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central bank

Rupee depreciates- US dollar hits extraordinary record of Rs122 in interbank market

Web Desk Jun 11, 2018

KARACHI: Pakistan’s currency is devalued sharply in the opening of the week as US dollar hits a highest record of 122 for a third time since December by Central Bank. According to today’s early trade, the rupee dropped as much as 5.1…

Value of Pakistani Rupee remains stable against dollar

Web Desk Jun 6, 2018

KARACHI: Pakistani rupee showed stability against US dollar in the inter-bank market on Tuesday compared with Monday’s close of Rs115.5/115.7. The rupee remained constant against the dollar at Rs115.5/115.7 As per Central bank report,…

Iran central bank bans cryptocurrency dealings

Web Desk Apr 23, 2018

TEHRAN: Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.…

Central bank takes measures for denomination of foreign currency transactions in Chinese Yuan

Web Desk Jan 2, 2018

KARACHI: State Bank of Pakistan has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in Chinese Yuan (CNY). The measures have been taken in the capacity of the…

Central bank grants Bank of China approval to start banking in Pakistan

Web Desk Sep 18, 2017

ISLAMABAD: The State Bank of Pakistan (SBP) on Monday granted Bank of China Limited approval for commencement of banking business in Pakistan. Earlier, the central bank had issued banking license to the China bank in 2017. “The SBP,…

Imran Khan urges UAE central bank to disclose non-residents’ accounts details

Web Desk Jul 27, 2017

ISLAMABAD: Declaring Iqama a kind of protection and safe passage, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday urged United Arab Emirates (UAE) Central Bank to disclose all details of 'non-residents’ account holders…

UAE central bank bars deals with Qatar-linked people

Reuters Jun 9, 2017

ABU DHABI: The United Arab Emirates (UAE) central bank has instructed local banks to stop dealing with 59 individuals and 12 entities with alleged links to Qatar and to freeze all their assets, the state news agency WAM reported on Friday.…

Indian central bank chief to step down in surprise move

Reuters Jun 19, 2016

MUMBAI: India's "rock star" central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after…

China central bank: speculators should not dominate sentiment

Reuters Feb 13, 2016

BEIJING: Speculators should not be allowed to dominate market sentiment regarding China's foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central bank governor Zhou Xiaochuan was quoted as saying on…

Pakistan’s economy grew 4.2 pct in 2015, but investors still wary -c.bank

Reuters Dec 12, 2015

Pakistan's economy grew 4.2 percent in fiscal 2015, but investors remain wary of systemic weaknesses, the central bank said on Friday, urging the government to adopt clearer, more consistent policies on industry and trade.

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