POLITICAL

• Govt borrows Rs113bn in just one week

• KARACHI: The government has borrowed Rs113 billion for budgetary
support within just one week, according to latest data released by
the State Bank of Pakistan (SBP).

• The Banker Pakistan

• Financial Tribune of Pakistan

• THREAT
ECONOMIC
• Currency: Rupee stable against dollar
• KARACHI: The rupee remained stable against the dollar at
105.4/105.6 in the inter-bank market on Friday compared to
Thursday’s close of 105.4/105.6. The currency market has fluctuated
regularly in recent months with hefty rises and falls on some
occasions.

• The Banker Pakistan

• Financial Tribune of Pakistan

- OPPORTUNITY
TECHNOLOGY
• NBP starts biometric verification
• KARACHI: The National Bank of Pakistan (NBP) has started doing the
biometric verification for all its users (personal accounts as well as
authorised signatories of corporate/commercial entities), under the
directives of the State Bank of Pakistan (SBP).

• The Banker Pakistan

• Financial Tribune of Pakistan

• OPPORTUINTY
Legal
• FIA’s bank transaction notice baffles youth
• JHANG: The Federal Investigation Agency, Karachi, has issued notice
to a student of Jhang district belonging to a lower middle class
family with regard to an inquiry into a suspicious bank account
transaction worth Rs173 million.

• The Banker Pakistan

• Financial Tribune of Pakistan

- THREAT
GLOBAL
• Remittances fall due to global economic slowdown
• KARACHI: The remittances sent home by overseas Pakistani workers
have remained sluggish mainly due to global economic slowdown,
particularly in the Middle Eastern region where majority of the
Pakistanis reside.

• The Banker Pakistan

• Financial Tribune of Pakistan

- THREAT
SOCIAL
• SBP to remain close on Kashmir Solidarity Day
• KARACHI: The State Bank of Pakistan (SBP) will remain closed on
February 5 (Tuesday). The bank will remain closed on the date on
account of Kashmir Solidarity Day, according to a press release on
Friday.

• BUSINESS RECORDER