Pakistan
Pakistan to introduce new money laundering law
PAKISTAN - Pakistan's military government of General Pervez Musharraf is set to introduce a comprehensive anti money laundering law before next month's elections mark a return to civilian rule, the central bank governor said on Wednesday.
Sharp growth in Pakistan surplus
PAKISTAN - Pakistan's current account surplus in the past financial year (July-June) soared to a record $2.74bn (€2.79bn, £1.77bn), up from $326m the year before, officials at the central bank in Karachi said Monday.
State Bank of Pakistan - Annual Report 2000-2001
ANNUAL REPORT - The State Bank of Pakistan has published its Annual Report for the year ended 2000-2001.
Pakistan State Bank directs banks to set up ATM's
PAKISTAN - State Bank of Pakistan has directed all the domestic banks either to establish at least two auto-cash telling machine (ATMs) or join the existing Switch Network to ensure payment of salaries to government employees through ATM system.
Increase in money returned by Pakistani's abroad
PAKISTAN - Remittances from Pakistanis living overseas more than doubled in the financial year that ended last month - their most robust growth for years, the State Bank of Pakistan said on Thursday.
Pakistan tightens up rules on terror money
PAKISTAN - Pakistan is to announce new rules on Monday for tighter regulation of foreign currency dealers in an attempt to curb money laundering.
Anti-money laundering rules in Pakistan
PAKISTAN - The State Bank of Pakistan (SBP) has made it mandatory for banks and financial institutions to enforce 'Know Your Customer' (KYC) rules to counter the threat of money laundering, official sources in the central bank said on Tuesday.
Islamic banking conference hailed a great success
PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of…
Gold price rises on war fears
INDIA - Fears of a military conflict between India and Pakistan pushed the price of gold to a 27-month high in trading on Wednesday.
Market-based monetary management in Pakistan
ARTICLE - In the late 1980s the developing countries were attracted to the growing importance of International Monetary Fund's Stabilisation Programme and the World Bank's Structural Financial Adjustment Programme to carry out the desired market-oriented…
Speech by Governor, State Bank of Pakistan, 2 Mar
SPEECH - Dr Ishrat Hussain, Governor of State Bank, delivered his keynote address at the 51st annual general meeting and prize award ceremony of the Institute of Bankers Pakistan. The address was titled 'Strategy for External Debt Management 1999 - 2004'.
Pakistan work to establish modern financial system
FEATURE - As Afghanistan rebuilds, industrialized nations around the world are paying close attention to attempts by neighboring Pakistan to modernize its financial system, reports Nikkei Weekly.
Pakistan sees cash inflow
PAKISTAN - Pakistan's struggling economy enjoyed a significant surge of foreign currency late last year as expatriate workers sent money home from abroad.
Pakistan's for ex reserves rise to US$ 5.1bn
PAKISTAN - Pakistan's total liquid foreign reserves registered an increase of US$ 40.7 million to $5.10 billion in March as compared to $5.06 billion on 23 February.
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.