Silkbank (SILK.PSX) from Pakistan announced on Thursday that it is currently engaged in discussions regarding a possible investment of a maximum of 50 million euros ($54.5 million) by International Commercial Bank (ICB) of South Sudan. This development resulted in a nearly 8% increase in Silkbank’s shares. The talks follow a commitment made by the Pakistani […]
The State Bank of Pakistan (SBP) has fulfilled a condition set by the International Monetary Fund (IMF) to reach a staff-level agreement by removing all cash margin requirements on imports. The SBP has withdrawn the existing Cash Margin Requirement (CMR) on imports from March 31, 2023, as per a circular dated March 24. The move […]
When it comes to funding through official channels, agriculture is one of the industries that receive the least attention. In the wake of this year’s terrible floods, the governor of the State Bank of Pakistan (SBP) has stated that banks must assist the agricultural sector. The biggest long-term threat to the nation, according to Governor […]