concludes
The Securities and Exchange Commission of Pakistan hosted the International InsureImpact Conference 2023 on December 13-14. On the conference’s second day, prominent experts and professionals from the insurance and financial sectors discussed crucial issues within the insurance industry to outline a strategic roadmap for the future trajectory of the country’s insurance sector.
Mehfooz
SECP to unveil 5-year strategic plan in InsureImpact Conference
The Securities and Exchange Commission of Pakistan will be hosting the International InsureImpact Conference 2023 in Karachi on December 13 and 14, 2023. The broad theme underpinning the conference is “Journey to an Insured Pakistan.” The Federal Minister of Finance and Revenue, Dr. Shamshad Akhtar, will kick off the two-day conference.