Pakistan
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
Pakistan law to check money laundering soon
PAKISTAN - The government has started working on an anti-money laundering law to check the inflow of suspicious transactions in the country's banking system.
President Pervez to visit State Bank Pakistan
PAKISTAN - President Pervez Musharraf will visit the State Bank of Pakistan on 9 March for a briefing on the economic situation, sources said on Friday.
Pakistan's central bank governor doing 'fine'
PAKISTAN - Following on from a heart attack scare recently we learn that Dr Ishrat Husain is now doing fine.
Pakistan central bank chief suffers heart attack
PAKISTAN - Dr Ishrat Hussain, Governor of the State Bank of Pakistan, suffered a heart attack last Wednesday.
Speech by Governor of the State Bank of Pakistan
SPEECH - In his speech Ishrat Hussain said that a full-fledged 'Islamic' bank would shortly start functioning in Pakistan to switch over to interest-free banking in the country as per the verdict of the Supreme Court of Pakistan.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech by Ishrat Hussain he said that the economic policy makers have identified SME as one of the priority drivers of economic growth and employment in the country.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech Ishrat Hussain said there are so many challenges ahead and "we have a lot more to do, and as events unfold in 2002, I'm sure the President and the elected government will make decisions that best suits Pakistan.
Pakistan to establish forex reserves system
PAKISTAN - The State Bank of Pakistan (SBP) is putting in place a forex reserves management system (FRMS) in order to earn maximum return for the country.
Urdu version of Pakistan Governor's book launched
PAKISTAN - Translated edition of the book, "Pakistan-The Economy of an Elitist State", written by the Governor State Bank of Pakistan, Dr Ishrat Hussain, was formally inaugurated on Friday at a local hotel.
Pakistan central bank governor announces new plan
PAKISTAN - As of 1 July, 2002, all non-banking financial services in Pakistan, such as investment and corporate advisory service; leasing, housing finance and venture capital companies and discount houses, will be regulated by the Securities and Exchange…
Pakistan wins official debt deal
PAKISTAN - Pakistan yesterday secured an unprecedented debt restructuring deal from the Paris Club of official creditors in recognition of its economic reforms and its role in the war in Afghanistan.
Pakistan forex reserves $4.456B 8 Dec
PAKISTAN - Pakistan's foreign exchange reserves rose to US$4.456 billion 8 December, compared with $4.404 billion 1 December, the central bank said Thursday.
Pakistan's For Ex reserves up US$85.3m
PAKISTAN - The foreign exchange reserves of Pakistan have registered an increase of US$85.3 million over the previous week.
Pakistan 'set for parallel bank system'
PAKISTAN - Pakistan's central bank yesterday issued a fresh set of requirements for commercial banks intending to provide Islamic banking services, in a step to comply with an order from the country's Supreme Court seeking a conversion to Islamic banking…
State Bank of Pakistan lifts foreign ex quotas
PAKISTAN - Pakistanis travelling abroad are now free to buy as much foreign exchange as required at the interbank exchange rate.
Pakistan's foreign exchange reserves rise
PAKISTAN - Pakistan's liquid foreign reserves rose to $3,433.9 million on 20 October from $3,351.3 million a week earlier, according to the State Bank of Pakistan.
Japan toughens stance on Pakistan debt
JAPAN - Japan has said it is unlikely to ease Pakistan's debt burden any further unless the Islamabad government agrees to ban nuclear weapons tests.
Pakistan seeks landmark deal on debt rescheduling
PAKISTAN - Pakistan is seeking an unprecedented debt rescheduling agreement with the Paris Club of sovereign creditors, which would extend help on terms usually reserved for much poorer countries.
Pakistan central bank injects liquidity
PAKISTAN - State Bank of Pakistan said Wednesday 10 October it has injected PKR6.7 billion into the money market through one-week repurchase agreements to ease the liquidity situation.
Pakistan money-laundering clampdown
PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.
Pakistan buying dollars to bolster reserves
PAKISTAN - Taking advantage of the sharp drop in the U.S. dollar against the rupee, Pakistan's central bank has been buying the U.S. unit from the interbank market to bolster its foreign exchange reserves, a source said on Wednesday.
Japan eases Pakistan debt burden
PAKISTAN - Pakistan is to get over half a billion dollars in debt rescheduled by Japan, in recognition of its move to back the global "fight against terrorism".
Pakistan wins IMF cash
PAKISTAN - The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states.