Pakistan
Pakistan's exchanges re-open
PAKISTAN - Pakistan's stock markets fell steeply when they resumed trading on Monday 24 September after being closed for a week.
New deputy governor at Pakistan's central bank
PAKISTAN - Mr. Tawfiq A. Husain today, 20 September, assumed the charge of the office of Deputy Governor, State Bank of Pakistan. He replaces Mr. Mukhtar Nabi Qureshi who retired from the post after completing his term.
Pakistan exchanges stay closed
PAKISTAN - Financial market regulators in Pakistan have announced that the country's three stock exchanges will remain closed until next week.
Pakistan c bank assures liquidity to money market
PAKISTAN - State Bank of Pakistan, the country's central bank, will keep the money market liquid to alleviate any outflows from a treasury-bill auction today, Wednesday, and nervousness from events in Afghanistan, a senior official said Wednesday 19…
Pakistan to issue Islamic bank licences
PAKISTAN - Pakistan's military government is to issue licences for new Islamic banks, the first time that new banking licences would be issued in a decade, according to Shaukat Aziz, finance minister.
Pakistan savers' money at risk
PAKISTAN - About 90,000 savers in Pakistan can't get at their money temporarily as the central bank examines a merger in the sector.
Pakistan forex reserves up $30 mln to $3.289 bln
PAKISTAN - Pakistan's central bank said on 23 August total liquid foreign exchange reserves were $3.289 billion as of 18 August, up by some 30 million dollars from the previous week's $3.259 billion.
Speech by Governor of the State Bank of Pakistan
SPEECH - Address by Dr Ishrat Husain, Governor of the State Bank of Pakistan, at Mahbul Haq memorial seminar held on 16 July at Islamabad on Pakistan's development challenges.
Speech by Governor of the State Bank of Pakistan
SPEECH - Remarks made by Dr Ishrat Husain, Governor of the State Bank of Pakistan, as a panelist at the Seminar on Conditionality and Ownership organized by the IMF, World Bank and Commonwealth Secretariat at London on 23-24 July.
Pakistan to auction T-bills worth one bln rupees
PAKISTAN - Pakistan's central bank will auction one billion rupees ($15.62 million) worth of three-, six-and 12-month treasury bills from 10 July, the State Bank of Pakistan said. Tender results will be announced on 11 July.
Pakistan not ready for Islamic banking deadline
PAKISTAN - Pakistan is not ready to meet a 1 July supreme court deadline to implement interest-free Islamic banking and its financial institutions are likely to request more time to make the change, officials said on 7 June.
Pakistan c.bank allows all banks to deal in forex
PAKISTAN - Pakistan's central bank on Apr 18 allowed all bank branches to buy and sell foreign currency from the general public.
Pakistan cbank announce measures to boost reserves
PAKISTAN - Pakistan's central bank on Mar 31, 2001 announced measures to boost its foreign exchange reserves, a day after the International Monetary Fund released fresh money under a standby credit agreement.
Pakistan cbank concerned Afghans using rupee-FT
PAKISTAN - A sharp rise in the amount of Pakistani rupee in circulation has prompted Pakistan's central bank to begin an inquiry into the increasing use of the currency in neighboring Afghanistan, senior bank officials said on Mar 28, 2001, according to…
Pakistan cuts GDP forecast to below four percent
Pakistan's central bank on Feb 26, 2001 slashed its economic growth target for the second time in four months, because of slower growth in agriculture, high oil prices and the falling rupee.
Pakistan says Islamic banking won't hit accords
Military ruler General Pervez Musharraf said on Feb. 12, 2001 that Pakistan's plans to introduce interest-free Islamic banking would not affect the country's international financial dealings and accords.A government statement quoted him as giving the…
IMF reviews Pakistan performance for standby loan
Pakistan began talks with an International Monetary Fund mission on Feb. 8, 2001 keen to convince it that a revenue shortfall should not prevent payment of a second tranche of a standby loan, officials and analysts said. Analysts said the mission, led by…
Pakistan central bank raises paid-up capital limit
Pakistan's central bank has increased the paid-up capital requirement for investment banks to 500 million rupees from 200 million rupees, a central bank spokesman said on Feb 1. But he said the State Bank of Pakistan has given a two-year period to…
Pakistan moves to ease banks' liquidity crisis
Pakistan's central bank on Dec 22 asked commercial banks to buy government securities against swap dollar deposits in an attempt to ease a liquidity crisis and meet a key donor condition, bankers said.
Pakistan cbank says govt must meet IMF terms
Pakistan's central bank warned the government on Monday that it must strictly implement tough conditions set under an International Monetary Fund loan programme to avert a balance of payment crisis.
Economic indicators are positive - Pakistan cbank
Vital economic indicators have shown positive development during the first quarter (July-September) of the 2000-2001 fiscal year, Pakistan's central bank said Monday.
Pakistan banks told to double capital base by 2003
Pakistan has told banks to double their minimum paid-up capital to one billion rupees ($17.2 million) by the start of 2003.
Pakistan cenbank appoints seven primary dealers
Pakistan's central bank on Monday appointed seven banks as primary money market dealers for the government securities, five months after it announced plans for the new system.