Posts tagged as: State

The Islamic State movement and Pakistan

The emergence of the Islamic State of Iraq and Syria (ISIS) movement, or the Daaish movement, took Iraq and the rest of the world by surprise. This organisation represents an extreme and hardline political expression of Islamic traditions. Its leader, Abu-Bakr al Baghdadi, is not a new person in the field of militancy. Most of […]

Altaf Hussain warns Pakistanis of ”Islamic State” threat

KARACHI: Muttahida Qaumi Movement (MQM) chief, Altaf Hussain said on Friday that the Islamic State (IS) or ‘Daish as it is referred to in Urdu is the Karachi News Sources

Prince of former Kalat state asks Centre to hand over Balochistan govt

KARACHI: After 11 years of silence, the prince of the defunct state of Kalat, Mohiuddin Baloch, came up with a suggestion for resolving the Balochista Karachi News Sources

State Bank keeps discount rate unchanged at 10%

KARACHI: The State Bank of Pakistan on Saturday decided to keep the discount rate unchanged at 10 per cent despite demands from the industry to lower it. The central bank in a brief statement explained that following its July policy decision, the economy witnessed stable macroeconomic conditions where the average inflation for the past three months […]

Currency rate not discussed with IMF: State Bank

KARACHI:  The State Bank of Pakistan (SBP), while responding to an article titled “IMF sees 13% depreciation of Pakistani rupee” that appeared in The Express Tribune on July 25, says it gives an impression that according to the International Monetary Fund (IMF) the rupee-dollar parity will be Rs113.7 in FY15. In a statement, the SBP […]

State Bank keeps monetary policy rate unchanged at 10 per cent

KARACHI: In line with market expectations, the State Bank of Pakistan (SBP) decided on Saturday to keep the policy rate unchanged at 10%. Addressing a press conference at the central bank’s head office, SBP Governor Ashraf Mahmood Wathra painted a rosy picture of the economy by saying that economic conditions at the beginning of the year […]

Post-Partition: India still owes Pakistan a little over Rs5.6b, says State Bank

KARACHI: When it comes to Pakistan-India relations, it’s not just the territorial disputes that refuse to fade away even after 67 years of the Partition. The division of assets and liabilities of the Reserve Bank of India (RBI) post-1947 remains incomplete to this day. According to the State Bank of Pakistan (SBP), India still owes it […]

Export finance: State Bank revises markup for exporters

KARACHI:  The State Bank of Pakistan (SBP) has revised the markup rate for exporters availing financing facilities under its Export Finance Scheme (EFS), bringing it to 7.5% per annum with effect from July 1. Banks’ spread for corporate borrowers and SME borrowers will remain unchanged at 1% and 2%, respectively, according to an SBP circular […]

Shabbir Iqbal rues state of golf in country

KARACHI: Pakistan’s top golfer, Shabbir Iqbal, has lamented the lack of attention being given to young talent by local sports authorities. “I see a lot of talented golfers but they are being wasted,” Iqbal told The Express Tribune. “There must be some support from the government for players who have the potential to make a name […]

State is not going to spare any armed insurgent: Pervaiz Rashid

KARACHI: Speaking on Geo News programme ‘Aaj Kamran Khan Kay Sath on Friday, Federal Information Minister Senator Pervaiz Rashid said that the State Karachi News Sources

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