Pakistan News

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  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • State and non-state actors

    It is not just cross-border involvement but also the activities of banned outfits at home that raises questions about how much control the state really has within its own domain...

    Then there is also the question of whether or not we are really serious about getting rid of all violent non-state actors that have become a pervasive challenge to state authority...

  • RSS and BJP: Battling for India's 'soul', state by state

    An election in the volatile state of West Bengal has become a prime target in its game plan...

    Interviews with more than two dozen RSS and BJP officials and rare access to closed RSS meetings reveal a two-stage strategy — electoral victory at the national level, which has been achieved in the lower house of parliament, followed by similar success at the state level...

  • State of the state

    The lever between the two is the logic of the state itself, and it seems to be evolving...

    It is not a coincidence that the state is negotiating Fata reforms and direct governance in the tribal areas at the same moment that it is making laws to address violence against women in the home...

  • Nawaz says he will rid Pakistan of ‘state above state’

    LAHORE: As the Pakis­tan Muslim League-Nawaz (PML-N) prepares to give a rousing welcome to ousted prime minister Nawaz Sharif and his daughter Maryam Nawaz on their arrival in Lahore on Friday, the party supremo has pledged that he will liberate Pakistan from “those who are running a state above the state”...

    Nawaz Sharif further said: “We used to hear about ‘a state within a state’ but now things have gone to the extent that there’s...

  • State Bank develops risk identification system

    KARACHI: The State Bank of Pakistan has developed a regulatory and supervisory infrastructure to ensure adequacy of risk identification, measurement and mitigation both at banking system and individual/institution level, said the Annual Performance Review 2014-15 issued on Friday...

    SBP’s review states that the central bank makes concerted efforts to promote financial stability, efficiency, consumer confidence and market discipline in...

  • State Bank on exports

    THE annual report produced by the State Bank of Pakistan has cast valuable light on a number of vexing economic issues that have been the subject of debate for a while now...

    This report, as with all other annual reports produced by the bank should be required reading for anyone dealing with Pakistan’s economy, including in university classrooms...

  • State Bank to waive charges for mobile banking customers

    ISLAMABAD: The State Bank of Pakistan (SBP) has advised cellular operators to waive account opening charges for customers opening new mobile banking accounts from next year...

    To facilitate the uptake of branchless banking services, the State Bank has advised branchless banking operators to provide free cash-in services to customers holding mobile accounts with effect from Jan 1, 2018...

  • India embarks on $32.4bn state bank recapitalisation

    43 billion plan on Tuesday to recapitalise its state banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth...

    Officials privately admit they have struggled to revive private investment because state-owned banks, which provide much of the credit in the economy, are saddled with a mountain of bad debt that has crimped their ability...

  • IS graffiti found on State Bank wall in Rawalpindi

    RAWALPINDI:  The police have launched an investigation and registered a case against unidentified persons after noticing the name of the so-called Islamic State (IS) written in chalk on the rear wall of the State Bank of Pakistan’s building in Saddar on Thursday...

  • Govt cuts borrowing from State Bank by 85pc

    KARACHI: The government drastically reduced borrowing from the central bank in the first two months of 2017-18, causing a slowdown in the contraction of broad money...

    The government borrowed Rs115 billion from the State Bank of Pakistan (SBP) in July-August, which was just 15 per cent of its borrowing during the same period of 2016-17...

  • State Bank report

    THE latest assessment of the state of the economy provided by the State Bank paints a mixed picture of how things are faring...

    As an example, the report says that the government has successfully reduced its borrowing from the State Bank; the borrowing has merely shifted towards commercial banks instead where it is crowding out private-sector borrowers...

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