ISLAMABAD: The tax amnesty scheme has made mandatory to show deposit slip of banks for availing asset declaration scheme in order to avoid paying of future tax liabilities at much less rates. For declaration of real estate assets, the government has hiked the evaluation rate of property to the tune...
Weakness prevailed on the money market during the week ended on 11 May, 2019. The rupee did not move any side in relation to the dollar for buying and selling at Rs 141.39 and Rs 141.40. INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee dropped Re one versus the dollar for buying...
Declining trend was seen on the money market on Thursday as the rupee failed to keep firm trend versus the dollar in process of trading activity, dealers said. The rupee shed its value against the dollar for buying and selling at Rs 141.39 and Rs 141.40 respectively, they said. INTER-BANK...
KARACHI: Insurance is less prevalent in developing countries where insurance companies can play a vital role as governments are not so active in health, education and other necessary fields. Growing digitalisation is expected to pave the way for increase in penetration by the insurance industry in Pakistan. “The country’s general insurance penetration,...
The rupee managed to gain against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee picked up 15 paisas versus the dollar for buying at Rs 141.25 and it also rose by 10 paisas for selling at Rs 141.30, they...
The rupee managed to hold present levels against the dollar during the week, ended on April 27, 2019. INTER-BANK MARKET RATES: The rupee did not show any variation in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40. OPEN MARKET RATES: The rupee was almost unchanged...
KARACHI: The State Bank of Pakistan (SBP) on Thursday launched refinance and credit guarantee scheme to support women entrepreneurs across the country, in efforts to revive economic activity and improve access to financing facilities to small businesswomen. “In order to encourage SME (small and medium enterprises) financing to women entrepreneurs...
KARACHI: In an effort to give a much-needed boost to exports, the State Bank of Pakistan (SBP) has raised the maximum limit of cheaper financing for the import and purchase of plant and machinery by 66.6% to Rs2.5 billion for each export-oriented project. “With a view to further promoting investment in...
Modest recovery was witnessed on the money market on Monday as the rupee improved versus the dollar in the process of trading activity, dealers said. INTER-BANK MARKET RATES: The rupee did not budge any side in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40 respectively,...
The rupee showed mixed trend against the dollar on the money market during the week, ended on April 20, 2019. The rupee held the present levels in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40. INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee dropped by...

Opinion

crisis bank financing

Financing of external payments

The outstanding external debt of Pakistan crossed the century mark early this year. It stands as of the end of March 2019 at $105.8...